Crude oil markets have drifted a little bit lower during the early hours on Monday, but have also seen buyers jumping back in and trying to support the market.
Portfolio investors tip-toed back into crude oil as Saudi Arabia extended its unilateral production cut for at least another month, dissipating some of the extreme pessimism gripping the market at the
Oil futures fell on Monday after recording their largest weekly gain in three months on Friday, as traders await key supply data due out later this week.
Weak Chinese factory-gate prices are pressuring crude oil prices, offsetting the potentially bullish impact of Saudi Arabia and Russia's supply cuts.

Oil Shows Strength After OPEC+ Cuts

10:14pm, Sunday, 09'th Jul 2023
The oil market is starting to show signs of strength as the latest OPEC+ cuts take hold. The US, meanwhile, is buying 6 million more barrels of oil as it slowly rebuilds its emergency reserves.
Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts f
Oil markets test multi-week highs as traders remain focused on production cuts.
Sluggish demand has left the price of crude oil in the doldrums. At OPEC's latest meeting in Vienna the 13-member coalition of oil-exporting countries announced a new strategy aimed at tightening glob
Crude oil markets have been very quiet during the trading session on Friday, as traders continue to struggle with the 50-Day EMA.

Oil prices on track for weekly gains

08:00am, Friday, 07'th Jul 2023
Oil futures were slightly higher Friday, on track for weekly gains after data showed further declines in U.S. crude and product inventories this week.
Commerzbank on Friday cut its 2023 and 2024 oil price forecasts, reflecting pessimism in the market over the economic outlook despite supply cuts from key producers that could contribute to a deficit.
WTI crude oil prices set for 2nd weekly gain on robust demand, significant US inventory drop, and OPEC's output cuts, signaling a bullish outlook.
Oil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-

Top Calls: Fuel Demand's Impact on Oil Stocks

06:46pm, Thursday, 06'th Jul 2023
Stewart Glickman, CFRA Deputy Research Director and Head of Energy Research, joins Romaine Bostick to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
U.S. oil futures gave up their early Thursday losses to settle almost unchanged for the session. Prices found some support following a report from the Energy Information Administration showing a third
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