Oil steadies ahead of testimony by Fed's Powell

08:05am, Wednesday, 21'st Jun 2023
Oil futures steadied early Wednesday as investors awaited congressional testimony by Federal Reserve Chair Jerome Powell amid worries over tightening monetary policy by major central banks and the out
WTI oil prices bounce back as investors anticipate hawkish comments from Fed Chair Powell and a potential U.S. crude stock draw.
Oil prices weakened on Wednesday, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough t

Oil prices slide amid potential China stimulus

06:41pm, Tuesday, 20'th Jun 2023
Yahoo Finance markets reporter Ines Ferre breaks down energy markets' risk-off sentiments as China considers proposed economic stimulus.
China's rate cuts met analyst expectations but traders wanted to see a more aggressive approach.
The crude oil markets tested the 50-Day EMA on Tuesday, only to turn around and fail again.
China's disappointing rate cut raises oil demand worries; surging crude exports from Iran and Russia counteract OPEC+ cuts, adding to supply concerns.
Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery.
Oil traders decided to take some profits off the table after the recent rebound.

Oil Prices Fall On Fears Over China Growth

05:54am, Monday, 19'th Jun 2023
The world's second-largest economy hasn't bounced back as quickly as expected after Beijing relaxed Covid-19 restrictions.
Global oil prices face a significant decline as worries over China's economy outweigh the impact of OPEC+ cuts and oil rig reduction in the US.
Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating

Oil futures gain more than 2% for the week

03:01pm, Friday, 16'th Jun 2023
Oil futures climbed on Friday, with U.S. benchmark prices posting a gain of more than 2% for the week. “Chinese oil demand has been the biggest uncertainty in the market, with the International Ener
Oil markets continue to move higher ahead of the weekend.
A full return of Iranian oil production would have a significant impact on the global market, analysts say, but isn't likely even as some news reports this week suggested an imminent, interim nuclear
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