Tom McClellan, editor of The McClellan Market Report, joins 'The Exchange' to discuss where crude oil prices are headed, why he thinks gold is a leading indicator for oil, and more.
Oil futures declined on Friday to tally a loss of more than 2% for the week. Prices had started the week moving higher after Saudi Arabia said it would cut output by an additional 1 million barrels pe
The rebound of the Chinese economy missed expectations, and traders are worried that demand for oil will remain under pressure in the upcoming months.
Crude oil markets have fallen a bit during the trading week, as we continue to see a lot of noisy behavior in general.
Crude oil markets have gone back and forth during the trading session on Friday as we are trying to figure out where to go next. Ultimately, this is a market of hesitation.
Jeff Currie, global head of commodities research at Goldman Sachs, predicts that OPEC's planned production cuts will drive crude oil prices higher within a year. "You're going to be seeing substantial
WTI oil prices slid due to demand concerns, US-Iran uncertainty, rising fuel stocks, weak exports, and mixed central bank signals.
Oil prices fell in early Asia trade on Friday as demand concerns outweighed the prospect of tighter supply from global producers while investors remained sceptical that the United States and Iran coul
Oil futures declined on Thursday, pressured after a media report that said the U.S. and Iran were nearing a deal that would help alleviate sanctions on Tehran. Prices, however, settled above the sessi
Oil prices fell on Thursday after media reports suggested that the US was close to reaching a nuclear deal with Iran. The potential deal would lift some sanctions for Iran and allow the country to exp
The sell-off in the oil markets was triggered by reports about a potential oil exports deal between U.S. and Iran.
Oil futures traded sharply lower Thursday, with analysts attributing the drop to a report of progress toward a deal between the U.S. and Iran. The two countries are nearing a temporary deal that would
Crude continues to see a slight upward pressure on Thursday as we try to sort out demand and supply cuts.

Oil prices aim for back-to-back gains

07:28am, Thursday, 08'th Jun 2023
Oil futures rose Thursday, on track for back-to-back gains and a fifth winning session out of the last six, as bulls shook off a sharp rise in U.S. gasoline inventories to focus on improving refining
WTI oil is lower as global economic concerns, weaker demand, rising U.S. fuel stocks, and disappointing Chinese exports offset Saudi output cuts.
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