Oil futures finished lower on Thursday, giving back roughly half of what they gained in the previous session as traders continued to weigh the prospects for a deal on the U.S. debt ceiling. Natural-ga
Oil markets pull back after yesterday's rally as U.S. dollar tests multi-week highs.
Crude oil markets have pulled back a bit during the trading session on Thursday, as we continue to see a lot of noisy behavior to say the least.

Oil prices steady after rising to 1-week high

08:12am, Thursday, 18'th May 2023
Oil futures edged lower early Thursday as investors kept tabs on debt-ceiling negotiations, a day after crude bounced to its highest finish in a week.
Oil demand is growing faster than expected. Supplies are facing additional headwinds.
Debt ceiling talks, fuel demand, and supply-demand gap shaped oil prices, causing fluctuations in market sentiment.
Vandana Hari of Vanda Insights says, however, that worries about a U.S. credit crunch and China's lackluster recovery will continue to weigh on sentiment in the oil complex.

Oil prices ease after U.S. oil stock build

08:38pm, Wednesday, 17'th May 2023
Oil prices edged lower on Thursday, easing on concerns over plentiful supply after surging nearly 3% during the previous session.
The wildfires have burned about 478,000 hectares, or 1,800 square miles, across Alberta, British Columbia and Saskatchewan as of Monday.
Oil futures finished sharply higher on Wednesday, as U.S. President Joe Biden voiced confidence that an agreement on the debt ceiling will be reached, easing worries about the nation's economy and ene
U.S. domestic oil production declined from 12.3 million bpd to 12.2 million bpd, providing additional support to oil prices.
Oil futures climbed on Wednesday as traders weighed the outlook for crude demand as well as a second straight weekly rise in U.S. crude supplies.
Oil markets moved lower after the release of the EIA data as analysts expected that crude inventories would decline by 0.9 million barrels.
Oil prices face pressure from rising US crude stockpiles, weak economic data, and persistent demand concerns.
Oil prices are under pressure as traders focus on the disappointing economic data from China.
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