Crude oil markets initially pulled back just a bit during the trading session on Wednesday, only to find buyers again as we see an attempt to recover.
Oil futures fell Wednesday, under pressure after data from an industry trade group showed a rise in U.S. crude inventories. Official government data is due Wednesday morning.
Investors remain cautious as US crude inventory increase suggests lower demand and await US CPI figures, wary of potential future Fed rate hikes.
U.S. oil futures gave up early declines to finish higher on Tuesday. Oil prices saw a real turnaround on reports that the Biden administration planned to buy back oil for the U.S. Strategic Petroleum
Chinese imports declined by 7.9% year-over-year in April.
Crude oil markets had a rather stagnant day during the trading session on Tuesday. Therefore, the bear market bounce may be coming to an end.

Crude-oil prices fall after back-to-back gains

07:41am, Tuesday, 09'th May 2023
Oil futures fell early Tuesday, giving up some ground regained in back-to-back winning sessions as traders weighed data on Chinese crude imports.
A higher US consumer price index may reduce hopes for an end to the aggressive tightening campaign by the Federal Reserve, capping oil prices.
Lipow Oil Associates President Andy Lipow discusses what a U.S. recession means for oil prices on 'The Claman Countdown.' #foxbusiness #clamancountdown

OPEC+ Production Cuts Stymied By Weak Demand

04:37pm, Monday, 08'th May 2023
Despite a brief surge in oil prices following OPEC+'s announcement of production cuts on April 3, the crude oil market has subsequently drifted downward. Will weak global demand foil the effort to bol
CNBC's Pippa Stevens joins 'Power Lunch' to report on the oil sectors recovery.
U.S. oil futures settled with a gain on Monday, tacking on nearly 3% for the session. Much of the support for oil started Friday with the U.S. jobs data, which came in “bullish relative to market ex
Oil markets continue to rebound as traders bet that U.S. will not fall into recession.
Most likely, the Fed has stopped raising rates, while the ECB is not done with rate hikes.
Crude oil markets rallied on Monday as we continue to recover significantly after the massive selloff last week.
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