Oil futures see a big drop this week

01:07pm, Wednesday, 03'rd May 2023
Yahoo Finance's Julie Hyman looks at how stocks are performing in early trading on Wednesday.
Exxon and its partners recently approved another project offshore in Guyana. It won't start up until 2026 when it will produce for 20 years.
Oil prices continue to drop as concerns over US economy, higher interest rates, debt ceiling worries and banking turmoil affect investor sentiment.
Energy Aspects Co-Founder and Head of Research Amrita Sen discusses the latest moves in oil prices.
Oil futures fell sharply on Tuesday, with U.S. prices settling at their lowest level in over five weeks. “Recession fear is like a hurricane that destroys everything along its path — oil included,
Energy stocks were suffering a broad beating Tuesday, as a selloff in crude prices was exacerbated by a big decline in the broader stock market. The Energy Select Sector SPDR exchange-traded fund XLE
U.S. banking crisis and Yellen's remarks about a potential U.S. default put additional pressure on oil prices.
Crude oil markets fell a bit during the trading session on Tuesday as we continue to see a lot of concerns about overall energy demand.
Oil futures traded lower on Tuesday, building on the previous session's losses, as investors focus on economic worries and awaited this week's Federal Reserve policy decision.
WTI oil market under pressure due to weak China data, US rate hike anticipation, and uncertainty despite positive Labor Day sales.

Oil prices end lower on ‘economic headwinds'

02:48pm, Monday, 01'st May 2023
Oil futures settled lower on Monday, giving back a portion of the back-to-back prices gains late last week. Overall, oil prices have “generally shifted lower over the past month as economic headwind
The weak economic data from China put pressure on the oil markets.
Oil futures fell Monday, kicking off May on a weak note after the U.S. benchmark eked out an April gain to snap a string of five straight monthly declines.

Oil Price Forecast / Update:

04:22am, Sunday, 30'th Apr 2023
Despite ongoing market concerns, WTI prices increased in April due to declining crude output and growing fuel demand.
So far, my prediction that Total U.S. oil production will set a new annual record in 2023 is on track to be correct.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE