Oil traders eyeing OPEC+ output cuts and Chinese demand amid rising costs and weaker margins. IEA projects record demand, but concerns persist.
It is a busy week ahead, with the UK economy, China stats, and private sector PMIs drawing interest along side central bank commentary.

Oil futures mark a fourth straight weekly gain

03:00pm, Friday, 14'th Apr 2023
Oil futures climbed on Friday to post a fourth straight weekly gain. High inflation and hawkish Federal Reserve had “spoilt the party for oil producers, but the oilmen are now back and the party is
Peter Boockvar, Bleakley Financial Group, joins 'The Exchange' to discuss the latest remarks from the Fed.
Oil markets are swinging between gains and losses as traders wait for additional catalysts.
Both grades of crude oil that I follow rallied enough during the week to slam into the 50-Week EMA.
Crude oil markets did very little during the trading session on Friday, as we are sitting just above the crucial 200-Day EMA.
Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.
Oil futures rose Friday and were on track for another round of weekly gains after the International Energy Agency warned that OPEC+ production cuts would leave the crude market with a larger and earli
Oil futures declined Thursday, with U.S. benchmark crude easing back as traders digested a breakout in prices a day earlier to fresh year-to-date highs, said Tyler Richey, co-editor at Sevens Report R
Stan Majcher, Hotchkis & Wiley portfolio manager, joins 'The Exchange' to discuss consolidation in the oil and gas sectors.
Oil traders focused on OPEC monthly report, which highlighted risks to summer oil demand.
Oil is trading at its year-to-date high of $83 and change per barrel on Thursday but a Kpler analyst is convinced that it's not out of room to run just yet.
Crude oil markets did very little on Thursday, as we continue to hover at elevated levels.

Oil prices hold despite US recession fears

08:33am, Thursday, 13'th Apr 2023
Oil prices have been pushed and pulled in the past day, after the prospect of no further interest rate rises in the US were slammed by recessionary fears from the Federal reserve. Crude sat at US$82.
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