Oil ticked lower early Monday as investors returned from a three-day Easter weekend. Crude surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Countries and
Oil ticked slightly lower early Monday as investors returned from a three-day Easter weekend. Crude surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Coun
Oil prices underpinned as OPEC+ production cuts and tight supply balances with concerns over demand.
Matt Smith of Kpler says oil demand will kick in because of the summer driving season, among other factors that will support prices, but "it's what comes after that
The trading pattern, known as backwardation, looks bearish but is often bullish. The reason: Traders buy cheaper oil and producers balance the market by restraining supply.
Reduction in U.S. oil rigs suggests a decline in future production, but supply constraints still offer room for price hikes.
The crude oil markets gapped higher on Monday after oil cuts were announced by OPEC, starting in May.
Crude oil markets did not trade on Friday in the futures pits, but it is worth noting that the Thursday candlestick closed essentially where we have been all week.

Will OPEC's Output Cuts Boost Clean Energy?

05:34pm, Thursday, 06'th Apr 2023
The organization announced unexpected production cuts for 2023 on Sunday.
U.S. oil futures settled slightly higher on Thursday and tallied a third consecutive weekly gain for the holiday-shortened trading week. It seems that West Texas Intermediate crude “isn't going to b
U.S. oil refiners are expected to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.
Oil traders wait for additional catalysts that could push the oil markets out of the current trading range.
Yahoo Finance Live's Jared Blikre breaks down how oil and other commodities are moving on Thursday and the outlook for the energy sector.
Crude oil markets did very little during the trading session on Thursday, just as we've seen all week.

OPEC+ Cut Won't Throttle Chinese Oil Demand

09:43am, Thursday, 06'th Apr 2023
The U.S. is looking shaky, but the world's largest energy consumer is still in the early stages of its post-Covid recovery.
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