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iShares U.S. Oil & Gas Exploration & ETF News

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At Close: May 17, 2024

Oil lower after disappointing China import data

07:38am, Tuesday, 07'th Mar 2023
Oil futures fell early Thursday, feeling pressure after weaker-than-expected import data from China.
Crude oil traders will be eyeing the testimony of Fed Chair Powell, hoping he clarifies his outlook for the economy and the duration of rate hikes.
Oil prices edged up after industry executives flagged concerns about limited spare capacity in the market and uncertainty over Russian supplies while demand from top crude importer China is recovering
Pioneer Natural Resources CEO Scott Sheffield says oil could reach $100 a barrel by q4. He also says oil output in the Permian Basin will peak in five to six years.
Crude-oil prices settled higher on Monday, shaking off concerns over the energy demand outlook. The Chinese government on Sunday set this year's economic growth target at around 5%.
John Kilduff, Again Capital founding partner, joins 'The Exchange' to discuss the energy trade.

China's modest growth target sends oil lower

02:19pm, Monday, 06'th Mar 2023
Yahoo Finance Live's Jared Blikre breaks down Chinese GDP growth and how commodities are trading ahead of economic data.
Oil markets rebounded from session lows as traders bet that China's 5% growth should be sufficient to boost demand for oil.
Crude oil markets have initially pulled back a bit during the trading session on Monday, but then found buyers right around the 50-Day EMA again.
Oil futures fell Monday, with traders appearing underwhelmed by the 5% economic growth target set by China's National People's Congress.
Rate hikes worldwide could also impact oil prices as global central banks tighten policy over fears of increasing inflation.
Oil prices opened lower on Monday after China set a modest target for economic growth this year of around 5%, lower than market expectations of 5.5% growth in the world's second- largest oil consumer.
Oil futures dipped Friday, then recovered, after a report by The Wall Street Journal detailing strained relations between Saudi Arabia and United Arab Emirates. The report, citing Emirati officials, s
Crude oil markets have rallied a bit during the week, but quite frankly we are still in the midst of a major consolidation area.
Crude oil markets eventually turned things around during the trading session on Friday, after initially selling off quite drastically.
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