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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain
08:36am, Thursday, 22'nd Aug 2024
The U.S. benchmark is now up just 0.91% for the year, while Brent has erased all of its gain for 2024. Demand is slowing in China as drivers switch from gas to electric vehicles and trucks transition
Oil steadies after demand fears spark slide to 7-month lows
07:33am, Thursday, 22'nd Aug 2024
Oil futures edged higher Thursday, consolidating after ending the previous session at their lowest since January, following revised U.S. jobs data that stoked worries about the outlook for crude deman
Oil News: OPEC+ Output Uncertainty Fuels Bearish Oil Outlook
05:20am, Thursday, 22'nd Aug 2024
WTI futures drop 6.9% since mid-August as weak demand and potential OPEC+ supply hikes pressure oil prices. Bearish outlook persists.
Oil tanker left adrift and ablaze after Red Sea attack
02:38am, Thursday, 22'nd Aug 2024
The Greek-flagged oil tanker Sounion suffered "minor damage" following strikes off the Yemeni coast, which ignited a fire onboard. The vessel was left adrift in the Red Sea.
Natural Gas and Oil Forecast: WTI Targets $71.40 Rebound, Double Bottom Alert
02:06am, Thursday, 22'nd Aug 2024
A double bottom pattern at $71.40 suggests WTI Crude Oil could be poised for a significant price rebound in the near term.
Goldman Sachs: Downside risk from China more concerning for oil markets
11:12pm, Wednesday, 21'st Aug 2024
Daan Struyven, Head of Oil Research at Goldman Sachs, explains structural issues that he sees weighing on Chinese demand for oil, and why that's more concerning than slowdowns in US or elsewhere.
Greek oil tanker said to be drifting and ablaze after repeated attacks in Red Sea
09:04pm, Wednesday, 21'st Aug 2024
DUBAI, United Arab Emirates — A Greek-flagged oil tanker traveling through the Red Sea came under repeated attack Wednesday, leaving the vessel “not under command” and drifting ablaze after an a
Oil prices slow sell-off as expectations of Fed rate cut grow
08:44pm, Wednesday, 21'st Aug 2024
A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Tests $72.00 As Traders React To EIA Data
03:02pm, Wednesday, 21'st Aug 2024
Oil markets remain under strong pressure.
Market Navigator: Playing crude oil with futures
03:00pm, Wednesday, 21'st Aug 2024
Scott Nations, Nations Indexes President, joins 'Power Lunch' to discuss playing crude oil to the upside.
Oil prices are under pressure as OPEC+ tries to 'squeeze out' extra barrels: Again Capital's Kilduff
11:46am, Wednesday, 21'st Aug 2024
John Kilduff, Again Capital founding partner, joins 'Squawk on the Street' to discuss the balance in oil prices between geopolitics and waning demand in China, what scares Kilduff to the hawkish outlo
Crude Inventories Declined By 4.6 Million Barrels
10:55am, Wednesday, 21'st Aug 2024
Gasoline inventories decreased by 1.6 million barrels from the previous week.
Oil prices steady after 3-day losing streak
07:55am, Wednesday, 21'st Aug 2024
Oil futures hovered near unchanged Wednesday morning, consolidating as investors awaited official data on U.S. crude inventories after a three-day losing streak that took crude to two-week lows.
Oil News: U.S. Crude Exports Set to Plateau Amid Weak Oil Demand from China
07:47am, Wednesday, 21'st Aug 2024
U.S. crude exports set to plateau in 2024, signaling potential price pressures as global demand, especially from China, slows.
S&P Global Ratings discusses Saudi-China ties and renminbi-based oil trade
04:15am, Wednesday, 21'st Aug 2024
Charles Chang of S&P Global Ratings outlines the factors to keep in mind.
