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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
OPEC oil output rises for second month in June, Reuters survey finds
09:14am, Tuesday, 02'nd Jul 2024
OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and t
U.S. crude oil hits two-month high, tops $84 per barrel amid war and hurricane fears
08:51am, Tuesday, 02'nd Jul 2024
U.S. crude oil has hit two-month highs amid fears of war between Israel and Hezbollah, and an early and active hurricane season in the Gulf of Mexico. Gasoline prices have hit $3.50 per gallon average
Watch These Key WTI Oil Price Levels As Chart Signals Possible Breakout
07:31am, Tuesday, 02'nd Jul 2024
West Texas Intermediate (WTI) crude oil jumped more than 2% to an eight-week high on Monday amid expectations of improving demand over the summer travel months and growing concerns that a regional exp
Crude Oil News Today: OPEC+ Restrictions, Summer Travel Boom Set Bullish Tone
07:00am, Tuesday, 02'nd Jul 2024
The crude oil outlook is bullish short-term with OPEC+ likely to maintain production cuts until prices exceed $90/barrel.
Oil prices extend gains on July 4 travel expectations, Hurricane Beryl worries
06:58am, Tuesday, 02'nd Jul 2024
Oil futures rose Tuesday, trading at their highest since late April, with gains tied to expectations for heavy travel around the Independence Day holiday and concerns that powerful Hurricane Beryl cou
Natural Gas and Oil Forecast: WTI Nears $83.50; Bearish Correction Ahead?
02:04am, Tuesday, 02'nd Jul 2024
Natural gas dips to $2.46 while WTI nears $83.50, prompting analysts to warn of possible market correction driven by rate cut speculation and storm threats.
Oil holds near two-month high on higher demand outlook, possible rate cut
09:51pm, Monday, 01'st Jul 2024
Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. inte
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Month Highs As Traders Focus On Rising Demand
02:27pm, Monday, 01'st Jul 2024
Oil prices are supported by strong demand during the summer driving season.
Oil market's biggest risk is Middle East tensions, analyst says
01:48pm, Monday, 01'st Jul 2024
Oil prices (BZ=F, CL=F) move a notch higher Monday ahead of the July Fourth weekend and the broader summer driving season. Could geopolitical tensions in the Middle East and seasonal factors push crud
UK Oil & Gas gets back on the horse with hydrogen plan
06:51am, Monday, 01'st Jul 2024
UK Oil & Gas PLC (AIM:UKOG) is spearheading a project to create large hydrogen storage caverns under Britain's former naval base in Portland Harbour, Dorset. According to the Sunday Telegraph, the pla
Crude Oil News Today: Underpinned by OPEC+ Cuts, Capped by China Headwinds
06:05am, Monday, 01'st Jul 2024
Given supply deficits from OPEC+ cuts, peak demand, and geopolitical tensions, the short-term oil price forecast is bullish.
Natural Gas and Oil Forecast: Brent Rises 6% in June, WTI at $81.85
01:48am, Monday, 01'st Jul 2024
Brent oil surged 6% in June, staying above $85 per barrel, while WTI traded at $81.85, driven by summer demand and OPEC+ cuts.
Oil inches higher on summer demand outlook
08:59pm, Sunday, 30'th Jun 2024
Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwi
Crude Oil News Today: Will Middle East Tensions Drive Crude Oil Futures Higher?
11:58am, Saturday, 29'th Jun 2024
Bullish crude oil outlook persists as Middle East tensions outweigh weak US demand and inventory builds, fueling supply disruption concerns.
Natural Gas, WTI Oil, Brent Oil Forecasts – Double-Top Formation Capping NatGas
02:54pm, Friday, 28'th Jun 2024
U.S. natural gas, hovering near $2.625, faces potential declines if production increases and temperatures moderate.
