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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
Crude oil heads for third straight weekly loss as supply and demand worries weigh on market
08:46am, Friday, 07'th Jun 2024
Oil prices have rebounded over the past two days after a selloff, but are still down for the week. OPEC+ production increases, soft manufacturing data and disappointing private payrolls weighed on the
Oil prices tick higher after Saudi Arabia reiterates output boost can be reversed
07:42am, Friday, 07'th Jun 2024
Oil futures rose Friday, finding support after Saudi Arabia's energy minister reiterated that an OPEC+ plan to unwind 2.2 million barrels a day in voluntary cuts later this year can be paused or rever
Crude Oil News Today: Prices Rebound but Face Weekly Loss Ahead of Jobs Report
05:07am, Friday, 07'th Jun 2024
Given the anticipated rise in supply from OPEC+ and mixed signals from economic indicators, the short-term outlook for oil prices remains bearish.
Natural Gas and Oil Forecast: WTI Jumps to $75.70 Amid OPEC+ Updates; More Upside?
02:13am, Friday, 07'th Jun 2024
WTI oil surged to $75.70 following OPEC+ updates, signaling potential for more gains as market sentiment shifts positively.
Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate
08:54pm, Thursday, 06'th Jun 2024
Oil prices rose on Friday, continuing to climb after OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements and as an interest rate cut in Europe raised the pr
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 1.7% As Rebound Continues
02:21pm, Thursday, 06'th Jun 2024
Oil markets continue to move away from multi-month lows.
Crude Oil Price Forecast: Advances Amid Downtrend, Eyes Key Levels
01:54pm, Thursday, 06'th Jun 2024
Crude oil rallies to 38.2% Fibonacci retracement, targeting 76.87 and 77.84 next, with potential resistance at the 20-Day MA and 200-Day MA levels.
Crude Oil Trades near Multi-Month Lows
12:01pm, Thursday, 06'th Jun 2024
Crude oil is trading near multi-month lows. David Williams discusses this, as well as what rate cuts mean for the energy market.
Oil Prices Below $80 Likely Point To A Market In Oversold Territory
10:18am, Thursday, 06'th Jun 2024
After a pensive and somewhat calm month of oil trading in May, market bears returned with a vengeance in June, as both the global proxy benchmark Brent and the U.S.' West Texas Intermediate hit four-m
Oil Market Has Potential to Be Oversupplied in 2025, Says Francisco Blanch
09:12am, Thursday, 06'th Jun 2024
Francisco Blanch, head of commodities and derivatives research at Bank of America Securities, expects Brent crude to average $80 in 2025 as he examines the OPEC+ output decision. -------- More on Bloo
Oil prices gain for second day as hopes for September interest rate cut rise
08:53am, Thursday, 06'th Jun 2024
Oil prices closed more than 1% higher Wednesday, snapping a losing streak triggered by the OPEC+ decision to increase supply.
Crude Oil Price Forecast – Crude Oil Continues to Look For Bottom
08:51am, Thursday, 06'th Jun 2024
The crude oil market has been negative for several sessions, until recently. This is a market that is currently testing a certain amount of support, as the cycle this time of year is likely to be an i
OPEC+ could tweak oil pact if needed, ministers say
07:53am, Thursday, 06'th Jun 2024
OPEC+ could tweak its latest oil output agreement which calls for some output cuts to be reversed later this year if needed to support the market, top OPEC+ ministers said on Thursday after a bearish
Major Commodities Gain Ahead of the NFP
06:11am, Thursday, 06'th Jun 2024
Gold and oil made gains on Wednesday 5 June as weaker preliminary job data from the USA raised hopes that the Federal Reserve (‘the Fed') might cut its funds rate twice before the end of the year.
Natural Gas and Oil Forecast: Oil Exhibits 4% Weekly Drop; Recovery Ahead?
02:00am, Thursday, 06'th Jun 2024
Oil prices dropped 4% this week despite hopes for a Fed rate cut to boost demand. Will recovery follow?
