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$116.15
-3.10 (-2.60%)
At Close: Jun 05, 2026
Oil flat as firming US gasoline demand offsets rate jitters
08:38pm, Thursday, 23'rd May 2024
Oil prices were steady early in the session on Friday as players took stock of the U.S. Federal Reserve's latest comments on interest rates amid sticky inflation, while firming seasonal U.S. fuel dema
Crude Oil Price Forecast: Faces Increased Selling Pressure
04:37pm, Thursday, 23'rd May 2024
WTI crude oil's lowest close since February 26 indicates weakening, with potential bearish continuation on a drop below 76.83.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows As Traders Focus On Rising Treasury Yields
02:22pm, Thursday, 23'rd May 2024
Oil traders worry that hawkish Fed may hurt oil demand growth.
Crude Oil Price Forecast – Crude Oil Continues to Consolidate in a Familiar Range
09:52am, Thursday, 23'rd May 2024
The crude oil markets bounced a bit in the early hours of Thursday, as the market continues to try to sort out whether or not we can break out of the consolidation.
Russia finds it challenging to keep the lid on oil output, analysts, sources say
09:33am, Thursday, 23'rd May 2024
Russia, in a rare admission of oil overproduction, said overnight that it exceeded its OPEC+ production quota in April for "technical reasons", a surprise move that analysts and industry sources say s
Oil prices bounce back after three-day decline but still on pace for weekly loss
08:36am, Thursday, 23'rd May 2024
U.S. crude oil is down 2.4% for the week while Brent, the global benchmark, is down 1.8%.
Oil prices attempt to snap 3-day losing streak
07:36am, Thursday, 23'rd May 2024
Oil futures rose Thursday morning, attempting to snap a three-day losing streak as investors weigh the outlook for Federal Reserve policy and crude demand.
Crude Oil News Today: Prices Pressured by Fed's Hawkish Tone, Inventory Shock
06:02am, Thursday, 23'rd May 2024
Given the Fed's indication of potential rate hikes and the unexpected rise in crude inventories, the short-term outlook for crude oil remains bearish.
India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows
05:17am, Thursday, 23'rd May 2024
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Haque: UAE, Saudi Non-Oil Growth Resilient
02:29am, Thursday, 23'rd May 2024
Khatija Haque, Emirates NBD, Chief Economist and Head of Research, discusses UAE growth for 2024. She speaks with Joumanna Bercetche and on Horizons: Middle East & Africa.
Natural Gas and Oil Forecast: WTI and Brent Down 0.20%; Time for Bullish Correction?
01:40am, Thursday, 23'rd May 2024
WTI and Brent crude prices fell 0.20%, prompting speculation about a potential bullish correction in the market.
Oil prices fall on worries of higher US interest rates
08:42pm, Wednesday, 22'nd May 2024
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.
Citi research still expects OPEC+ to hold output cuts through 3rd qtr
05:01pm, Wednesday, 22'nd May 2024
Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday.
US lawmakers urge Justice Department to probe climate deception by Big Oil
02:18pm, Wednesday, 22'nd May 2024
U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on c
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back After EIA Report
02:08pm, Wednesday, 22'nd May 2024
Oil markets are moving lower amid demand worries.
