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$119.25
-0.320 (-0.268%)
At Close: Jun 04, 2026

Oil futures mark first gain in 4 sessions

02:43pm, Thursday, 02'nd Nov 2023
Oil futures finished higher on Thursday, marking their first gain in four sessions. Prices have “erased the premium that was added since the Hamas attack on Israel,” said StoneX's Kansas City ener
Oil traders bet that the global rate hike cycle has been finished.
Crude oil markets rallied initially during the session on Thursday, as we continue to see a lot of noisy behavior.
Venezuela's oil exports declined in October to less than 700,000 barrels per day (bpd) amid operational hiccups at the country's main production region, in a sign any sustained output recovery after t

Oil prices attempt to snap 3-day losing streak

08:31am, Thursday, 02'nd Nov 2023
Oil futures rose Thursday, attempting to snap a three-day losing streak after the U.S. benchmark ended the previous session just above the $80-a-barrel threshold after previously wiping out gains seen
Following the Fed's decision, crude futures rise over 1%, while OPEC's Iran urges an oil export halt to Israel, shaking production dynamics.
Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region.
Crude oil prices (BZ=F, CL=F) are lower due to a number of reports including EIA data showing stockpiles rose more than expected while China saw decreasing factory activity. Gasoline prices have decre
Natural gas remains volatile as traders stay focused on the changes in weather forecasts.
Surging U.S. and OPEC production levels paint a bearish outlook for crude oil, despite geopolitical risks in the Middle East.
Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments
World Bank officials forecast oil prices to potentially surge as high as $157 per barrel if Middle East tensions become more widespread and a major disruption to oil supply. Yahoo Finance Senior Repor
The disappointing data from Europe put significant pressure on the oil markets.
The warning comes even though global oil prices are struggling to cap even $90. Indeed a price hiking black swan event like an Arab oil embargo appears highly unlikely.
Crude oil markets are testing the bottom of the overall consolidation area that we had been in previously, so it does suggest that buyers might step in.
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