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$119.25
-0.320 (-0.268%)
At Close: Jun 04, 2026
U.S. oil futures post lowest settlement since mid-March
02:55pm, Monday, 12'th Jun 2023
Oil futures declined on Monday, with U.S. benchmark crude posting its lowest settlement since mid-March. “Disappointing economic numbers out of China continue to be a concern given the country's out
Goldman Sachs cuts its December Brent oil-price forecast by nearly 10%
02:23pm, Monday, 12'th Jun 2023
Goldman Sachs reduced its December forecast for global benchmark crude prices by almost 10% this week, partly attributing the move to higher-than-expected supplies from Iran and Russia.
US oil output to rise to record high in July but growth narrowing - EIA
01:09pm, Monday, 12'th Jun 2023
U.S. oil output from top shale-producing regions is due to rise to the highest on record in July but the size of that increase is expected to be the lowest rise since December, U.S. Energy Information
Goldman Sachs slashes oil price forecast
12:20pm, Monday, 12'th Jun 2023
Goldman Sachs lowered its 2023 outlook for crude prices by almost 10% citing a number of factors, even after Saudi Arabia's surprise production cut took the global markets off guard.
Oil Markets At The Crossroads As China Underperforms
11:47am, Monday, 12'th Jun 2023
Oil markets are moving towards yearly lows as China's economic rebound misses analyst expectations.
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
03:44am, Monday, 12'th Jun 2023
China's Unipec, the trading arm of top Asian refiner Sinopec , has emerged as a major seller of August-loading Oman crude this month, a move that has helped to cap benchmark prices despite Saudi Arabi
Oil Price Forecast: Fed Meeting, China Demand, Russian Supply Worries Weigh
01:30am, Monday, 12'th Jun 2023
Oil prices face downward pressure as investors await Federal Reserve meeting and worry about China's demand growth and rising Russian supply.
Oil edges lower ahead of Fed meeting
09:06pm, Sunday, 11'th Jun 2023
Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and ri
U.S. Shale Is Slowing Down Due To Factors Beyond Its Control
08:06am, Saturday, 10'th Jun 2023
From its' January 14 peak, the Enverus Daily Count of active North American drilling rigs has now fallen by 20%.
Here's why gold is a leading indicator for oil: The McClellan Market Report's editor
04:42pm, Friday, 09'th Jun 2023
Tom McClellan, editor of The McClellan Market Report, joins 'The Exchange' to discuss where crude oil prices are headed, why he thinks gold is a leading indicator for oil, and more.
U.S. oil futures fall for the session, lose more than 2% for the week
02:58pm, Friday, 09'th Jun 2023
Oil futures declined on Friday to tally a loss of more than 2% for the week. Prices had started the week moving higher after Saudi Arabia said it would cut output by an additional 1 million barrels pe
Natural Gas, WTI Oil, Brent Oil – Oil Moves Lower Amid Recession Worries
02:11pm, Friday, 09'th Jun 2023
The rebound of the Chinese economy missed expectations, and traders are worried that demand for oil will remain under pressure in the upcoming months.
Crude Oil Weekly Price Forecast – Crude Oil Markets Have Volatile Week
11:58am, Friday, 09'th Jun 2023
Crude oil markets have fallen a bit during the trading week, as we continue to see a lot of noisy behavior in general.
Crude Oil Price Forecast – Crude Oil Markets Relatively Quiet Heading Into the Weekend
11:28am, Friday, 09'th Jun 2023
Crude oil markets have gone back and forth during the trading session on Friday as we are trying to figure out where to go next. Ultimately, this is a market of hesitation.
Goldman's Currie Says OPEC Cuts to Push Oil Into Low $90s
09:30am, Friday, 09'th Jun 2023
Jeff Currie, global head of commodities research at Goldman Sachs, predicts that OPEC's planned production cuts will drive crude oil prices higher within a year. "You're going to be seeing substantial
