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$119.57
+1.95 (+1.66%)
At Close: Jun 03, 2026
Oil Price Forecast: Volatile Amidst Debt Ceiling Talks, Strong Fuel Demand
02:30am, Thursday, 18'th May 2023
Debt ceiling talks, fuel demand, and supply-demand gap shaped oil prices, causing fluctuations in market sentiment.
There's 'a little more headroom' for oil prices, analyst says
01:40am, Thursday, 18'th May 2023
Vandana Hari of Vanda Insights says, however, that worries about a U.S. credit crunch and China's lackluster recovery will continue to weigh on sentiment in the oil complex.
Oil prices ease after U.S. oil stock build
08:38pm, Wednesday, 17'th May 2023
Oil prices edged lower on Thursday, easing on concerns over plentiful supply after surging nearly 3% during the previous session.
Wildfires burn millions of acres in Canada, send oil prices higher
02:58pm, Wednesday, 17'th May 2023
The wildfires have burned about 478,000 hectares, or 1,800 square miles, across Alberta, British Columbia and Saskatchewan as of Monday.
Oil futures rally with market optimistic the U.S. will reach a deal on the debt-ceiling
02:42pm, Wednesday, 17'th May 2023
Oil futures finished sharply higher on Wednesday, as U.S. President Joe Biden voiced confidence that an agreement on the debt ceiling will be reached, easing worries about the nation's economy and ene
Natural Gas, WTI Oil, Brent Oil – Oil Soars 3% On Debt Ceiling Optimism
02:10pm, Wednesday, 17'th May 2023
U.S. domestic oil production declined from 12.3 million bpd to 12.2 million bpd, providing additional support to oil prices.
Oil prices rise as traders weigh demand prospects and a second-weekly climb in U.S. crude supplies
11:11am, Wednesday, 17'th May 2023
Oil futures climbed on Wednesday as traders weighed the outlook for crude demand as well as a second straight weekly rise in U.S. crude supplies.
WTI Oil Pulls Back From Session Highs As Crude Inventories Exceed Analyst Expectations
10:49am, Wednesday, 17'th May 2023
Oil markets moved lower after the release of the EIA data as analysts expected that crude inventories would decline by 0.9 million barrels.
Oil Price Forecast: Concerns Persist as API Stockpiles Surge Unexpectedly
02:35am, Wednesday, 17'th May 2023
Oil prices face pressure from rising US crude stockpiles, weak economic data, and persistent demand concerns.
Natural Gas, WTI Oil, Brent Oil – Oil Markets Pull Back Despite Bullish IEA Forecast
02:05pm, Tuesday, 16'th May 2023
Oil prices are under pressure as traders focus on the disappointing economic data from China.
Crude Oil Price Forecast – Crude Oil Markets Continue to Chop Back and Forth
10:01am, Tuesday, 16'th May 2023
Crude oil markets are looking for some type of resolution to the short-term choppiness as we continue to see a lot of “nothingness.”
Oil Price Forecast: Supported by Wildfires in Canada and US Oil Reserve Purchase
02:38am, Tuesday, 16'th May 2023
US strategic reserve plan, Canadian wildfires, and China's refinery surge boost WTI prices, signal improved demand.
Oil Price Forecast: Prices Stable Amid OPEC+ Cuts but Concerns Persist as US Economy Slows
07:30am, Monday, 15'th May 2023
WTI crude oil remains steady due to reduced oil supplies from OPEC+ cuts and US strategic reserves purchases.
The Week Ahead – US Debt Ceiling and Central Banks in Focus
12:58am, Sunday, 14'th May 2023
The week ahead will be a busy one, with economic indicators, central bank commentary, US politics, and recession jitters to test market risk sentiment.
Oil Price Forecast: WTI Slides as Supply and Economic Fears Intensify
02:13am, Saturday, 13'th May 2023
Mounting fears of a recession in the US and China cast a shadow on oil demand growth
