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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Oil prices hover near 9-week lows as traders await CPI data
07:48am, Wednesday, 15'th May 2024
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.
Oil Demand To Slow, Copper 'Handsomely' Outperforms Dollar | Bloomberg The Pulse 05/15/24
07:32am, Wednesday, 15'th May 2024
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. The IEA adds that Russia's April expo
Crude Oil News Today: Underpinned by Falling Inventories, Weaker Dollar
06:13am, Wednesday, 15'th May 2024
Crude oil prices are expected to remain volatile over the near-term with a bullish bias due to reduced inventories and potential supply disruptions.
IEA Says Global Oil Demand Growth Outlook Has Softened
05:25am, Wednesday, 15'th May 2024
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. Toril Bosoni, head of oil markets
IEA lowers 2024 oil-demand forecast
05:01am, Wednesday, 15'th May 2024
The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's large
No secret the U.S. wants to keep a lid on oil prices in election year, analyst says
05:00am, Wednesday, 15'th May 2024
Amena Bakr, senior research analyst at Energy Intel, discusses U.S. Secretary of Energy Jennifer Granholm's Middle East visit.
See Some Room for OPEC+ to Up Oil Production in 2H24, IEA's Bosoni Says
04:53am, Wednesday, 15'th May 2024
Global oil markets face a supply deficit this quarter, in part due to output cutbacks by the OPEC+ coalition, led by Saudi Arabia, according to the IEA. Toril Bosoni, the agency's Head of Oil Market D
Weak European Industrial Activities, Warm Weather Slow Oil Demand, IEA's Bosoni Says
04:26am, Wednesday, 15'th May 2024
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. Toril Bosoni, IEA's Head of Oil M
IEA trims 2024 oil demand growth forecast, widening gap with OPEC view
04:04am, Wednesday, 15'th May 2024
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global
Natural Gas and Oil Forecast: US Inventories Drop 3.1M Barrels, WTI Up 0.12%
01:35am, Wednesday, 15'th May 2024
A significant 3.1M barrel drop in U.S. oil inventories has lifted WTI prices to $78.49, reflecting tightening supply.
Oil prices up on wildfires in Canada, US inventories drawdown expectations
08:34pm, Tuesday, 14'th May 2024
Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the da
Wildfire forces evacuation of four suburbs of western Canada oil town
05:24pm, Tuesday, 14'th May 2024
People in four suburbs of the Canadian oil sands city of Fort McMurray in Alberta were ordered to evacuate on Tuesday due to an approaching wildfire, the local authority said.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Retreat After U.S. PPI Report
02:19pm, Tuesday, 14'th May 2024
Oil traders are worried that interest rates will stay at high levels for a long time.
Oil Trades Below $80, Cooper Hits High
11:47am, Tuesday, 14'th May 2024
Futures are little changed ahead of the April PPI report. Alan Knuckman discusses this, as well as how crude oil continues to trade below $80.
Crude Oil Price Forecast – Crude Oil Continues to Build Up Pressure
09:16am, Tuesday, 14'th May 2024
The crude oil market continues to see a lot of noise overall, as the market continues to try and find its footing. There are a few technical levels and indicators that are coming into the picture at t
