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At Close: Jun 05, 2026
Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns.
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Oil futures settle almost 4% lower

03:14pm, Tuesday, 12'th Dec 2023
Oil futures on Tuesday lost almost 4% for the session to settle at their lowest level since late June. The “sticky” core U.S. inflation data lessens the chance of a first quarter Federal Reserve i
While U.S. stocks rose on the latest inflation data, the oil markets saw cause for concern.
Crude oil markets fell pretty significantly during the trading session on Tuesday, as we continue to see a lot of noisy and dangerous volatility.
In the short term, the oil market outlook appears bearish, dominated by concerns over surplus supply and the effectiveness of the OPEC+ output cuts.
Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker f
Oil futures finished higher on Monday after posting seven consecutive weekly declines. Gains for the session came from a “combination of near-term oversold conditions in the futures market” after
Demand worries persist but some traders are ready to bet on a rebound.
Crude oil markets are doing everything they can to build a bit of a base during the trading session on Monday, continuing the bit of stabilization.
Oil futures stabilized early Monday following the longest losing stretch since 2018 as concerns about a slowing global economy, coupled with booming U.S. supply, helped keep prices anchored around $70
Daniel Yergin, S&P Global vice chair and ‘The New Map' author, joins 'Squawk Box' to discuss the state of the oil market, what's driving crude prices, impact of U.S. oil production, Venezuela-Guyana
SPR boost tackles oil supply glut while China's CPI deflation and OPEC+ doubts add to crude's market uncertainty.
Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel de
Oil producer group OPEC held an event on the sidelines of the COP28 negotiations in Dubai on Sunday aimed at convincing young people to support fossil fuels, whose future has caused deep splits among
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