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At Close: Jun 04, 2026

Citigroup's Ed Morse Sees $90 Ceiling for Crude

09:25am, Tuesday, 18'th Jul 2023
Ed Morse, global head of commodities research at Citigroup, says without "wild card" weather-related disruptions he expects crude oil to remain below $90 on "Bloomberg Surveillance." --------

Oil edges higher after back-to-back declines

07:40am, Tuesday, 18'th Jul 2023
Oil futures rose modestly early Tuesday, stabilizing after back-to-back declines as investors await U.S. supply data.
WTI oil prices are higher as investors anticipate tightening in US supplies, while weak Chinese GDP data casts caution on oil prices, capping gains.
Oil prices edged higher in early trade on Tuesday after sinking in the previous session on weaker-than-expected Chinese economic growth, as investors eyed a possible tightening of U.S. crude supplies.
(Kitco News) - A recession-free soft landing for the U.S. economy will send commodity prices skyrocketing as global demand picks up, according to Kitco Senior Market Analyst Jim Wyckoff.
Daan Struyven, Goldman Sachs head of oil research, joins 'Power Lunch' to discuss trends in the oil market.

Oil futures post back-to-back losses

02:49pm, Monday, 17'th Jul 2023
Oil futures declined for a second straight session on Monday, with U.S. prices down nearly 2% for the session. “Chinese GDP data that confirmed the economy's weakness” pressured oil prices, StoneX
Analysts rushed to cut China growth forecasts, which served as an additional bearish catalyst for oil markets.
Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its
Oil futures declined on Friday but after settling a day earlier at their highest since April, prices ended the week with a gain of more than 2%. “Oil benchmarks have been reinvigorated by the ailing
Oil traders decided to take some profits off the table after the strong rally.
The crude oil markets have rallied during the course of the week, the break above the recent consolidation area that we had been in.
Crude oil markets have pulled back just a bit during the trading session on Friday, as the 200-Day EMA has come into the picture.
Crude oil prices were marginally lower on Friday but on track to cap off their strongest two-week streak of gains since April as production cuts and a weaker U.S. dollar have pushed prices higher.
WTI Crude oil surges on Libyan and Nigerian supply disruptions, OPEC's demand forecast, and deeper oil cuts by Saudi Arabia and Russia.
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