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At Close: Jun 05, 2026

Geopolitics sends oil down for a fifth session

06:38pm, Thursday, 22'nd Aug 2024
RBC's Helima Croft joins 'Fast Money' from Jackson Hole to discuss the current state of global oil markets.
Crude oil tests key support at 72.82 within a large symmetrical triangle. A breakout or breakdown could trigger significant volatility in the coming days.
Oil prices gain ground as traders react to U.S. PMI data.

What's ahead for the oil market

12:09pm, Thursday, 22'nd Aug 2024
Jeff Currie, Carlyle chief strategy officer of energy pathways, joins 'Money Movers' to discuss the oil market as geopolitical tensions remain an overhang.
The U.S. benchmark is now up just 0.91% for the year, while Brent has erased all of its gain for 2024. Demand is slowing in China as drivers switch from gas to electric vehicles and trucks transition
Oil futures edged higher Thursday, consolidating after ending the previous session at their lowest since January, following revised U.S. jobs data that stoked worries about the outlook for crude deman
WTI futures drop 6.9% since mid-August as weak demand and potential OPEC+ supply hikes pressure oil prices. Bearish outlook persists.
The Greek-flagged oil tanker Sounion suffered "minor damage" following strikes off the Yemeni coast, which ignited a fire onboard. The vessel was left adrift in the Red Sea.
A double bottom pattern at $71.40 suggests WTI Crude Oil could be poised for a significant price rebound in the near term.
Daan Struyven, Head of Oil Research at Goldman Sachs, explains structural issues that he sees weighing on Chinese demand for oil, and why that's more concerning than slowdowns in US or elsewhere.
Rohan Reddy, director of research at Global X, provides his outlook for oil markets amid rising tensions in the Middle East.
U.S. crude oil has been trading in a range between $75 and $80 per barrel over the past week, with the market caught between geopolitical tensions and supply and demand fundamentals. U.S. Secretary of
Oil futures fell Monday, unable to shake off worries about the demand outlook as investors continue to monitor Middle East tensions.
Brent crude oil prices are fluctuating within wide ranges due to increased volatility, looking for next direction.
WTI crude drops to $75.33, with a key trendline break signaling a potential continuation of the bearish trend.
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