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At Close: Jun 05, 2026
Crude oil (BZ=F, CL=F) prices are rebounding in Wednesday's trading session, ending a three-day slide. The Morning Brief welcomes on Rystad Energy global market analysis director and head of oil macro

Crude Oil Rises 2%; Five Below Shares Plunge

12:03pm, Wednesday, 17'th Jul 2024
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 200 points on Wednesday.

Crude Inventories Fall By 4.9 Million Barrels

10:46am, Wednesday, 17'th Jul 2024
Gasoline inventories increased by 3.3 million barrels, exceeding analyst expectations.
Daan Struyven, Goldman Sachs head of oil research, joins 'Squawk Box' to discuss the state of the energy market, impact of a potential second Trump term on energy and oil markets, and more.
Oil futures traded flat to slightly lower, struggling to hold on to gains seen after industry data showed a large drop in U.S. crude inventories ahead of official figures due Wednesday morning.
The crude oil outlook is cautiously bullish: strong demand and rate cut hopes support prices, but China concerns and efficiency gains may cap upside.
BP released its annual energy outlook Wednesday. Among its conclusions: Oil demand will likely plateau by 2025, after which the decline will depend on how aggressively countries slash carbon emissions
The cost of a standard Independence Day meal for ten people increased nearly 5% from the previous year and a significant 30% increase over the past five years, according to the American Farm Bureau Fe
WTI oil did not manage to settle above the $83.50 level.
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in
Toril Bosoni, head of the oil industry and markets division at the IEA, discusses the agency's latest Oil Market Report.
The recent oil rally has stalled out with West Texas Intermediate largely flat this week, ahead 0.38%, after booking four-straight weeks of gains.
Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected U.S. June consumer-price index reading that
Strong US fuel demand and potential Fed rate cuts support oil prices, but global growth concerns, especially in China, may cap significant gains.
Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy pre
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