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At Close: Jun 05, 2026
Oil prices were on track to gain for a second straight day on Tuesday after settling up more than a dollar on expectations of tighter supply driven by Russian production cuts and attacks on Russian re
Russia has reportedly ordered its oil companies to cut production to meeting OPEC+ targets.

Oil prices buoyed by geopolitical tensions

06:43am, Monday, 25'th Mar 2024
Oil futures rose early Monday, lifted as investors monitored geopolitical tensions in the Middle East and kept an eye on developments in the Russia-Ukraine war.
Global conflicts escalate and U.S. rig count drops, pushing oil prices up amid stronger USD curbing the rise.
Amidst geopolitical unrest and shrinking US oil rigs, oil prices surge, signaling a bullish market trend for investors eyeing Natural Gas and Oil.
Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S.
The proposed U.N. ceasefire led by the U.S. in the Middle East is influencing oil's risk premium, considering the region's role in global oil supply.
Oil traders are not ready for big moves ahead of the weekend.
The crude oil markets continue to see a lot of bullish pressure, and as a result we are likely to see a lot of buying on dips, just as we have on Friday.
The crude markets initially fell during the trading session on Friday, but it looks like major support is starting to come back into the picture and hold the market up.
Oil futures traded near unchanged Friday, steadying as investors monitored efforts toward a cease-fire in Gaza and a news report said the U.S. urged Ukraine to halt attacks on Russia's energy infrastr
Oil prices waver, influenced by a potential Gaza ceasefire, stronger dollar, declining U.S. gasoline demand, and global economic factors.
As Gaza ceasefire talks progress, the oil market reacts with caution, hinting at further declines amidst a strengthening dollar.
Oil prices sank in early Asian trading on Friday on the possibility of a nearing Gaza ceasefire, which could loosen global supply, at the same time a stronger U.S. dollar and faltering gasoline dampen
Paul Sankey, Sankey Research President & Lead Analyst, joins 'Fast Money' with his bull case for oil heading into summer.
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