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At Close: Jun 04, 2026

Oil prices rise after 4th straight weekly gain

07:51am, Monday, 24'th Jul 2023
Oil futures rose early Monday, looking to build on a fourth straight weekly rise on expectations crude supplies will tighten in the second half of the year.
WTI oil firm amid rate hike anticipation, Brent steady at $80, boosted by supply and Chinese stimulus hopes.
Daan Struyven, head of oil research at Goldman Sachs, says the investment bank forecasts Brent will rise from just above $80 right now to $86 per barrel by year-end, as it expects "pretty sizeable" de
Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel.
U.S. Energy Secretary Jennifer Granholm said she expects oil demand in the U.S. to increase to 12.5 million barrels per day this year.
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.
Oil futures gained on Friday, with U.S. prices for the commodity up more than 2% for the week. Oil prices have been “relishing the prospects that [Federal Reserve] rate hikes may soon come to an end
The stimulus measures in China provide additional support to oil markets.
Crude oil markets have rallied just a bit during the course of the week, as we continue to bounce around and try to figure out whether or not we have formed a bottom.
The crude oil markets have rallied a bit heading into the weekend, but are still constrained by the 200-Day EMA.

Oil Market Could Be Poised for Future Strength

08:45am, Friday, 21'st Jul 2023
The global transition to alternative energy sources is dominating the energy news in the capital markets as of late. However, that doesn't mean there aren't any opportunities in oil.

Oil prices head for 4th straight weekly gain

08:04am, Friday, 21'st Jul 2023
Oil futures rose Friday, with benchmarks on track for a fourth straight weekly rise on expectations the second half of 2023 will see a tightening of supplies in the crude market.
WTI crude oil prices surged in Asian trading, driven by China's economic stimulus and supply cuts from key producers.
Brent oil prices were little changed on Friday and were set to close flat for the week after three straight weeks of gains, as markets weigh lower U.S. crude inventories and tapering interest rate hik
WTI oil moved above $75.50 after an unsuccessful attempt to settle below $74.50.
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