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At Close: Jun 03, 2026
Crude oil markets have broken down rather significantly during the trading session on Wednesday, as fears of a major global recession have hit the markets.

Oil stocks plummet amid Credit Suisse turmoil

11:11am, Wednesday, 15'th Mar 2023
Yahoo Finance Live's Jared Blikre and Julie Hyman break down the decline in oil and energy stocks.
Oil traders have mostly ignored EIA data amid a strong sell-off triggered by the potential banking crisis in Europe.
Oil futures remained sharply lower Wednesday after the Energy Information Administration said U.S. crude inventories rose by 1.6 million barrels last week. Crude had tumbled sharply as a continued rou

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Though U.S. inflation slowed in February, these sectors witnessed price gains. The associated ETFs may thus gain ahead.
Oil prices rose in early Asia trade on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of
Oil traders are worried that U.S. regional banks' problems may have a negative impact on demand for oil.
Crude oil markets have fallen a bit during the trading session on Thursday but turned around to show support at the bottom of the range that we have been stuck in for ages.
Oil futures fell Tuesday, extending the previous session's decline after the collapse of California's Silicon Valley Bank on Friday stirred worries of a U.S. regional banking crisis and a potential hi
Meanwhile, colder weather provided support to natural gas prices.
Crude oil markets have gotten absolutely crushed during the trading session on Monday, as we have seen the market test the bottom of its trading range.
Oil futures fell Monday as investors attempted to get a grip on the fallout from the collapse of Silicon Valley Bank.
Saudi Aramco CEO predicts "tightly balanced" market amid recovery in Chinese demand.
Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provi
Crude oil speculators shrug-off concerns of further interest rate hikes and a strengthening dollar amid better-than-expected U.S. labor data.
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