Sign In
Buy UCO
$46.88
+1.72 (+3.81%)
At Close: Jun 10, 2026
Oil prices set for worst week since October 2023 as OPEC+ fails to reassure market
08:31am, Friday, 06'th Sep 2024
The Brent global benchmark has fallen 7.2% and is on pace for its worst week since October 2023. The U.S. benchmark is down 5.4% for its worst week since early May.
Oil Demand Worries And Natural Gas Supply Risks
08:10am, Friday, 06'th Sep 2024
Demand concerns and prospects for a supply surplus in 2025 have weighed on oil prices. We've revised lower our Brent forecast for the rest of the year.
Oil prices on track for hefty weekly drop on fears over demand
07:31am, Friday, 06'th Sep 2024
Oil futures were steady early Friday as investors awaited the U.S. August jobs report, but were on track for a large weekly slide on worries over the outlook for demand.
Oil News: Oil Prices Stabilize Near 14-Month Low, Demand Concerns Linger
06:50am, Friday, 06'th Sep 2024
Crude oil steadies after sharp losses. OPEC+ delays output hikes, but demand concerns in the U.S. and China overshadow supply cuts and inventory draws.
Natural Gas and Oil Forecast: U.S. Inventory Drop Sparks Volatility—What to Expect Next
02:07am, Friday, 06'th Sep 2024
A major U.S. crude inventory withdrawal and OPEC+ decisions shape oil's outlook, while technical indicators suggest potential bullish breakouts for natural gas.
Oil Prices Set for Worst Weekly Decline in a Year Even Amid OPEC+ Delay
02:05am, Friday, 06'th Sep 2024
Oil was poised for the deepest weekly loss in almost a year on persistent concerns about soft demand and ample supply, even as OPEC+ delayed a planned increase in output by two months. Bloomberg's Jo
Oil prices unmoved by OPEC+ production pause. Two reasons why
05:52pm, Thursday, 05'th Sep 2024
Oil prices (CL=F, BZ=F) saw slight gains on Thursday after reports indicated that OPEC+ agreed to pause oil production hikes. Goldman Sachs Managing Director and Head of Oil Research Daan Struyven joi
Crude Oil Price Forecast: Hits Support but Bearish Momentum Remains
04:38pm, Thursday, 05'th Sep 2024
After hitting a new trend low of $69.37, crude oil faces increasing downward pressure, with key support at $69.18 and potential for further losses toward $67.82 and beyond.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats From Session Highs As Traders Focus On EIA Data
02:50pm, Thursday, 05'th Sep 2024
Oil traders remain bearish despite the delay in OPEC+ production hike.
OPEC+ agrees to delay October oil output hike for two months
01:07pm, Thursday, 05'th Sep 2024
OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices hit their lowest in nine months, adding that it could further
Citi Says Oil Prices Could Plunge Below $60 Amid Market Uncertainty
12:42pm, Thursday, 05'th Sep 2024
On Wednesday, Citi stated that if OPEC+ doesn't cut production further, the average price of oil could fall to $60 per barrel in 2025, driven by reduced demand and increased supply from non-OPEC count
OPEC's Production Pause Halts Oil's Slide
12:12pm, Thursday, 05'th Sep 2024
The agreement means that the market is less worried about oversupply heading into the fall.
Crude Inventories Decline By 6.9 Million Barrels
11:14am, Thursday, 05'th Sep 2024
EIA natural gas storage build of +13 Bcf missed analyst estimates.
OPEC+ members delay plans to hike production by two months after oil price slump
10:34am, Thursday, 05'th Sep 2024
Members of the OPEC+ oil alliance have delayed plans to hike production by a scheduled 180,000 barrels per day in October, according to two OPEC+ sources, who could only speak anonymously due to the s
Crude Oil Price Forecast – Crude Oil Continues to Drift Lower
10:25am, Thursday, 05'th Sep 2024
The oil market continues to see selling pressure, as we are trying to sort out whether or not the bottom will hold. The market has been range bound for some time now, and we are at extreme lows, and t
