After a pensive and somewhat calm month of oil trading in May, market bears returned with a vengeance in June, as both the global proxy benchmark Brent and the U.S.' West Texas Intermediate hit four-m

Oil Market Has Potential to Be Oversupplied in 2025, Says Francisco Blanch

09:12am, Thursday, 06'th Jun 2024

Francisco Blanch, head of commodities and derivatives research at Bank of America Securities, expects Brent crude to average $80 in 2025 as he examines the OPEC+ output decision. -------- More on Bloo

Oil prices gain for second day as hopes for September interest rate cut rise

08:53am, Thursday, 06'th Jun 2024

Oil prices closed more than 1% higher Wednesday, snapping a losing streak triggered by the OPEC+ decision to increase supply.

Crude Oil Price Forecast – Crude Oil Continues to Look For Bottom

08:51am, Thursday, 06'th Jun 2024

The crude oil market has been negative for several sessions, until recently. This is a market that is currently testing a certain amount of support, as the cycle this time of year is likely to be an i

OPEC+ could tweak oil pact if needed, ministers say

07:53am, Thursday, 06'th Jun 2024

OPEC+ could tweak its latest oil output agreement which calls for some output cuts to be reversed later this year if needed to support the market, top OPEC+ ministers said on Thursday after a bearish

November's Election Could Bring A Return To Oil Market Volatility

07:49am, Thursday, 06'th Jun 2024

With a presidential election set for November, polls indicate there is about a 50/50 likelihood of a Donald Trump victory. That outcome would signal a return to some form of the “drill, baby, drill�

Oil prices rise as worries about economic outlook fade

07:33am, Thursday, 06'th Jun 2024

Oil futures rose Thursday, finding support as worries about the outlook for U.S. economic growth faded, though concerns remain about fuel demand as the summer travel season gets under way.

Major Commodities Gain Ahead of the NFP

06:11am, Thursday, 06'th Jun 2024

Gold and oil made gains on Wednesday 5 June as weaker preliminary job data from the USA raised hopes that the Federal Reserve (‘the Fed') might cut its funds rate twice before the end of the year.

Natural Gas and Oil Forecast: Oil Exhibits 4% Weekly Drop; Recovery Ahead?

02:00am, Thursday, 06'th Jun 2024

Oil prices dropped 4% this week despite hopes for a Fed rate cut to boost demand. Will recovery follow?

Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil Prices

10:48pm, Wednesday, 05'th Jun 2024

With the Trans Mountain Pipeline expansion, WCS differentials have narrowed to near negative US$12, which is a US$7 improvement compared to Q1 2024. This partially offsets the impact of weaker oil pri

Oil rises on strengthening Fed rate cut expectations

09:28pm, Wednesday, 05'th Jun 2024

Oil rose in early Asian trading on Thursday on rising expectations the Federal Reserve will cut interest rates in September, and as the market rebounded from a selloff related to growing U.S. inventor

Plummeting oil, diesel, and copper prices signal economic stress. Here's why.

12:52pm, Wednesday, 05'th Jun 2024

Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, crude oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U

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