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At Close: Jun 08, 2026
Francisco Blanch, head of global commodities, equity derivatives and cross-asset quantitative investment strategies at Bank of America Global Research, discusses the oil market as crude fell for a sec
Oil dips as U.S. crude stockpiles rise by 3.5M barrels, with supply fears and easing geopolitical risk pressuring WTI and Brent in a fragile range.
WTI crude oil consolidates below the 50-day SMA, while natural gas remains in a strong uptrend after finding support at $3.

Oliver Wyman: Expect oil around $65

08:59pm, Wednesday, 14'th May 2025
Nadim Haddad, Promo, Global Head of Oil and Gas from Oliver Wyman, tells CNBC's Dan Murphy the impact of U.S. President Donald Trump's Middle East trip on the direction of oil prices.
Oil fell in the early Asian session amid a surprise increase in U.S. crude inventories.
U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply.
Oil traders remain optimistic despite rising crude inventories.
The oil markets continue to see a lot of buyers on dips, but we did slow down a bit in the early hours of Wednesday. That being said, it looks like traders are trying to force the market higher, coinc

U.S. Crude Oil Supplies Rise Unexpectedly

11:02am, Wednesday, 14'th May 2025
U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data from the U.S. Energy Information Administration
Oil markets pulled back as traders reacted to the EIA report.
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast steady as it prepares to accelerate production.
Crude oil falls as API data shows a 4.3M barrel build; traders await EIA report for fresh insight into U.S. inventories and short-term oil outlook.
WTI oil consolidates near $63.29, supported by a rising channel, while natural gas breaks trendline, hinting at growing downside pressure.
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.
Oil edged lower in the early Asian session, with the market's focus on U.S. President Trump's visit to the Middle East.
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