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At Close: Jun 05, 2026
Oil and natural gas fluctuate within ranges and show volatility ahead of the U.S. presidential election.

Oil Edges Lower in Likely Technical Correction

08:21pm, Monday, 04'th Nov 2024
Oil futures closed sharply higher Monday after members of OPEC+ said they would wait another month before starting to unwind 2.2 million barrels a day in production cuts.
OPEC+ decision provided significant support to oil markets today.
OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged
India can further boost oil imports from Russia if prices are right, the south Asian nation's Petroleum Minister Hardeep Puri said in an interview with Bloomberg's Joumanna Bercetche. He also said g
Crude oil prices have remained in a relatively narrow range for the past year, but we think the oil market offers the potential for a downward break soon. That said, there are many ways that crude oil
The crude oil markets are up in the early hours of Monday, as traders continue to buy on the dips at a fairly important level. This level has been support for two years and should continue to be somet
The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu
The head of oil producer alliance OPEC brushed off what he called "pessimistic" forecasts of dwindling crude demand in the coming year. OPEC expects oil demand growth at 1.9 million barrels a day this
Oil futures saw strong gains Monday after the Organization of the Petroleum Exporting Countries said members would wait yet another month before beginning to unwind production cuts.
Crude is still down substantially over the last 12 months. U.S. producers have kept output high and China's economic slump is denting demand.
Oil prices rise as OPEC+ defers production boost, supporting a near-term bullish outlook. Geopolitical risks and Fed rate cut add volatility.
OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.
Patrick Pouyanne, TotalEnergies CEO, explains what can be done apart from "demonizing."
Oil prices were pushed up further on Monday after the OPEC+ cartel agreed to delay an increase in output for another month. Benchmark Brent crude climbed 2.3% to US$74.51 a barrel early on, adding to
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