$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Oil prices stabilize after longest losing streak since 2018
08:58am, Monday, 11'th Dec 2023
Oil futures stabilized early Monday following the longest losing stretch since 2018 as concerns about a slowing global economy, coupled with booming U.S. supply, helped keep prices anchored around $70
Expect 'downward pressure' in oil prices in first half of 2024, says S&P Global's Dan Yergin
08:43am, Monday, 11'th Dec 2023
Daniel Yergin, S&P Global vice chair and ‘The New Map' author, joins 'Squawk Box' to discuss the state of the oil market, what's driving crude prices, impact of U.S. oil production, Venezuela-Guyana
Oil Prices Forecast: US Strategic Reserve Refill Plans Lift WTI and Brent Crude
12:49am, Monday, 11'th Dec 2023
SPR boost tackles oil supply glut while China's CPI deflation and OPEC+ doubts add to crude's market uncertainty.
Oil extends gains on US strategic reserve purchase
08:38pm, Sunday, 10'th Dec 2023
Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel de
OPEC pursues charm offensive at COP28, for youths
12:23pm, Sunday, 10'th Dec 2023
Oil producer group OPEC held an event on the sidelines of the COP28 negotiations in Dubai on Sunday aimed at convincing young people to support fossil fuels, whose future has caused deep splits among
Oil Prices Forecast: Did Friday's Recovery Rally Signal a Sentiment Shift?
12:46am, Saturday, 09'th Dec 2023
Friday's price rise challenges a seven-week oil decline, amid OPEC+ decisions and U.S. reserve strategies, with a cautiously optimistic outlook.
Oil futures settle higher after a 6-session streak of losses
02:54pm, Friday, 08'th Dec 2023
Oil futures finished higher Friday after a six-session streak of declines, but marked a seventh weekly loss in a row. Oil's overall loss highlights how “unimpressed traders were with the OPEC+ produ
Crude Oil Weekly Price Forecast – Crude Oil Markets Have Another Tough Week
01:17pm, Friday, 08'th Dec 2023
Crude oil markets have fallen during the course of the week, showing signs of life on Friday, but still looking very weak.
XOP And XLE: Heavy "Put Buying" Bullish For Oil Stocks (Rating Upgrade)
10:40am, Friday, 08'th Dec 2023
Full allocation to the energy sector using XOP and XLE is recommended. We are forecasting a gain of 40% to 50% for XOP, and similar gains for XLE, over the next nine months. Large amounts of "put buyi
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars Amid Hopes For Additional Production Cuts
10:37am, Friday, 08'th Dec 2023
Oil traders bet on a rebound as Saudi Arabia and Russia call for other OPEC+ countries to participate in voluntary production cuts.
Natural Gas and Oil Analysis: Rising Oil Prices on OPEC+ Output Cuts, but Oversupply Concerns Loom
07:39am, Friday, 08'th Dec 2023
Despite a recovery in oil prices on OPEC+ output cut calls, persistent oversupply and weak Chinese demand continue to cloud the market outlook.
Oil prices rise, but still headed for another weekly loss
06:27am, Friday, 08'th Dec 2023
Oil was rising for the first time in seven sessions on Friday, with some attributing the lift to verbal support by Russia and Saudi Arabia. Prices were still headed for a seventh straight weekly loss.
Loonie Struggling Amid Weaker GDP and a Cautious BoC
04:02am, Friday, 08'th Dec 2023
The Canadian dollar has declined against the greenback this week as the Bank of Canada kept rates on hold at 5%.
Oil Prices Forecast: Saudi's Call to Join Output Cuts Fuels Short-Covering Rally
01:51am, Friday, 08'th Dec 2023
Despite Saudi and Russian calls for OPEC+ cuts, oil prices face their seventh straight weekly decline ahead of US jobs report, Fed decisions.
Oil prices head for weekly decline on signs of weakened Asian demand
08:52pm, Thursday, 07'th Dec 2023
Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude
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