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At Close: Jun 03, 2026

Oil edges lower, extending last week's slump

08:08am, Monday, 24'th Apr 2023
Oil futures edged lower early Monday, with crude attempting to find its footing after dropping sharply last week on worries about the economic outlook.
Weighing on WTI oil prices on the opening were concerns about rising interest rates, the global economy and the outlook for fuel demand.
Oil futures posted a gain for Friday's session, but lost more than 5% for the week. “Flash service PMI reports from overseas were pretty good, and overseas flash manufacturing PMI reports weren't te
Crude oil markets have fallen rather hard during the week to fill the gap, but at this point we still have quite a few questions asked.
WTI likely to trade in the $75-$80 range amid recession fears; China's oil demand uncertainty adds to market concerns.
Oil futures steadied Friday, but were on track for big weekly losses as worries about the economic outlook stoked demand worries.
Oil prices have faced sustained falls this week as looming recessionary fears in the US continue to undo rises caused by OPEC's production cut announcement early this month. Brent sat as low as US$80.
Three years to the day, U.S. benchmark West Texas Intermediate crude futures settled at a negative price for the first time on record. The oil market is again struggling with signs of a slowdown in th

U.S. oil prices settle at a nearly 3-week low

02:54pm, Thursday, 20'th Apr 2023
Oil futures fell Thursday, with U.S. benchmark prices settling at their lowest in almost three weeks, pressured by ongoing worries about a recession that could lead to a decline in energy demand. May
Inflation concerns peaked last year when agriculture and oil prices peaked. This year has seen inflation fears subside as key price inputs fall.
WTI crude oil prices fall to three-week low amidst stronger dollar and rate hike expectations, despite lower US crude stocks.
Oil futures declined Wednesday, with U.S. benchmark prices settling below $80 a barrel – at their lowest in more than two weeks as traders continued to show concern over the outlook for energy deman
Crude oil markets have fallen a bit during the early hours on Wednesday, showing a potential drop coming to fill a gap.

Oil resumes slide on demand worries

07:43am, Wednesday, 19'th Apr 2023
Oil futures fell early Wednesday, unable to find support after industry data showed a fall in crude and product inventories as investors continued to fret over the demand outlook.
Oil futures finished slightly higher Tuesday after losing more than 2% in the previous session. Details behind China's impressive first quarter included lackluster March industrial output and a key Ge
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