Crude oil futures dip on profit-taking after 3-day bull run
Crude oil futures dipped in mid-morning trade in Asia Dec. 24 as investors booked profits after a three-day bull run that pushed oil prices to highs not seen since late Continue Reading
Oil Trims Weekly Gain Amid Low Liquidity Heading Into Christmas
Brent oil fell as as trading volumes thinned moving into the holiday period, but still headed for a weekly gain on signs that the omicron variant of the virus may Continue Reading
Oil Holds Near Four-Week High as Omicron Vies With Inventories
Oil held near the highest settlement in four weeks as traders weighed falling U.S. crude stockpiles against the threat to demand from the omicron virus variant. Futures in New York Continue Reading
Crude oil futures climb for third day amid easing COVID-19 worries
Crude oil futures rose in mid-morning trade in Asia Dec. 23, on track for a third straight day of gains, as emerging studies continued to downplay the severity of the Continue Reading
Oil Holds Near Four-Week High as Omicron Vies With Inventories
Oil held near the highest settlement in four weeks as traders weighed falling U.S. crude stockpiles against the threat to demand from the omicron virus variant. Futures in New York Continue Reading
OIL FUTURES: Crude extends rally on US inventory draw, easing omicron fears
Highlights US crude stocks fall 4.72 million barrels Refinery demand hits four-month high Omicron fears eases as US, UK rule out lockdowns Crude futures settled higher for a second session, Continue Reading
Oil Steadies on Thin Trading and Conflicting Demand Signals
Oil steadied as investors weighed mixed demand signals and trading volumes thinned moving into the holiday period. Futures in New York traded just below $72 a barrel after rallying on Continue Reading
Crude oil futures extend gains as risk-on sentiment remains intact
Crude oil futures moved higher in mid-morning trade in Asia Dec. 22, extending sharp overnight gains, as risk-on sentiment grew amid signs that the US and UK were not headed Continue Reading
Oil Prices Rise As API Confirms Crude Inventory Draw
This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.670 million barrels. U.S. crude inventories have shed some 65 million barrels since the Continue Reading
Oil Steadies on Thin Trading and Conflicting Demand Signals
Oil steadied as investors weighed mixed demand signals and trading volumes thinned moving into the holiday period. Futures in New York traded just below $72 a barrel after rallying on Continue Reading