A Rare Bullish Bounce In Oil Markets
While oil market sentiment has been and remains decidedly bearish, Friday has seen a rare bullish bounce after the rig count fell once again and China released some positive manufacturing Continue Reading
Oil rises nearly 4% on U.S.-China trade hopes, but sets weekly decline
Oil prices rose nearly 4% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers. Continue Reading
US and OPEC supply has ‘extinguished’ any remaining upside potential for oil prices, analyst says
An increase in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according to one analyst, with crude futures on track to register a Continue Reading
Oil rises on Chinese factory data but set for weekly loss
Oil prices rose on Friday but remained on track for a weekly loss as a surprise bounce in Chinese manufacturing activity calmed investors’ worries about progress in U.S.-China trade talks. Continue Reading
Oil Tumbles As Trade War Hopes Fade
Oil erased earlier gains and traded lower on Thursday morning after weak Chinese industrial data and renewed pessimism about the U.S.-China trade talks added to a rise in U.S. oil Continue Reading
Economic Uncertainty Leaves Oil Markets Paralyzed
The Federal Reserve cut interest rates again this week, but signaled that it may be done cutting for the time being. It was the third interest rate cut this year, Continue Reading
NYMEX natural gas inches lower after higher than expected storage build report
The NYMEX front-month natural gas contract settled 4.80 cents lower in Thursday trading after the storage build report announced by the US Energy Information Administration was higher than expected. The Continue Reading
Crude futures rise after pipeline spill, but uptick remains capped
Crude oil futures recovered in mid-morning trade in Asia Thursday following news of a Cushing Hub pipeline spill, but bearish market drivers continue to cap the uptick. At 11:45 am Continue Reading
Crude settles lower following 5.7 million-barrel inventory build
Crude futures fell Wednesday after the US Energy Information Administration reported a 5.7 million-barrel build in crude inventories for the week that ended October 25. ICE front-month Brent settled at Continue Reading
Oil Prices Fall As EIA Reports Large Crude Build
The Energy Information Administration reported a crude oil inventory build of 5.7 million barrels for the week to October 25, pressuring oil prices a day after the American Petroleum Institute Continue Reading