Crude

Crude oil prices remained little changed today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3.This compared with a build of 7.3 million barrels estimated for…

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Weekly Light Crude Oil Futures Economic Indicators and Market Impact The oil markets suffered their steepest weekly losses in three months, prompted by disappointing U.S. job data and uncertainty surrounding Federal Reserve interest rate…

Wall Street Inches Up After Powell's Inflation Remarks; Chipmakers Rebound; Gold, Crude Falter: What's Driving Markets Thursday?U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all…

The WTI crude oil market has initially fell during the trading session here on Thursday, but then turned around as we bounced from the 50 day EMA.At this point, I think we have just got a little oversold and we are starting to dig into a…

(Reuters) -Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S.…

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WTI crude oil briefly surpassed the $85 mark, a first since November, before experiencing a slight decline. Despite this, it is likely to end the week over 3% higher due to increased demand from American refiners. The shift from…

Following days of falling prices, U.S. benchmark crude oil prices are trading up 3% on Wednesday on sentiments of tight supply and signals from the Federal Reserve that we can still anticipate interest rate cuts in 2024. At 11:40…

We don't see any reason to short this market and think that we may go much higher if the WTI market keeps rising and breaks above the $80 level. The crude oil markets are still rather agitated, with a drop during Tuesday's early…