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Oil Prices Slide As OPEC+ Postpones Output Meeting, Delays Decision On Supply Adjustments
Wednesday, November 22, 2023 - 2:02pm | 398Read More...Oil prices fell on Wednesday, as OPEC+ producers decided to delay their 187th meeting on output. Crude, Brent, USO Down No reason was cited for the schedule shift. Originally planned for the coming weekend (Nov. 25, 26), the gathering will instead be held on Thursday, Nov. 30. Crude oil futures...
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OPEC To Discuss Deeper Production Cuts To Underpin Volatile Oil Prices
Monday, November 20, 2023 - 2:32pm | 490Read More...Crude oil prices rose on Monday following reports that the Organization of Petroleum Exporting Countries (OPEC) and its allies will discuss further cuts in output at its upcoming meeting this weekend. What Happened: OPEC could cut production by an additional 1 million barrels a day over the 5...
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Oil Hits 1-Week Low As EU Eases Russian Sanctions, US Demand Concerns Grow
Monday, July 25, 2022 - 12:07am | 323Read More...Oil fell in Asia trading on Monday morning, dragged by the European Union (EU) easing sanctions on Russian oil and growing demand concerns in the United States ahead of a possible rate hike later this week. Price Movement: West Texas Intermediate (WTI) futures fell 0.8% and were...
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'Deflationary Undercurrent': Stock Market Update For The Week Ahead
Monday, September 7, 2020 - 9:40am | 2091Read More...The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...
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Bull And Bear: Crude's Late-2018 Rally
Monday, September 10, 2018 - 10:17am | 787Read More...Following a tumultuous 2017, WTI crude oil circa 2018 has managed to do something it hadn’t done in three years: breach $70. This year even saw crude accomplish the arguably more difficult feat of remaining above the $60 for the better part of a year, something not seen since the commodity...
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One Key To Extending Your Longevity? Avoid Crude Oil Future Trades
Thursday, August 10, 2017 - 1:42pm | 508Read More...JC Parets, the author of AllStarCharts, stopped by PreMarket Prep Thursday to discuss, among other things, S&P futures and crude oil futures. Here are the highlights. S&P Futures "We broke out of that 2450 level in July, and that was a big deal. That 2450 in the S&P 500 is a...
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Crude Oil Futures: Streaky And Freaky
Tuesday, August 23, 2016 - 11:49am | 284Read More...Crude oil futures have been one of the most volatile trading instruments in the market lately. Wild $1–2 swings during the trading day give way to even larger swings in overnight sessions. Intra-day dips and spikes have come on hard and strong, giving traders plenty of openings. Over the last...
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Crude Oil Rebounds From 6-Year Low
Monday, December 14, 2015 - 2:59pm | 69Read More...Crude Oil futures are now trading higher by $0.54 at $36.16 in Monday's session. Earlier in the session, it traded down to $34.53, which marks the lowest level for the contract since February 2009. The ensuing rally has taken the issue back into the $36 handle, but has found resistance in a...
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3 Reasons For The Drop In Crude Oil From Adam Sarhan
Friday, October 3, 2014 - 1:53pm | 460Read More...Adam Sarhan, founder and CEO of Sarhan Capital, said that the entire energy complex has shifted considerably over the past six to eight weeks. His company is short in crude, and he joined Benzinga’s #PreMarket Prep to talk about the recent dip in crude oil futures markets. Geopolitical...
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Concern Over Economy Rises; Oil Slips
Monday, August 30, 2010 - 2:47pm | 118Read More...Crude oil futures slipped on Monday amidst growing investor concern over an economic slowdown. Crude for October delivery slipped 40 cents, or 0.53%, to $74.77 a barrel on the New York Mercantile Exchange. The Commerce Department reported a lower-than-expected rise in incomes and a decline in the...
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Crude Oil Futures Edged Higher Today
Friday, June 18, 2010 - 3:05pm | 170Read More...Crude oil futures gained today. Profit-taking was witnessed on Wall Street with no economic news on the forefront. The session remained a bit volatile today as investors braced themselves for quadruple witching; the expiration of four different types of futures and options contracts. The front-...
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US Crude Climbs Helped By US Dollar
Monday, January 25, 2010 - 3:27pm | 144Read More...US crude oil futures were volatile today, as a weak dollar supported the rise and expectations of mild temperatures played a spoilsport. The demand for heating oil in the US is expected to be 2% below normal, with the National Weather Service forecasting moderate temperatures in the US Northeast....
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Crude Oil Takes A Hit As US Dollar Gains Ground
Thursday, January 21, 2010 - 3:25pm | 101Read More...Crude oil today fell the most in the week, with the US dollar strengthening further, reducing the appeal of commodities. Speculations of an increase in US inventories also exerted pressure on oil prices. Oil dropped up to 2.6% today, as the US dollar climbed against the euro after Greece's bonds...
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Asian Dragon Concerns Exert Pressure On Oil Futures
Wednesday, January 20, 2010 - 1:51pm | 169Read More...A report in the China Securities Journal renewed investor concerns over a potential slowdown in commodity demand, prompting them to shed riskier assets and scurry for safe investments. A strengthening of the greenback added to the pressure, resulting in crude futures sliding today. Light, sweet...
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Crude Oil Futures Lose Ground On Stock Buildup
Wednesday, January 13, 2010 - 8:07am | 109Read More...Crude oil futures extended their losses for a third day today after industry data indicated that distillate stocks, including heating oil, increased unexpectedly, despite cold weather conditions. Worries that tighter credit in China might curb the commodity appetite of the world’s second largest...
