Update: WTI Oil Rises as Slowing U.S. Inflation Boosts Rate-Cut Hopes and Offsets a Gloomy Demand Forecast
West Texas Intermediate (WTI) crude oil rose on Thursday as a smaller than expected rise in U.S. consumer prices last month buoyed hopes for interest-rate cuts from the Federal Reserve and offset a
August WTI Crude Oil Contract Closes Up US$0.52; Settles at US$82.62 per Barrel
02:33 PM EDT, 07/11/2024 (MT Newswires) -- August WTI Crude Oil Contract Closes Up US$0.52; Settles at US$82.62 per
Fund Investors Have Added More to Bonds Than to Equities Year-to-date - DataTrek
Sector Update: Energy Stocks Edge Lower Premarket Thursday
Energy stocks were edging lower premarket Thursday with the Energy Select Sector SPDR Fund (XLE) down 0.1% recently.The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas
Oil Rises as Slowing U.S. Inflation Boosts Rate-Cut Hopes and Offsets a Gloomy Demand Forecast From the IEA
Oil prices rose early on Thursday as a smaller than expected rise in U.S. consumer prices last month buoyed hopes for interest-rate cuts from the Federal Reserve and offset a bearish demand forecast
Exchange-Traded Funds, Equity Futures Edge Lower Pre-Bell Ahead of Key Inflation Data
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.02% lower in Thursday's premarket activity, ahead of key
Asia And Europe Markets Advance, Dollar Retreats After Powell's Dovish Stance - Global Markets Today While US Slept
On Wednesday, July 10, U.S. stock markets closed higher, fueled by gains in Nvidia and other major stocks ahead of upcoming inflation data and earnings reports.The Nasdaq and the S&P 500 set
Commodity Roundup: ANZ Sees Lithium at 16k–18k/t by 2025; Gold Gains for Third Day
OECD Posts 4.1% Increase in April Production of Oil, Natural Gas and Refinery Feedstocks
The Organization for Economic Cooperation and Development reported a year-over-year increase of 4.1% in its production of crude oil, natural gas liquids and refinery feedstocks in April, the
U.S. Crude Oil Stocks Post Weekly Decline of 3.4 Million Barrels, EIA Reports
U.S. crude oil inventories dropped by 3.4 million barrels to 445.1 million barrels in the week ended July 5, the U.S. Energy Information Administration reported Wednesday.Crude oil production gained 2
Crude Oil Prices Rise on Signs of Strong Demand, ANZ Bank Says
Crude oil prices advanced amid signs of strong demand, driven by robust travel around the U.S. Independence Day holiday, ANZ Bank said in a Thursday note.Jet fuel demand rose to its highest level
Oil Stats Are All Over the Place; It's a Problem for Investors and Environmentalists Alike -- Barrons.com
To slow the most devastating impacts of climate change, countries will have to agree on how to move away from fossil fuels and toward cleaner alternatives. Today, the world's biggest energy organizations can't even agree on how much oil is already being used.
Crude Oil Snaps Losing Streak as July 4 Holiday Helped Demand for Gasoline, Jet Fuel
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Weekly Crude Inventories Unexpectedly Fall
Commercial crude stockpiles in the US posted a surprise draw last week as motor gasoline inventories declined, government data showed Wednesday.Inventories of crude, excluding the strategic
Express News | President Biden Seeks 4.5 Million Barrels For Strategic Oil Reserve
Oil Prices Log First Gain in 4 Sessions With Crude Supply Down a Second Straight Week
By Myra P. Saefong and William Watts China data sparks demand concerns, while OPEC leaves demand-growth forecast unchanged Oil futures finished higher on Wednesday for the first time in four sessions,
August WTI Crude Oil Contract Closes Up US$0.69; Settles at US$82.10 per Barrel
02:33 PM EDT, 07/10/2024 (MT Newswires) -- August WTI Crude Oil Contract Closes Up US$0.69; Settles at US$82.10 per
Crude Oil Regains Some Track – TDS
Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.
Express News | Saudi Aramco Tightens Price Guidance To 110-115 BPs Over UST For 10-Year Bond