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U.S. Drilling Rig Count Flat for Third Straight Week, Baker Hughes Says
United Sts 12 Month Oil Fd Lp Unit Ben Int | 10-Q: Quarterly report
Commodity Roundup: Oil Set for Weekly Gain; China Stimulus Plans in Focus
Trump's Middle East global strategy exposed!
Trump may once again impose 'maximum pressure' on Iran, sanction Iranian oil, strongly support Israel's strikes on Iranian nuclear and energy facilities.
OPEC+ has extended the duration of production cuts, the decrease in supply is helping the oil price bottom rebound.
The overall trend of crude oil is showing a volatile upward trend. The average price of WTI this week is $70.78 per barrel, up $1.75 per barrel, or 2.53%, from the previous week. During the week, the main factors boosting oil prices include: OPEC+ extending production cuts, hurricanes leading to a reduction in US oil production, and ongoing uncertainty in the Middle East geopolitical situation. The main factors putting pressure on oil prices include: EIA's increase in crude oil and petroleum product inventories.
Crude Oil Prices Bounce as Market Weighs Potential Trump Policy Impacts