Update: WTI Crude Falls Off a Seven-Week High Despite High Summer Demand
West Texas Intermediate (WTI) crude oil closed lower on Friday, falling off a seven-week high despite robust summer demand. WTI crude oil for August delivery closed down US$0.72 to settle at US$83.16
U.S. Drilling Rigs Rise for First Time in Seven Weeks, Baker Hughes Says
August WTI Crude Oil Contract Closes Down US$0.72; Settles at US$83.16 per Barrel
02:33 PM EDT, 07/05/2024 (MT Newswires) -- August WTI Crude Oil Contract Closes Down US$0.72; Settles at US$83.16 per Barrel
Reported Earlier, U.S. Baker Hughes Oil Rig Count Unchanged At 479 Total; U.S. Baker Hughes Gas Rig Count +4; U.S. Baker Hughes Total Rig Count 585 Vs 581 Prior
Reported Earlier, U.S. Baker Hughes Oil Rig Count Unchanged At 479 Total; U.S. Baker Hughes Gas Rig Count +4; U.S. Baker Hughes Total Rig Count 585 Vs 581 Prior
Sector Update: Energy Stocks Edge Higher Premarket Friday
Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.2% and the United States Natural G
Oil Steady Near a Seven-Week High on High Summer Demand
Oil prices were mostly steady early on Friday, sticking near a seven-week high on robust summer demand. West Texas Intermediate crude oil for August delivery was last seen down US$0.01 to US$83.87, wh
Exchange-Traded Funds Edge Higher, Equity Futures Mixed Pre-Bell Friday as Investors Await Hints About Potential Rate Cuts
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as investors wait for th
Crude Oil Prices Edge Higher Amid Strong Mobility Indicators, Geopolitical Tensions, ANZ Bank Says
Crude oil prices edged higher as market sentiment remains supported by strong mobility indicators and ongoing geopolitical tensions in the Middle East, ANZ Bank said in a Friday note. The U.S. Energy
WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited
West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.
U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com
Growing U.S. oil production has played an enormous role in the energy market since the pandemic.
Midday Crude Oil Analysis: Brent Crude Oil futures prices have fallen, and hurricane intensity has weakened.
Hurricane Beryl has weakened to a Category 2 hurricane with maximum sustained winds of 110 miles per hour. The storm is expected to reach the Yucatan Peninsula in Mexico on July 5th, bringing heavy rain, hurricane force winds, and storm surges.
Facing Non-Farm Payrolls: the first heavy data of trade in the second half of the year!
Why does the Non-Farm Payroll data tonight once again affect the nerves of global financial markets and traders?
Update: Oil Edges Higher in Holiday Trade as Falling U.S. Inventories Raise Demand Hopes
(Updates prices.) Oil prices moved higher in light holiday trade midafternoon on Thursday after a day-prior report showed U.S. oil inventories last week fell by the most in a year. West Texas Intermed
Oil Falls Off a Near Seven-Week High in Holiday Trade Despite Falling U.S. Inventories
Oil prices weakened in light U.S.-led holiday trade early on Thursday, falling off a near seven-week high set after a report showed U.S. oil inventories last week fell by the most in a year. West Texa
Market concerns are being triggered by the poor implementation of production cuts. OPEC+ urges member countries to make up for quota cheating.
In the effort to support the global oil market, OPEC+ is pushing member countries to make up for cheating on supply quotas. However, there is little indication that they are changing.
Saudi Arabia's non-oil PMI index in June hit a new two-year low, while the UAE hit a new 16-month low.
1. In Saudi Arabia, the non-oil private sector PMI index fell to 55.0 in June, the lowest level since January 2022; 2. In the UAE, the growth of non-oil private sector has slowed to a 16-month low.
U.S. Crude Oil Stocks Decline by 12.2 Million Barrels on Week, EIA Reports
U.S. crude oil inventories declined by 12.2 million barrels to 448.5 million barrels in the week ended June 28, the U.S. Energy Information Administration said in its This Week in Petroleum report on
Crude Oil Prices Hold Steady Amid Signals of Strong Seasonal Demand, ANZ Bank Says
Brent crude oil prices held steady above US$86 per barrel on a larger-than-expected withdrawal from U.S. oil inventories, signaling strong seasonal demand, ANZ Bank said in a Thursday note. U.S. oil s
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0112 GMT - AGL Energy should continue to benefit from higher pow
U.S. Oil Price Climbs to Highest Since Mid-April on Sharp Draw in Inventories