|Day's Range||1.7975 - 1.8455|
Investing.com - Oil prices dipped slightly on Tuesday, following the prior day’s surge, as the lull of news on the U.S.-China trade front kept big moves in check and markets prepared for weekly data on U.S. crude inventories.
Investing.com - Oil prices traded higher on Monday, lifted by positive remarks on Sino-U.S. trade talks and by reports of a new drone attack on an Saudi Arabian oilfield.
After all, the largest consumers of diesel fuel in the U.S. are transportation providers such as trucking and rail companies, whose primary purpose is to move freight. As they consume more fuel, demand increases, which puts upward pressure on the price. This is certainly a bit of an oversimplification as there are other factors involved such as taxes and production cost, but the general direction is clear, as freight demand increases so does the price of diesel.
Investing.com - Crude prices managed to edge higher on Friday despite a report showing the weakest growth in oil demand in 10 years, as expectations of additional Saudi-led supply cuts supported bulls.
Investing.com - Oil prices broke a five-day rally on Thursday as the Federal Reserve's first interest rate cut in a decade disappointed speculation on more aggressive action, pushing the dollar higher.
U.S. crude stocks fell by nearly 11 million barrels last week even as refineries cut output, following a similar report from a key industry group, the Energy Information Administration said on Wednesday. Crude inventories fell by 10.8 million barrels in the week to July 19, compared with analysts' expectations for a decrease of 4 million barrels. Brent crude gained 56 cents to $64.39 a barrel as of 10:54 a.m. EST (1454 GMT), while U.S. crude rose 61 cents to $57.38 a barrel.
Production shut-in and loss of imports forced by Hurricane Barry led to the stockpile draw with the world's biggest oil consumer even as lower refinery crude runs capped the decline.
Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures were down 69 cents, or 1.1%, to settle at $63.66 a barrel. U.S West Texas Intermediate (WTI) crude futures fell 84 cents, or 1.5%, to settle at $56.78 a barrel.
Oil futures settle lower on Thursday, shrugging off earlier gains even as a tropical storm in the Gulf of Mexico cuts oil output in the region by more than half. OPEC sees lower demand for its own crude oil next year, citing competition from the U.S.
The federal government's EIA report revealed that crude inventories plunged by 9.5 million barrels for the week ending Jul 5, more than 4.5 times what energy analysts had expected.
Investing.com - Oil prices held at a seven-week high on Thursday as storm worries in the Gulf of Mexico and heightened tensions in the Middle East outweighed OPEC’s forecast for a large crude surplus in 2020 as U.S. shale production continues to surge.
Oil prices rally Wednesday to highest since May, buoyed by data showing a fourth consecutive weekly decline in U.S. crude inventories and a weaker dollar after dovish comments from Federal Reserve Chairman Jerome Powell. A storm in the Gulf of Mexico has also raised expectations for disruptions to oil and gas production.
Oil futures tally a fourth straight session gain on Tuesday, buoyed by tensions with Iran and expectations for a weekly decline in U.S. crude supplies, though concerns about energy demand remain
Investing.com -- Oil prices traded higher on Tuesday as escalating tensions in the Middle East kept up supply-side risks and investors looked ahead to weekly U.S. inventory data.
Oil futures diverge Monday, with U.S. prices up a third straight session while global benchmark Brent finishes lower, as tensions with Iran, and the possibility of disruptions to oil flow in the Middle East, increase, but concerns surrounding energy demand remain.
Oil futures climb Friday as tensions in the Middle East grow, but prices suffer their first weekly loss in three weeks as energy-demand worries persist.
Strong refiner demand led to the stockpile draw with the world's biggest oil consumer even as the magnitude was far less than what energy analysts had expected due to sharply higher imports.
Investing.com - Crude oil prices were mixed on Friday but were on track for sharp weekly losses as concerns over demand outweighed the extension of the OPEC-led production cut agreement and ongoing tension in the Middle East.
Oil futures end higher Wednesday, after posting a roughly two-week low Tuesday, as U.S. government data show domestic crude supplies were down a third straight week, though fell less than forecast.
Oil futures slump Tuesday to lowest price in nine trading says, erasing gains following news of extended OPEC-led production cuts.
Investing.com - Oil prices fell on Tuesday as concerns over demand in a slowing economy outweighed the passage of an extension of output cuts by OPEC and its allies.
Oil futures settle higher on Monday, then hold onto most those gains in electronic trading, after OPEC said it has officially agreed to extend production curbs by nine months and fully supports a charter to formalize its alliance with non-OPEC producers.