|Day's Range||1.8064 - 1.8364|
Investing.com - Oil prices struggled for direction on Friday, but headed for a weekly decline as fresh signs of expectations for weak demand and a forecast for strong supply growth next year more than offset the tension caused by suspected attacks on tankers off the coast of Iran.
Oil futures rally Thursday, as an apparent attack on two oil tankers near the Strait of Hormuz, raises concerns over the global flow of oil, but prices fail to recoup their losses from a day earlier, when they settled at their lowest in five months.
The federal government's EIA report revealed that crude inventories rose by 2.2 million barrels for the week ending Jun 7 to a nearly 2-year high.
Investing.com - Oil prices surged on Thursday as suspected attacks on tankers in the Gulf of Oman eclipsed the fact that OPEC cut its forecast for global demand and recognized “significant downside risks”.
Oil prices on Wednesday log their lowest finish since January as U.S. crude supplies climbed a second week in a row and concerns about energy demand persisted on the back of growing U.S.-China trade tensions.
Oil prices make only modest moves on Tuesday, settling roughly unchanged for the session, as traders weigh uncertainty surrounding a supply decision by OPEC and its allies, ahead of a report that’s expected to reveal a modest, second-straight weekly rise in U.S. crude supplies.
Investing.com - Oil prices climbed higher on Tuesday as greater optimism over the economic outlook and expectations for an extension of OPEC-led production cuts outweighed concerns about the impact of various U.S. trade disputes.
Oil futures finish lower on Monday as investors keep an eye on U.S.-China trade tensions against a backdrop of worries over global demand, and uncertainty surrounds Russia’s decision on output cuts.
Investing.com - Oil prices attempted to bounce back from five-month lows on Tuesday, with U.S. crude wavering between gains and losses in early-morning trade.
Investing.com - Oil prices flirted with bear market territory on Tuesday as intensifying risks of a global recession from trade tensions caused worries that demand for crude would inevitably be damaged.
Investing.com - Oil prices sank by more than 1% on Friday, putting crude on track for its worst monthly decline since November, as U.S. President Donald Trump added further fuel to trade conflicts with new tariffs on Mexico.
Oil futures settle higher Friday, recouping a small portion of recent losses, but a day after posting their biggest one-day loss since December, prices see their worst weekly performance of the year.
The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero Energy, Marathon Petroleum and Continental Resources
Oil futures suffer their largest single-session loss of the year on Thursday, dropping to the lowest settlement in roughly two months as the potential for a lengthy U.S.-China trade standoff leads to a broad aversion to assets perceived as risky, knocking down global equities.
The federal government's EIA report revealed that crude inventories rose by 4.7 million barrels for the week ending May 17 to a 22-month high.
Oil prices drop Wednesday after U.S. government data reveal a hefty weekly increase in domestic crude stockpiles, defying expectations for a decline.
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration said on Wednesday. Crude inventories rose 4.7 million barrels in the week ended May 17, compared with analysts' expectations for a decrease of 599,000 barrels. In particular, refining usage in the Midwest fell to its lowest levels in May since 2013.
U.S. prices settle lower Tuesday as U.S.-China trade woes weigh on energy-demand prospects; however, Mideast tensions provided some support for the global benchmark.
Exporting natural gas by setting up large liquefication plants is a very capital-intensive undertaking, with each unit running up multi-billion-dollar bills.
Oil settles on a mixed note Monday, with U.S. crude up for the session but global benchmark prices shifting lower by the close as traders weigh signs that OPEC will decide to extend its production-cut agreement against ongoing worries about energy demand.
Crude futures saw some headwinds in the last two weeks, but with driving season approaching fast, crack spreads are drawing a bullish image for the crucial energy commodity
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Marathon Petroleum and Continental Resources