Tag Archives: Oil

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal Reserve rate cuts, creating greater caution in interest rate-sensitive sectors. Meanwhile, the Nasdaq is setContinue Reading

Key Points:  This article is a follow-up to: Why crude oil futures may continue their spiral downwards in May  Both Brent and WTI crude futures experienced significant declines. Brent crude futures (Symbol: UKOUSDft-E) fell toward $81 per barrel, while WTI crude futures dropped to $76 per barrel (Symbol: CL-OIL), continuing their respective four-session losing streaks. Continue Reading

Key Points:  On Tuesday, both Brent and WTI crude oil futures experienced declines. Brent crude oil futures (Symbol: UKOUSDft-V) fell toward $83 per barrel, while the WTI crude oil futures (Symbol: CL-OIL) dropped to $78 per barrel, marking continued losses.   SEE: Crude oil experiences downward trend on the VT Markets app. Market participants are closelyContinue Reading

Key points: Oil prices edged higher in early Asian trading on Monday, adding to last week’s gains. This increase came as rescuers searched for Iran’s President following a helicopter crash in the oil-producing nation and as the U.S. moved to replenish its national stockpile. Picture: Oil prices on the rise as seen on VT MarketsContinue Reading

Key points: Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain in three weeks due to signs of improving demand from key consumers China and the United States. Picture: Oil prices on the rise as seen on VT Markets app. Brent and WTI crude futures edge higher Brent crudeContinue Reading

Key Points:  WTI oil supply chain disruption in May 2024 WTI crude futures showed a marked recovery, heading toward $79 per barre. This price movement is partially due to wildfires in Canada that have posed a significant threat to the country’s oil sands industry, capable of producing 3.3 million barrels per day. This disruption hasContinue Reading

Key points 9th May 2024 – On Thursday, oil prices experienced a moderate increase in early trading, driven by a decrease in U.S. crude inventories and growing optimism about potential interest rate cuts by the Federal Reserve. Brent crude for July delivery climbed by 23 cents to $83.81 a barrel, while U.S. West Texas IntermediateContinue Reading

Key points: Global stock markets experienced a significant rally on Monday, driven by the anticipation that major central banks might implement rate cuts later this year. This sentiment was further bolstered by a softer-than-expected U.S. labor market report last Friday, prompting traders to anticipate potential easing of monetary policy by the Federal Reserve as earlyContinue Reading

Key points: Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while U.S. West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7%. Last week, both futures contracts posted their steepest weekly loss in three months with Brent falling more than 7% and WTIContinue Reading

Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal impact on oil supplies from the ongoing Israel-Hamas conflict. Picture: Oil prices rising as seenContinue Reading