Oil extended losses after an industry report pointed to rising U.S. crude inventories, adding to bearish signs for the market.
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Oil price news: Oil drops in listless trading as spreads show physical weaknessOil fell, hovering near three-month lows, as key market measures flashed signs of weakness. Still, futures have remained rangebound as traders await the next catalyst.
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Oil price news: Oil inches down with market volatility measure near 2019 lowsOil edged lower on Tuesday in a rangebound market as attention turns toward the upcoming OPEC+ meeting that will set the group’s supply policy.
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Oil price news: Oil set to eke out weekly gain as supply and inflation set toneOil headed for a modest weekly gain as futures stayed in a narrow range, with the outlook for supply and inflation in focus.
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Oil price news: oil rises as shrinking U.S. stockpiles add to risk-on sentimentOil erased earlier losses to close higher, but remained within a tight range as traders weighed shrinking U.S. stockpiles and the outlook for inflation in the world’s largest economy.
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Oil price news: Oil dips in range with U.S. inflation and inventories in focusOil edged lower but remained within a tight range as traders weighed shrinking U.S. stockpiles and the outlook for inflation in the world’s biggest economy.
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Oil price news: Oil trades in narrow range as IEA trims 2024 growth forecastOil continued to trade in a narrow range on Wednesday as the International Energy Agency cut its 2024 forecast for demand growth by 140,000 barrels-a-day.
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