Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. Brent crude futures were down 30 cents,
Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday.
Crude oil futures gain traction late in a light trading session ahead of the U.S. July 4 holiday. There was little initial reaction to the EIA's report of a bigger-than-expected 12.2 million barrel drop in U.
Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro zone capped gains. Brent crude futures edged up 14 cents,
Crude oil futures held firm on Wednesday as traders waited for the latest round of U.S. inventory data for signs of whether gasoline demand is picking up. U.S. crude oil gained about 6% last month on expectations of a tighter third quarter with stockpiles forecast to draw down as summer fuel demand picked up.
After slipping to $73 a barrel, oil prices have steadily climbed upward. Hussein Allidina, MD and Head of Commodities at TD Asset Management, explains why there's more upside for oil prices.
Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East. Brent crude futures edged up 46 cents,
Oil prices rise, trading around two-month highs on geopolitical tensions and optimism around seasonal demand ahead of the Fourth of July holiday. Brent crude is up 0.55% at $87.08 a barrel, while WTI trades 0.
The American Petroleum Institute reportedly shows a draw of 9.16M barrels of oil in U.S. commercial stockpiles for the week ending June 28. Gasoline inventories reportedly show a build of 2.47M barrels for the week,
Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving season in the top oil consuming nation.
Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth.