Despite China announcing $50b in reciprocal tariffs, stocks soared during the US session. Meanwhile, EIA oil inventories dropped, boosting crude oil prices after they fell earlier.
Crude oil prices could face a trend line from 2017 while gold prices attempt a push lower as we head into the US ISM non-manufacturing and EIA inventories data.
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 93 billion cubic feet for the week ended March 9. Analysts surveyed by S&P Global Platts had forecast a decrease […]
Crude oil prices may face selling pressure even if official EIA inventory flow data echoes supportive private-sector estimates as sentiment sours across financial markets.
Crude oil prices snapped three-day losing streak on Friday but the move higher may stall as EIA drilling productivity data points to swelling US output.
Crude oil prices rose alongside stocks as markets brushed aside a worrying Italian election and trade war jitters. Incoming API and EIA data may disrupt momentum however.
U.S. oil prices were mixed following three consecutive days of declines, but any increases were capped as Asian share markets showed weakness on the back of a selloff in Wall Street after report of a […]
Oil prices extended gains, propped-up by indications of stronger demand, strong production curbs led by OPEC and a slight decline in U.S. production. U.S. WTI crude traded up 4 cents at $63.95 per barrel. The […]
Crude oil prices may find a lifeline if EIA inventory flow data echoes upbeat private-sector estimates having fallen amid fears of aggressive Fed interest rate hikes.
U.S. crude stocks rose less then expected last week, while gasoline stocks rose by more than analysts had forecast as refineries cut output, data from the Energy Information Administration showed on Wednesday. Crude inventories rose […]