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7 hours ago · NEW YORK (Reuters) -Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the chances that the Federal Reserve will start to cut interest rates this year. Brent crude futures for August settlement, which expired on Friday, settled up 2 cents at $86.41 a barrel. U.S. West Texas Intermediate ...
1 day ago · The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil
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9 hours ago · WTI US Crude Oil snapped into a fresh eight-week high of $82.31 on Friday before backsliding into downside chart territory for the trading week’s final session, wrapping up the week battling the ...
1 day ago · Daily WTI Oil (USOIL) WTI crude prices fell by 18 cents, settling at $81.56 a barrel, reflecting a 0.22% drop. The dip was influenced by weak U.S. gasoline demand, which fell to 8.83 million ...
1 day ago · Firm Fed rate-cut prospects have improved Oil price appeal. Upside risks to the widening Middle East crisis have stemmed supply concerns. West Texas Intermediate (WTI), futures on NYMEX, post a fresh eight-week high near $82.00 in Friday's European session.
1 day ago · Canada's primary stock index ended lower for a 3rd straight day on Tuesday as a drop in oil costs weighed on energy shares and financiers waited for a crucial U.S. inflation report that could form expectations for Federal Reserve interest rate cuts. The Toronto Stock Exchange's S&P/ TSX composite index ended down 15.83 points, or 0.1%, at 22,243.34, extending its decline because notching a ...
7 hours ago · Energy companies rose on a continued rally in oil prices on expectations for a rise in summer fuel demand. EnCap Investments' $2.55 billion sale of oil-and-gas assets in Utah's Uinta Basin shows...
