WTI Crude Oil Bounces Off Weekly Lows to Trade Above $109
The price of oil bounced off the current weekly lows of about $104.54 to trade above $109 after the latest round of data. The light…
Posts Tagged: Brent Oil
US Crude Pares Losses As Oil Rig Count Slips Below 200
Crude oil futures are paring their losses on Friday after the latest US government data reported that the domestic rig count slipped below 200 for…
US Crude Slumps on Supply Build, OPEC Concerns
Crude oil futures are slumping in the middle of the trading week, driven by a larger-than-expected increase in US inventories. Oil is also continuing its…
Canadian Dollar Weakens on Steep March GDP Contraction, Capped by Energy Rally
The Canadian dollar is weakening against its G10 currency rivals at the end of the trading week, driving by a steep collapse in the gross…
Crude Oil Surges 5% on Falling Rig Count, Set to Record 90% Gain in May
Crude oil futures rallied as much as 5% to finish the holiday-shortened trading week, buoyed by a decrease in the total rig count. Overall, US…
US Crude Extends 132% Rally As Supplies Decline for Second Week
Crude oil futures are extending their gains midweek after the US government reported the second consecutively weekly decline in domestic inventories. With output sliding and…
US Crude Crashes Nearly 30% As Oil Storage Levels Fill
Crude oil futures are extending their losses to start the trading week, crashing nearly 30% to below $13. Storage levels are driving the downward trend…
US Crude’s May Contract Crashes 200% to Negative Territory
Crude oil futures are crashing to kick off the trading week as supply and demand strangle the energy sector. In a once-in-a-lifetime turn of events,…