U.S. benchmark crude log a nearly 5% weekly loss Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and ...
The ICE U.S. Dollar Index DXY, a measure of the currency against a basket of six major rivals, is on track for a 1.5% weekly rise and traded at its highest in a year. A rising dollar can be a negative ...
The U.S. Energy Information Administration lowered its Brent spot average price forecast for next year in its latest short ...
UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world's largest crude importer.
Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...
U.S. stocks finished mostly higher on Wednesday, with the S&P 500 barely eking out a gain, after October's consumer-price index came in cooler than some market participants had expected. The Dow ...
Crude oil price parred some of its losses on Wednesday’s trade while remaining close to the one-month low hit about two weeks ...
Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...
Oil prices were broadly stable despite ongoing investor disappointment over China’s stimulus plans and a stronger dollar, with investors awaiting the monthly OPEC and IEA reports, as any further ...
Brent crude oil prices have continued to slip, touching 71.74 USD a barrel on Tuesday. This marks a downturn influenced by ...