United States Oil (USO) investors focus on data from the Energy Information Administration due out today Brent crude futures were at $62.60 a barrel by 0330 GMT, down 36 cents, or 0.6%. Brent settled up 1.3% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.5%, to $56.94 per barrel, having […]
United States Oil (USO) on U.S.-China hopes, improved demand outlook Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month. Brent crude futures gained 47 cents to settle at $62.17 a barrel. US West Texas […]
United States Oil (USO) production continues to soar despite the falling oil rig count Crude oil futures were lower in mid-morning trade in Asia Monday, retracing gains from last Friday after US crude production was reported to have hit a fresh record high of 12.4 million b/d. “US crude oil production continued to soar despite […]
United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand. U.S. […]
United States Oil (USO) extending losses after a surge in U.S. inventories surprised investors Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve. Brent crude futures were down 6 cents at $60.55 a barrel by 0033 […]
United States Oil (USO) traders revive fears about sluggish demand amid the thought of more abundant supplies Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories. Brent […]
United States Oil (USO) prices slightly lower as investors awaited U.S. crude inventory data for a pointer on oil demand trends Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war […]
United States Oil (USO) Don’t Bet on a Rally Just Yet Oil bulls are rebuilding their positions, but it will probably take some major news to shake the market out of its current mood and trigger a sustained rally. Money managers boosted their net-long position on West Texas Intermediate crude for the first time since […]
United States Oil (USO) further market-supporting action by Opec and its allies offset some concern over the outlook for demand Oil prices extended their gains on Thursday, with Brent rising above US$61 a barrel as a surprise drop in US crude inventories and the prospect of further market-supporting action by Opec and its allies offset […]
United States Oil (USO) prices mark highest finish in a month as U.S. supplies post surprise weekly drop Oil futures marked their highest finish in about a month on Wednesday, after a U.S. government report showed an unexpected weekly decline in U.S. crude supplies — the first in six weeks. With refiners set to ramp […]
United States Oil (USO) prices rose overnight after the Chinese government signalled that progress had been made in trade talks Oil prices rose overnight after the Chinese government signalled that progress had been made in trade talks with the United States but crude’s gains were capped by forecasts of a build up in US stockpiles. […]
United States Oil (USO) fell after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, feeding worries that a slowing global economy would reduce […]
United States Oil (USO) rises, supported by US fuel stock draws but weighed by crude build Oil prices rose about 1 per cent on Thursday after draws in US fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures. Global benchmark Brent crude rose 49 […]
United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. Global benchmark […]
United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a […]
United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism Oil prices fell sharply on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a […]
United States Oil (USO) prices ease on scant details of U.S.-China trade deal Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged […]
The OPEC oil cartel saw its crude production fall in September, mostly due to production falling in Saudi Arabia following attacks on its oil infrastructure, according to its monthly oil report released on Thursday. The Organization for the Petroleum Exporting Countries said its production fell to an average of 28.49 million barrels per day (mbd) […]
United States Oil (USO) currently driven by sentiment rather than the real fundamentals Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of the world’s largest independent oil and commodity trading groups said on Wednesday. The […]
United States Oil (USO) settles with a loss as Fed minutes raise economic worries U.S. oil futures settled slightly lower Wednesday, giving up earlier gains, as minutes from the Federal Reserve’s September meeting raised worries about the economy and government data revealed a fourth straight rise in domestic crude supplies. Prices had moved higher earlier […]
United States Oil (USO) slipped as tensions escalated between the United States and China Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand. U.S. industry data showing a bigger-than-expected rise […]
United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China […]
United States Oil (USO) edges higher but on track for big weekly loss Oil futures edged higher on Friday but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks. Brent crude oil futures […]
United States Oil (USO) drops to 2-month low on economic woes Oil futures declined, with U.S. and global benchmark prices logging their lowest finish in about two months, as downbeat economic data weighed on prospects for energy demand, and domestic crude stockpiles registered a third straight weekly climb. The U.S. added a modest 135,000 private-sector […]
United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook Oil prices slipped on Tuesday, pressured as weak US economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further. Brent crude futures lost […]
United States Oil (USO) trims losses U.S. oil prices trimmed their losses on Thursday and global benchmark prices finished higher, as the Pentagon announced that it would deploy equipment and personnel in support of Saudi Arabia following attacks on its oil facilities earlier this month. Oil futures had suffered from steeper declines for much of […]
United States Oil (USO) finishes lower as U.S. supplies rise a second straight week Oil futures finished with a loss on Wednesday as U.S. government data revealed a second weekly climb in domestic crude inventories. Also weighing on prices were news reports saying Saudi Arabia had restored most of crude production capacity, recovering from attacks […]
United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth. Trump sharply […]
United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a […]
United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure Oil prices rose slightly on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained 72 cents to $64.33 […]
United States Oil (USO) futures extend losses to a second session Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia’s output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of […]
United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]
United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]
United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]
United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]
United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 51 cents, or 0.6%, to […]
United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts Oil futures rose Monday, marking their highest settlement in almost six weeks, after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery CLV19, +0.40% rose $1.33, or 2.4%, […]
United States Oil (USO) prices edge up, but Brent prices decline Oil futures finished higher on Wednesday, with U.S. prices up a fifth consecutive session as government data showed that domestic crude inventories dropped for a seventh week in a row, the longest stretch of declines in a year and a half. Prices had also […]
United States Oil (USO) rises on expectations of Fed rate cut Oil prices rose on Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user. Meanwhile, […]
United States Oil (USO) traders will closely await updates on both the trade front and Fed policy Oil futures ended higher Monday, with analysts tying support to the planned resumption of trade talks between the U.S. and China as well as expectations the Federal Reserve will deliver a rate cut when it concludes its policy […]
United States Oil (USO) rebounded from its worst loss in a week Oil rebounded from its worst loss in a week as traders focused on tightening U.S. crude stockpiles while Europe’s Central Bank signaled it was teeing up stimulus for the flagging economy. Futures climbed as much as 2% in New York Thursday, after sliding […]
United States Oil (USO) slowing global growth added to demand concerns Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices. Brent crude futures were up 6 cents at $63.24 a barrel by 0053 GMT, after […]
United States Oil (USO) signs of rising tensions in the Middle East Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week. Signs of rising tensions in […]
United States Oil (USO) investors worried about possible supply disruptions in the energy-rich Middle East Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week. Brent crude futures climbed 66 cents a barrel, or 1.02% to $63.11 […]
Tensions in the Gulf have already pushed United States Oil (USO) prices slightly higher Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even […]
United States Oil (USO) prices reversed earlier gains Earlier gains for oil futures on the back of increased tensions in the Middle East gave way to sizable declines Thursday, pushing U.S. and global benchmark prices to their lowest settlements in a month. Prices reversed earlier gains, “reacting to the weakness in U.S. equities and over expectations of […]
United States Oil (USO) at two-week lows Oil futures marked their lowest finish in roughly two weeks on Wednesday, as U.S. government data revealed that domestic crude supplies fell for a fifth straight week, but the stocks were down by less than the market expected and product inventories climbed. August West Texas Intermediate crude CLQ19, +0.12% shed 84 […]
United States Oil (USO) State Secretary Pompeo says Iran is ready to negotiate about its missile program Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast. Brent crude futures were down $2.56 or 3.7% […]
United States Oil (USO) makes it to Ukraine in another blow to Moscow U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received […]
United States Oil (USO) US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm Oil prices rose 4.5 per cent a barrel on Wednesday to their highest level in more than a month after US crude inventories shrank and as major producers […]
United States Oil (USO) persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentiment Oil futures gained on Tuesday, with U.S. prices logging a fourth straight session gain, buoyed by tensions with Iran that threaten the global flow of oil and by expectations for a weekly decline in U.S. crude supplies. Concerns over […]
United States Oil (USO) concerns surrounding energy demand lingers Oil futures diverged Monday, with U.S. prices up a third straight session while global benchmark Brent finished lower, as tensions with Iran, and the possibility of disruptions to oil flow in the Middle East, increased. Concerns surrounding energy demand, however, lingered. Geopolitical tensions with Iran have […]
United States Oil (USO) very cautious open this morning supported by a better than expected non-farm payrolls Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week’s better-than-expected U.S. jobs data offered some support. Brent crude futures were […]
United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. Front-month Brent crude futures, the international benchmark for oil […]
United States Oil (USO) oil prices drop by nearly 5% to their lowest in 2 weeks Oil futures dropped by almost 5% on Tuesday, settling at their lowest in roughly two weeks. “The crude oil market has quickly digested the decision by OPEC and its allies to maintain the production cuts through next March,” said […]
United States Oil (USO) steadies but oversupply fears persist Oil prices pared gains on Monday (July 1) after worries about oversupply persisted, pulling back from an early rally as Opec extended supply cuts until March 2020 during a meeting in Vienna. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply […]
United States Oil (USO) OPEC and its allies look set to extend oil supply cuts OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the […]
United States Oil (USO) OPEC-Russia production deal to continue OPEC ministers meet Monday, but this weekend’s G-20 leaders summit could have much more impact on oil prices, depending on whether the outcome is good or bad for the global economy — and therefore oil demand. The world’s markets are focused on Saturday’s meeting between President Donald Trump […]
United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting U.S. oil prices climbed by nearly 3% on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks. Gasoline futures also rallied on news of the planned closure […]
United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. “Slowing global growth and tensions with Iran are having an impact on the oil markets as investors […]
United States Oil (USO) Trump administration announces additional Iran sanctions Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran. President Donald Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders, according to […]
United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 37 cents, or […]
United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington Oil soared more than 5% higher yesterday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating […]
United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2 Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The supply draw “helped ease some of the […]
United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks Oil prices rose more than US$1 a barrel on Tuesday after news that China and the United States were resuming trade talks ahead of a meeting at the G-20 summit later this month, […]
United States Oil (USO) on the defensive Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. U.S. crude oil futures shed 0.08% to $51.89 per barrel after retreating 1.1% the previous […]
United States Oil (USO) slammed by worries about the slowing global economy Oil prices have been crushed by worries about weaker demand and a slowing global economy, but the market could begin to price in greater geopolitical risks if there are more attacks like the one on two oil tankers in the Gulf of Oman […]
United States Oil (USO) stocks up a second straight week; trade tensions persist Oil prices on Wednesday logged the lowest finish since January as U.S. crude supplies climbed a second week in a row and concerns about energy demand persisted on the back of growing U.S.-China trade tensions. “The dominant trend remains bearish as U.S. […]
United States Oil (USO) EIA cuts forecasts on prices The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook report released Tuesday. The EIA forecasts 2019 U.S. crude production of 12.32 million barrels a day, down 1% from the May forecast. It also cut […]
United States Oil (USO) investors focused on worries about slowing global growth and uncertainty surrounded Russia’s decision Oil futures finished lower on Monday as investors focused on worries about slowing global growth and uncertainty surrounded Russia’s decision on whether to extend production curbs beyond their expiration this month. Prices fell closer to the session’s lows […]
United States Oil (USO) Saudi Arabia signals OPEC deal extension Oil prices rose on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June. Brent crude futures rose 2.7% to $63.33 a barrel. U.S. West Texas Intermediate (WTI) crude […]
United States Oil (USO) imports increased while exports decreased during the week ending May 31 U.S. crude oil imports increased while exports decreased during the week ending May 31, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 7.9 million barrels per day (b/d) last week, up by 1.065 million b/d […]
United States Oil (USO) prices entering a bear market Oil futures dropped Wednesday, with U.S. prices entering a bear market, as domestic data revealed a weekly crude supply climb of almost 7 million barrels—the largest in five weeks—to their highest level in nearly two years. “Crude inventories are now at their highest since July 2017, […]
United States Oil (USO) gains after approaching bear-market territory Oil futures recovered from early losses Wednesday to end higher in the wake of a four-session losing streak that had threatened to push U.S. prices into bear-market territory. “Oil got hammered the past couple trading days and traders saw an opportunity for cheap prices, combined with […]
United States Oil (USO) Saudi comments indicating OPEC would extend supply cuts supported prices Oil futures ended the session lower after back-and-forth trading on Monday, as Saudi comments indicating OPEC would extend supply cuts supported prices, while concerns that U.S. tariffs on China and Mexico would hurt demand weakened crude market sentiment. Saudi Arabia signaled […]
United States Oil (USO) racked up their biggest monthly losses in six months amid stalling demand Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global […]
United States Oil (USO) prices to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war. The Energy […]
United States Oil (USO) an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations Oil prices rose on Thursday after an industry report showed a decline in U.S.crude inventories that exceeded analyst expectations. U.S. West Texas Intermediate (WTI) crude futures were up 26 cents, or 0.4%, at $59.07 a barrel by 0258 GMT. […]
United States Oil (USO) prices logged the worst weekly performance of the year U.S. oil futures ended higher Tuesday, but global crude prices finished flat, after prices for both benchmarks logged their worst weekly performance of the year, as traders continued to weigh risks to supplies, as well as demand. “Crude oil prices have been […]
United States Oil (USO) oil prices consolidated above $70 per barrel Brent crude oil prices consolidated above $70 per barrel on Tuesday as supply cuts led by producer club OPEC and U.S. sanctions on Iran’s and Venezuela’s fuel exports outweighed concerns about an economic slowdown. Front-month Brent crude futures, the international benchmark for oil prices, were at $70.14 at 0218 GMT, […]
United States Oil (USO) ongoing supply cuts led by producer club OPEC kept markets relatively tight Oil prices rose on Monday as ongoing supply cuts led by producer club OPEC kept markets relatively tight, but Brent remained below $70 per barrel on concerns over an ongoing trade war between the United States and China. Front-month […]
United States Oil (USO) prices plunge as the market prepares for a prolonged U.S.-China trade war Oil prices tumbled nearly 6% on Thursday, extending steep losses in the previous sessions, as the market braced for a prolonged U.S.-China trade war and digested disappointing manufacturing data. Some analysts also pointed to signs that Middle East tensions […]
United States Oil (USO) falls amid surging U.S. crude inventories and weak demand from refineries Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries. Brent crude futures, the international benchmark for oil prices, were at $70.36 per barrel at 0652 […]
United States Oil (USO) U.S.-China trade woes weighed on energy-demand prospects U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark. West Texas Intermediate crude for June delivery CLM19, -0.13% lost 11 cents, or 0.2%, to settle at $62.99 a barrel […]
United States Oil (USO) rises on escalating US-Iran tensions Oil prices edged up on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year. However, gains were checked by concerns that a prolonged Sino-U.S. trade war could lead to a global economic […]
United States Oil (USO) prices up as Trump threatens Iran, OPEC mulls output cuts Crude oil prices jumped higher at the start of the trading week after US President Trump threatened Iran via Twitter, warning officials in Tehran that if they want a fight, that will “be the end” of the Islamic Republic. Tensions between the two countries […]
United States Oil (USO) prices are delicately balanced between competing forces Oil prices have generally tracked risk appetite so far this week, dropping sharply on Monday before recovering over the last three days. Wednesday’s rally was supercharged by escalating geopolitical tensions in the Middle East; when asked whether the U.S. would go to war with […]
United States Oil (USO) risks of a slower global economy due to trade wars is acting as a counterweight on crude If not for the trade war, both oil and gasoline prices could be much higher than they are now on rising tensions between the U.S. and Iran. Analysts say oil could be more than […]
United States Oil (USO) API reportedly showed a stockpile increases of 567,000 barrels The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 8.6 million barrels for the week ended May 10, according to sources. The API also reportedly showed a stockpile increases of 567,000 barrels in gasoline and 2.2 million barrels […]
United States Oil (USO) investors and traders fretted over global economic growth prospects Oil futures were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks. U.S. West Texas Intermediate (WTI) futures were at $61.58 per barrel, down 9 cents, or 0.2% at […]
United States Oil (USO) escalation in the Sino-American trade spat raising the potential to dent energy demand U.S. crude-oil prices declined Thursday, while global benchmark prices ended a few pennies higher, with escalation in the Sino-American trade spat raising the potential to dent energy demand. Those concerns have more than offset the price-supportive weekly decline […]
United States Oil (USO) marks lowest finish since the end of March; Brent drops below $70 Crude-oil prices fell Tuesday, but settled off the session’s worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset worries that a protracted trade conflict […]
United States Oil (USO) sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute could slow the global economy Oil prices were mixed on Tuesday as U.S. sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute […]
United States Oil (USO) Output cuts from Opec likely to continue till end of 2019 Oil prices are expected to trade positive in the near term on the back of Opec production cuts as well as supply disruptions in Iran and Venezuela, analysts said. However, rise in US oil production will continue to weigh on […]
United States Oil (USO) market is view as overpriced U.S. oil futures dropped Thursday to their lowest finish in a month, as record U.S. crude production and rising domestic supplies outweighed concerns over the potential for tighter global supplies in the wake of the expiration of U.S. waivers on Iranian oil sanctions. “The market clearly […]
Venezuelan President Nicolas Maduro is facing growing pressure as the United States enforces sanctions on United States Oil (USO) exports US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist President Nicolas Maduro. As of […]
United States Oil (USO) Iran-pegged crude supply worries persist U.S. oil prices finished lower on Thursday, and Brent prices gave up earlier gains to settle lower for the first time in five sessions, with both crude benchmarks marking a retreat from the nearly six-month highs they reached earlier this week. Traders continued to consider the […]
United States Oil (USO) dipped as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC’s continued curbs on supply. Brent […]
United States Oil (USO) US secretary of state Mike Pompeo tells the world to ‘err on the side of caution’ over buying oil from Iran Oil prices surged to their highest level in six months on global commodity markets after the US said it would take a harder line against countries that breach its oil […]
United States Oil (USO) US crackdown on Iran exports US oil prices raced above US$65 (AUD$91) a barrel for the first time since October after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran’s oil exports to “zero” by removing the waivers that previously allowed some countries […]