United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell […]

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound WTI Crude Oil prices were trading flat on Wednesday. The US Energy Information Administration (EIA) report showed that the crude oil inventory fell by 2.7 million barrels for the week ending August 16. This was the first decline in inventory in the past three weeks. The build-up comes […]

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased U.S. crude stocks fell last week while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories fell by 3.5 million barrels in the week to August 16 to 439.8 million, compared with analysts’ […]

United States Oil (USO) poses threat to Mideast sellers

United States Oil (USO) poses threat to Mideast sellers

United States Oil (USO) poses threat to Mideast sellers The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Royal Dutch Shell Plc has offered a cargo of U.S. West Texas Intermediate Midland crude […]

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices Recession fears were raised earlier in the week after the bond market flashed a troubling signal about the U.S. economy. This increased worries over lower future demand. The fears were triggered when the yield on the benchmark 10-year Treasury note briefly broke below the two […]

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices Oil futures rallied on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks, following news that the U.S. will delay tariffs on certain Chinese products until December, as the two nations […]

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears Oil prices sank 3% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude dropped 3.2%, to $59.36 a […]

United States Oil (USO) fell after industry data showed U.S. crude inventories unexpectedly rose last week

United States Oil (USO) fell after industry data showed U.S. crude inventories unexpectedly rose last week

United States Oil (USO) fell after industry data showed U.S. crude inventories unexpectedly rose last week Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. The move […]

United States Oil (USO) prices fall on slowing demand concerns

United States Oil (USO) prices fall on slowing demand concerns

United States Oil (USO) prices fall on slowing demand concerns Oil prices fell on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude futures LCOc1 were down 48 cents or 0.8%, from the […]

United States Oil (USO) lower demand forecasts

United States Oil (USO) lower demand forecasts

United States Oil (USO) lower demand forecasts International benchmark Brent crude futures were at $58.40 a barrel by 0638 GMT, down 13 cents, or 0.2%, from their previous settlement. U.S. West Texas Intermediate (WTI) futures were at $54.33 per barrel, down 17 cents, or 0.3%, from their last close. Both benchmarks fell last week, with […]

United States Oil (USO) jumped on expectations that falling prices could lead to production cuts

United States Oil (USO) jumped on expectations that falling prices could lead to production cuts

United States Oil (USO) jumped on expectations that falling prices could lead to production cuts Oil jumped more than $1 a barrel on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. […]

United States Oil (USO) prices plunge amid rising U.S. stockpiles

United States Oil (USO) prices plunge amid rising U.S. stockpiles

United States Oil (USO) prices plunge amid rising U.S. stockpiles U.S. crude oil imports increased, while exports decreased during the week ending Aug. 2, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 7.15 million barrels per day (b/d) last week, up by 485,000 b/d from the previous week, while crude […]

United States Oil (USO) trade dispute continuing to cast a shadow over the market

United States Oil (USO) trade dispute continuing to cast a shadow over the market

United States Oil (USO) trade dispute continuing to cast a shadow over the market Oil prices steadied on Wednesday after falling at the start of the session, with the potential for damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over the market. International benchmark Brent crude futures were […]

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade […]