Category: NYSEARCAUSO
-
Crude oil turns higher on supply concerns from Libya, Iraq (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose on Thursday, rebounding from two days of declines, as supply disruptions in Libya and plans to cut production in Iraq raised concerns about tightening global supplies. More than half of Libya’s oil production is out of service, Exports have been halted at…
-
Morgan Stanley latest to cut oil demand growth forecast on China factors (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures settled higher on Friday but fell for the week as the market digested bullish U.S. inventory data and Federal Reserve Chairman Jerome Powell delivered his speech. Strongest signal yet The central bank will cut interest rates next month. Earlier this week, oil futures…
-
Crude oil rises as U.S. inventories fell for third straight week (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday, snapping a three-session losing streak, after the United States reported a much larger-than-expected draw in crude inventories last week, marking a third straight decline. the Crude inventories fell by 4.9 million barrels. It was accompanied by Gasoline and diesel stocks…
-
Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…
-
Crude oil climbs to highest since April on rising geopolitical risks (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures posted back-to-back gains to settle at a seven-week high on Tuesday, with geopolitics returning to influence markets with renewed ship attacks in the Red Sea and Ukrainian drone attacks on Russian ships. Oil and energy infrastructure. Prices rose after a Ukrainian drone…
-
OPEC rips ‘unrealistic’ and ‘dangerous’ peak oil demand prediction (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures rose on Thursday, finding support in data that pointed to a slowing pace of inflation in the United States, with the May Producer Price Index coming in lower than expected a day after a weak May CPI reading. OPEC President and Secretary…
-
OPEC+ plan turns hedge fund bullish bets on crude oil to 10-year lows (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures fell for a third straight week, which began with a sell-off sparked by OPEC+’s decision to reduce 2.2 million barrels per day in voluntary production cuts later this year, gradually leading to some barrels returning to the market later this year. In…
-
Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
-
Oil prices edge lower, giving up early gains from death of Iran’s president (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images US crude oil futures on Monday failed to maintain the $80 level reached last week, as two US Federal Reserve officials said they had not yet concluded that inflation trends are back to the central bank’s 2% target. Waiting for more signs of declining inflation…
-
OPEC+ likely to extend production cuts in June, Goldman Sachs says (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures added modestly to gains from the previous session on Thursday that followed an unexpected decline in US inventories. A 1.4 million barrel drop in US crude inventories in the week ending May 3Supported the market After a month Joseph Dahria, Director of…
-
Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil recovered part of the heavy losses incurred last week, with the Middle East risk premium returning to the market as Israel prepares to launch a military attack on the city of Rafah, located in the far south of the Gaza Strip, where hundreds…
-
Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
-
Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…