Category: Oil
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Crude oil futures trade to new session highs
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Crude oil futures are trading between the 100 and 200 week moving averages Crude oil futures are trading up about $1 on the day at $77.85 (up 1.25%). Today’s low extended to $76.18. This was the lowest level dating back to February 26th. This week, the price is currently down…
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Oil Executives Fuel Trump’s $40 Million Texas Fundraising Haul
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Breadcrumb links BMN Business Donald Trump raised $40 million from oil executives and other big-money donors in Texas, marking one of the most profitable days Wednesday for the presumptive Republican nominee as he seeks to close a fundraising gap with President Joe Biden. Article writer: Bloomberg News Mitchell Fairman and…
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D.C. Democrats send findings of Big Oil investigation to Justice Department (NYSEARCA:XLE)
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Imagine/E+ via Getty Images Democratic lawmakers on Capitol Hill said Wednesday that they had forwarded the results of their votes to the Justice Department Investigating major oil companies and whether the industry has deceived the public about the effects of fossil fuels on climate change. in Letter to the Ministry…
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Oil prices edge lower, giving up early gains from death of Iran’s president (NYSEARCA:USO)
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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…
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Crude oil for July settled at $79.58
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Crude Oil Futures Bring Back Wind That Brings Our Tailor At $79.58. At $0.84 per day. The selling price is close to today’s high. The low for the day was $78.61. During the trading week, the price rose by 1.87%. Technically, the price is trading between the 100-day moving average…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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Oil turns higher as U.S. inflation cools, crude stocks drop more than expected
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Slavko Sereda/iStock via Getty Images Crude oil futures reversed course to close higher on Wednesday, as US government data showed a slight decline in inflation and a larger-than-expected decline in crude oil inventories. The Consumer Price Index rose 0.3% last month after rising 0.4% in March and February, while the…
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Crude oil futures settle at $79.12
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Crude oil futures settled at $79.12. This comes out to $0.86 or 1.1%. Crude oil is trading above and below the 100-day moving average Today, the high price reached $79.46. The low price was $77.81. The commodity’s 100-day moving average is $78.38. The price traded above and below the moving…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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Long list of oil support: risk on, technical, inventory, Mid East, China, restocking
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Athabasca Oil Corporation Announces Results from 2024 Annual Shareholder Meeting
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Article content CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that all matters will be submitted for approval at its annual and special general meeting of shareholders held on May 9, 2024. Fully approved and approved. Items on the agenda…
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Chart Art: WTI Crude Oil (USOIL) Head and Shoulders Breakdown
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Did you miss the neckline breakdown on crude oil? Here are some retracement levels you can watch for if you are still bearish on the commodity. West Texas Intermediate (USOIL) Chart by TradingView Easing geopolitical conflict in the Middle East and a surprise increase in EIA crude oil inventories sent…
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Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed
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Bright stars Precious metals fell on Tuesday, with gold trading around $2,315.12 an ounce, as a stable US dollar made bullion less expensive for foreign buyers, while investors awaited more clues on when the Federal Reserve will deliver its first interest rate cut. After the US central bank signaled last…
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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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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…
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Azerbaijani oil continues flowing to Israel via Turkey
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Türkiye has not yet stopped loading oil tankers in the port of Ceyhan heading to Israel, according to Israeli sources. Azerbaijan is an important supplier of oil to Israel, via the Baku-Tbilisi-Ceyhan (BTC) pipeline, at the end of which the oil is loaded onto tankers that transport it to Haifa.…
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Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
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In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time. The announcement, scheduled for Friday, has drawn criticism from environmentalists, who say it signals a departure from the climate…
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Crude oil trading at session lows going into the settlement
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Crude oil The price of crude oil is trading in the most settled session. The price just reached $78.21. This decreased by $0.74 per day. Looking at the daily chart, the price is moving to new lows during the week and new lows dating back to March 13th. It is…
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Oil adds to week’s sharp loss as rollover of OPEC output cuts may meet resistance
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Slavko Sereda/iStock via Getty Images Oil prices recorded their biggest weekly loss in three months, as the market, already concerned about weak demand, dealt with growing speculation that an OPEC meeting in June could expose cracks in the alliance, with the United Arab Emirates saying it would… Increasing production capacity.…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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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…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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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…