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OIL / Oil prices rise as industry data show big drop in U.S. crude inventories

Oil prices rise as industry data show big drop in U.S. crude inventories
Oil futures rose Wednesday morning, finding support after industry data was said to show another large drop in U.S. crude inventories, while investors looked for signs of an easing of China's COVID restrictions and awaited a meeting this weekend of OPEC+ ministers. Read More
Posted: Nov 30 2022, 07:29
Author Name: Market Watch
Views: 111649

OIL News  

Crude Oil Weekly Price Forecast – Crude Oil Markets Have Tough Week

By FXEmpire
April 21, 2023

Crude Oil Weekly Price Forecast – Crude Oil Markets Have Tough Week

Crude oil markets have fallen rather hard during the week to fill the gap, but at this point we still have quite a few questions asked. more_horizontal

Oil futures finish lower as traders eye prospects for energy demand

By Market Watch
April 17, 2023

Oil futures finish lower as traders eye prospects for energy demand

Oil futures finished with a loss on Monday, with traders weighing the prospects for energy demand. A “shockingly strong” Empire State Manufacturin more_horizontal

Oil Price Forecast / Update: Traders Monitoring OPEC+ output cuts, Chinese Demand Recovery

By FXEmpire
April 17, 2023

Oil Price Forecast / Update: Traders Monitoring OPEC+ output cuts, Chinese Demand Recovery

Oil traders eyeing OPEC+ output cuts and Chinese demand amid rising costs and weaker margins. IEA projects record demand, but concerns persist. more_horizontal

OPEC leaves outlook for 2023 world oil-demand growth unchanged

By Market Watch
April 13, 2023

OPEC leaves outlook for 2023 world oil-demand growth unchanged

The Organization of the Petroleum Exporting Countries on Thursday left its forecast for growth in world oil demand this year unchanged at 2.3 million more_horizontal

Oil prices edge higher ahead of data on inflation, crude inventories

By Market Watch
April 12, 2023

Oil prices edge higher ahead of data on inflation, crude inventories

Oil futures rose slightly Wednesday as investors awaited a closely watched round of inflation data and the latest official update on U.S. crude invent more_horizontal

Oil Price Forecast / Update: Supported by Anticipated China Stimulus, Drop in API Stockpiles

By FXEmpire
April 11, 2023

Oil Price Forecast / Update: Supported by Anticipated China Stimulus, Drop in API Stockpiles

China's potential stimulus measures and strong Asian demand boost crude oil prices. more_horizontal

Crude Oil Price Forecast – Crude Oil Markets Continue to Sit Just Below the 200-Day EMA

By FXEmpire
April 10, 2023

Crude Oil Price Forecast – Crude Oil Markets Continue to Sit Just Below the 200-Day EMA

The crude oil markets continue to do very little, as we hovered just below the 200-Day EMA. more_horizontal

Oil inches lower as traders return from 3-day weekend

By Market Watch
April 10, 2023

Oil inches lower as traders return from 3-day weekend

Oil ticked slightly lower early Monday as investors returned from a three-day Easter weekend. Crude surged in holiday-shortened trading last week afte more_horizontal


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