WTI tumbled 4% as speculative shorts strengthened and the oil-gold ratio hit pandemic lows, signaling more downside ahead of the IEA report.
The Organization of the Petroleum Exporting Countries pointed to high debt levels in key economies and tariff uncertainty as areas of concern.
Access Denied Access Denied You don't have permission to access "Click Here on this server. Reference #18.6c24c317.1760332382.ed61a19b Click Here
Crude oil futures sink on global demand fears, OPEC supply gains, and key technical breakdown below Fibonacci support at $59.91.
Charlie Garcia responds to readers about an underfollowed stock with a long history of rewarding shareholders.
Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market's risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.
Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session, as the market's war risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.
Putin could be forced to choose between sustaining the war and maintaining payouts to his oligarchs.
Oil prices fell in early trade on Thursday after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, weighing on oil's war risk premium and pushing investors to sell.
OPEC+'s cautious output policy and rising geopolitical tensions lift natural gas and oil prices, as supply risks and U.S. production growth shape market sentiment.
Oil prices edged higher in early trade on Wednesday as markets started to brush off oversupply fear for the time being, having digested a decision by OPEC+ to restrain November production increases.
The oil markets continue to look a bit sluggish at the moment, as we are trying to get back into a larger consolidation area. However, there are serious questions about the supply and demand part of the market, as nations continue to pump massive quantities.