Oil Slips on Easing Geopolitical Tensions
Easing geopolitical tensions between Russia and Ukraine are weighing on prices, and any peace deal could have broader implications for the crude market, ANZ said.
Trump plans huge oil drilling expansion off California and Alaska coasts
The Department of Interior proposed 34 offshore oil lease sales through 2031. The Trump program would include lease sales in 21 areas off Alaska's coast, six off the Pacific coast and seven in the Gulf of Mexico.
Crude Oil Price Forecast: Bull Flag Coils Below 20-Day/50-Day Resistance
Crude oil carved another lower high ($60.22) and low ($58.72) Thursday, staying inside the developing bull flag while retesting $58.24–$58.94 support.
Natural Gas and Oil Forecast: Markets Rebound After 3.4M-Barrel Draw Shifts Sentiment
Geopolitical tensions and a surprise 3.4M-barrel EIA draw lift sentiment as natural gas and oil forecast trends tighten inside key technical ranges.
U.S. Crude Oil Stockpiles Fall as Exports, Refinery Use Rise
Crude oil inventories decreased last week by 3.4 million barrels as exports increased and refineries ran at a higher rate, said the EIA.
Crude Oil Price Outlook – Oil Plunges in Early Trading on Wednesday
Crude oil slides sharply on Wednesday, trading well below $60 as both WTI and Brent struggle against persistent overhead pressure from the 50-day EMA. Markets appear focused on establishing a range rather than collapsing, with rallies still favored for fading.
Oil prices fall as rising US inventories reinforce oversupply concerns
Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world's biggest crude consumer, reinforced mounting concerns that supply is exceeding demand in the market.
Oil Falls Amid Risk-Off Sentiment
Oil fell in the morning Asian session amid risk-off sentiment.
Crude Oil Price Forecast: Bull Flag Breakout Sets Up
Crude oil consolidates in a bull flag just above the 61.8% Fibonacci, with the 20-day average turning higher and the falling 50-day converging on the flag's upper boundary near $61.30.
Oil News: Futures Struggle Below Key Moving Averages as Russian Supply Returns Online
Crude oil futures struggle below key averages as Russian flows resume and China builds inventories, reinforcing a bearish oil outlook driven by surplus concerns.
Oil Declines After Tanker Activity Resumes at Russia's Novorossiysk Port
Oil declined in the early Asian session after oil tanker activity resumed at Russia's Novorossiysk port.
Goldman Sachs sees oil prices falling through 2026 on supply surge
Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day.
