Oil News: Crude Oil Futures Rejected at $67.44 Pivot as OPEC+ Eyes 411,000 bpd Hike
Crude oil slips after rejection at $67.44 pivot as OPEC+ eyes a 411,000 bpd hike. Traders weigh US tariffs, Fed policy, and China slowdown on demand.
Oil, Energy: Companies Compete in Libya's Energy Exploration Tender
Chevron and TotalEnergies are competing in Libya's first energy exploration tender since the 2011 conflict, the country's state-run oil firm said. Eni and Exxon Mobil are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025.
Oil and Natural Gas Technical Analysis – Geopolitical Risks and Inventory Data Drive Volatility
WTI crude oil rebounds from the long-term support at $66, while natural gas remains in a bullish trend above the $3 support level.
Oil futures, options trade at record levels in Q2 as investors navigate volatility
Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts in the Middle East escalated.
Crude Oil Price Outlook – Crude Oil Continues to Threaten Break Out
The crude oil markets continue to look a lot like a market that is trying to break higher, as we have seen a lot of volatility, followed by just sitting on top of previous resistance. At this point, it looks like the buyers are at least getting a bit more
Oil News: Crude Holds 200-Day MA Ahead of EIA Report, Traders Eye $67.44 Pivot
Crude oil holds 200-day MA as traders eye $67.44 with an expected EIA draw, OPEC+ supply plans, dollar softness, and China demand shaping outlook.
Natural Gas and Oil Forecast: OPEC+ Output Priced In, Eyes on Jobs Data and Dollar
Oil prices remain range-bound as traders digest OPEC+ supply, U.S. inventory data, and upcoming nonfarm payrolls amid a weaker dollar.
Oil prices little changed as investors look ahead to OPEC+ meeting
Oil futures were little changed on Wednesday as investors are wary ahead of a meeting of major producers this week to determine output levels for August.
Why oil demand may outpace supply, despite best efforts from OPEC+
A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude inventories, even as major oil producers look to boost output for a fifth straight month.
Natural Gas and Oil Forecast: Downside Risks Loom as OPEC+ Output Hike Nears
Oil and gas face pressure as OPEC+ plans 411K bpd output hike in August. Bearish technicals and tariff fears raise downside risks for WTI and Brent.
Saudi Arabia may raise August oil prices to Asia to 4-month high
Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in four months, after spot prices surged during the Iran-Israel conflict and on robust summer fuel demand, trade sources said.
Oil and Natural Gas Technical Analysis: Downside Risks Loom as Consolidation Continues
WTI and Brent crude oil are consolidating after dropping from their respective resistance levels and appear poised for further declines, while natural gas shows a consolidation pattern above $3
