Former Keystone Pipeline worker Bugsy Allen discusses how detrimental the Biden administration was to the oil industry and how it will improve under President Donald Trump on ‘The Evening Edit.'
Daan Struyven, co-head of global commodities research and head of oil research at Goldman Sachs, discusses the outlook for oil markets and gold prices.
Oil prices fell further, nearing critical support around $67. A decisive break could extend losses, while historical corrections suggest a potential bottom forming soon.
The crude oil grades that I follow at FX Empire both look as if they are trying to find some kind of bottom here. However, we do not have the necessary momentum to the upside to get particularly bullish either.
Oil futures ticked slightly lower early Tuesday, a day after a fresh round of U.S. sanctions aimed at curtailing Iran's crude exports provided a modest lift.
Light crude futures steady as U.S. sanctions on Iran tighten supply. Technical analysis highlights key levels at $70.35 and $72.08.
Natural Gas and Oil Forecast: Geopolitical tensions drive volatility. Key resistance and support levels to watch amid demand and supply shifts.
Oil prices rose for a second day on Tuesday as the U.S. imposed fresh sanctions on Middle Eastern producer Iran that increased concerns supply might tighten.
Oil futures attempted to find their footing Monday, after ending last week with a rout that accompanied a steep selloff in U.S. stocks.
Crude oil prices hold steady at $70.45 as Ukraine peace talks progress and Iraq readies 185,000 bpd exports. Bearish outlook as supply risks rise.
Heritage Foundation research fellow and economist EJ Antoni weighs in on President Donald Trump's creation of the National Energy Dominance Council and increasing oil and gas production in the U.S. #foxbusiness
Crude oil dips as easing Mideast tensions and rising U.S. inventories counter supply disruptions. Market awaits fresh catalysts for the next big move.