Crude oil tests the 200-day moving average—will it hold or break? Traders watch key support as U.S. inventories rise and China tariffs shake market sentiment.
President Donald Trump's recent decision to reinstate a goal from his first presidency to bring Iran's oil exports to zero has had little impact on crude prices so far.
Natural Gas and Oil prices face bearish pressure as key support zones are tested. Will markets rebound, or is a deeper correction ahead?
Oil prices ticked up in early Asian trading on Thursday, steadying from a sell-off the previous day after Saudi Arabia's state oil company sharply raised March oil prices.
CIBC Private Wealth senior energy trader Rebecca Babin joins "Market Domination" to analyze current oil (CL=F, BZ=F) market dynamics in Russia and Iran. Babin notes that Russia has been "under an increased sanctions pressure" since December 2024, following the Biden administration's expansion of sanctions.
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed output in December.
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
A growing uptake of solar power in Saudi Arabia thanks to cheap imports from China could lead to downward pressure on oil prices. That is an estimate from commodities economists at Capital Economics, based on the fact that Saudi Arabia is one of a few countries that directly burns crude oil for electricity.
Rising U.S. stockpiles and trade tensions pressure crude prices, but Iran sanctions could tighten supply. What's next for the market?
French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand.
Natural Gas and Oil markets face volatility as OPEC+ output plans and rising U.S. inventories weigh on prices. Key support levels remain under pressure.
Oil prices were little changed on Wednesday after volatile trading in the previous session as investors shrugged off the impact of China's tariffs on U.S. energy imports though President Donald Trump's renewed push to eliminate Iranian crude exports provided some support.