According to one analyst, crude oil's (CL=F, BZ=F) appeal as a speculative investment play has significantly faded, with the expert going as far as to state, "we may never return to that level of interest." Tom Kloza, OPIS global head of energy analysis, joins host Akiko Fujita to highlight oil's now fading reputation in the capital world.
Crude oil continues to form a potential bull flag pattern, with a brief breakout today met by selling pressure. A decisive rally above 71.41 could trigger upside momentum and improved bullish sentiment.
Lipow Oil Associates President Andy Lipow discusses 2025's global oil outlook under the upcoming Trump administration on Catalysts. Lipow identifies Trump's expected deregulation policies and "drill baby drill" stance as potential catalysts for increased oil production efficiency.
The crude oil market continues to see a lot of sideways action overall, as the markets are trying to build some kind of base. That being said, it is the wrong time of year to expect big moves, and therefore I think you will have to be patient.
Crude oil prices climbed on Thursday as hopes for more Chinese government stimulus helped boost demand for the commodity.
Carly Garner reviews crude oil's year, where price stayed quiet even with geopolitical catalysts. She doesn't think crude has “appreciated” the high level of the U.S. dollar, which she says is working against price.
Crude futures climb as China's stimulus fuels demand hopes. Key technical breakout points to further price gains with inventory draws reinforcing bullish sentiment.
Vandana Hari, founder of Vanda Insights, says that the cartel does not have "the bandwidth to prop prices much higher."
Oil edges higher, buoyed by China's $411B stimulus plan, tightening U.S. inventories, and improving global demand forecasts.
Natural gas prices have broken higher from a key level while the oil market consolidates and searches for its next direction.
Oil prices edged higher in early Asian trading amid heightened geopolitical tensions.
Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support.