Market responds negatively to latest China stimulus moves.
Stifel analyst Stephen Gengaro discusses how oil & gas companies may have to balance President-elect Trump's promise to boost U.S. production against the reality oil prices will likely be lower next year.
Oil prices fall as Hurricane Rafael threat fades and China's demand dips. Traders brace for a bearish short-term trend in crude markets.
Geopolitical pressures and technical pivots steer natural gas and oil forecasts, with traders eyeing potential breakouts as key levels are tested.
Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol. "We quite like the idea of being involved in the bigger metal markets.
Oil prices were lower in early Asian trade. Investors continue to digest the competing narratives around Trump's potential impact on the oil market, ANZ Research analysts said.
Despite a failed breakout attempt at 73.21, crude oil shows resilience with key support levels holding, hinting at potential upside on a second try.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Thursday.
The oil markets look rangebound during the early hours of Thursday, as the markets continue to see a lot of back and forth action. At this point, the markets are likely to continue to watch demand coming out of America, and the possibility of expanded US production.
Rebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil outlook ahead of the opening bell on Thursday.
Oil futures edged lower Thursday morning, extending a pullback seen a day earlier after the dollar surged higher in response to Donald Trump's victory in the U.S. presidential election.
WTI futures slip below $71.63 resistance as demand weakens; rising U.S. oil inventories and China's 9% import decline drive bearish crude outlook.