Oil futures were mixed in early Asian trade. Traders are waiting for more information on Israel's targets for a strike against Iran, keeping a floor under oil prices, TD Securities said.
The crude oil market has been positive in the early part of Monday, as we are continuing to see a bit of a floor in the region just below. At this point, it looks like value hunters are coming back into the situation for traders.
Oil prices rose on Monday, recouping some of last week's more than 7% decline on worries about demand in China, the world's top oil importer, and easing concerns about potential supply disruptions in the Middle East.
Oil prices were rising on Monday morning, regaining some of last week's 8% decline after China lowered its benchmark lending rates, part of a series of stimulus measures to revive the flagging economy for the world's top oil importer.
Crude oil's volatile month continues, with traders balancing risks to flows from the Middle East against signs of soft demand in China. Bloomberg Opinion columnist Javier Blas says 2025 will bring more oil than the world can consume and sees the rise in gold as a financial play on fiscal and public debt.
Oil prices rose after China cut its benchmark lending rate. Saudi Aramco CEO Amin Nasser said he remains "fairly bullish" on demand in the world's second largest economy.
Oil prices rebound after a 7% drop, with traders eyeing key support at $69.21, but China's weak demand outlook raises bearish concerns.
Weak Chinese demand pressures energy prices as geopolitical risks keep markets volatile. Key levels and trends analyzed.
Angela Wilkinson, CEO of the World Energy Council, talks about challenges in shifting to greener energy, and the need to find areas of compromise and conversation instead of drawing attention to specific countries.
Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.
Oil edged higher in the Asian session on prospects of supply disruptions amid geopolitical tensions in the Middle East.
Oil money brought his county jobs, waterslides and a $900,000 concert. Chip Low fears what might happen when the good times turn bad.