The sell-off in U.S. equity markets served as the key negative catalyst for oil and other commodities in today's trading session.
The weaker-than-expected U.S. Composite PMI report put pressure on the oil markets.
Oil prices test weekly lows as traders react to Donald Trump's speech in Davos.
Oil markets are losing ground amid lack of positive catalysts.
Oil markets are under pressure as the strong pullback continues.
Oil markets are losing ground as traders wait for Trump's executive orders.
Oil markets are losing ground as traders continue to take profits after the recent rally.
Oil markets are losing ground as traders wait for additional positive catalysts.
WTI oil is up by 2% as traders focus on the EIA data and bet on the continuation of the strong rally.
Gasoline inventories increased by 5.9 million barrels, exceeding analyst expectations.
Oil markets pull back from multi-month highs as traders take some money off the table.
New U.S. sanctions on Russian oil may hurt oil supplies in the near term.