With WTI Crude Oil reaching $78.15, strong demand forecasts and steady interest rates suggest bullish momentum. Is it time to buy?
Oil prices are stabilizing after the strong rebound from June lows.
Crude stockpiles surged unexpectedly, causing WTI to slip to $78.25. What does this mean for future oil and gas prices?
The bearish EIA report did not put pressure on the oil markets.
OPEC maintained its global oil demand growth forecast for 2024.
Goldman Sachs analysts have set a $86 price target for Brent oil in the third quarter.
Oil prices rise to $75.76 on anticipation of higher summer fuel demand, despite the impact of a stronger U.S. dollar.
Oil traders are waiting for additional catalysts after recent volatility.
WTI oil surged to $75.70 following OPEC+ updates, signaling potential for more gains as market sentiment shifts positively.
Oil markets continue to move away from multi-month lows.
West Texas Intermediate (WTI), a proxy for U.S. oil prices, fell more than 3% to a near-four-month low on Monday as investors fretted over a complex Organization of the Petroleum Exporting Countries and allies (OPEC+) decision on Sunday that left the door open for voluntary cuts to be gradually unwound.
Oil markets are moving higher as traders bet on a rebound.