Oil prices climb on declining US inventories and improving risk sentiment
US–China trade negotiations progress, lifting risk sentiment and supporting Oil gains.The US Energy Information Administration (EIA) released a…
European Banks With Russian Units Help Keep Natural Gas
(Bloomberg) — Western banks including Raiffeisen Bank International AG that still operate units in Russia are helping some…
WTI Crude Oil Recovers Lost Ground, More Gains Possible?
Key Highlights WTI Crude Oil prices started a decent increase above the $62.50 level. A key bullish trend…
Morgan Stanley: OPEC+ Fails to Deliver on Output Pledge
The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized,…
Taiwan Official Discusses US Energy Cooperation at Alaska
(Bloomberg) — Taiwan’s top presidential aide discussed energy cooperation with US officials at a summit this week in…
Stocks Climb After Jobs Report Amid US-China Hopes: Markets
(Bloomberg) — Stocks headed toward their highest since February and bond yields rose as jobs data allayed concerns…
WTI Crude Oil holds gains above $62, momentum builds for further upside
WTI trades around $62.80 on Thursday, up 1.20% but below the session high of $63.30.Price action breaks out…
WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
WTI Crude Oil trades near $63.06, up nearly 2% intraday on Tuesday.Canadian wildfires disrupt 350,000 barrels per day…
Gold and WTI Crude Oil Prices Could Gain Bullish Pace
Gold started a fresh increase above the $3,300 resistance level. WTI Crude Oil is gaining bullish momentum and…
Canadian Wildfires Force Oilsands Evacuations, Stop Oil
(Bloomberg) — Raging Western Canadian wildfires that have forced thousands of people from their homes are now also…
Stocks Bounce From Lows on US-China Trade Hopes: Markets
(Bloomberg) — A renewed bout of volatility gripped stocks in the last stretch of the month, with the…
US oil rig count down by 4 for week ending May 30
– Number of US oil rigs fall by 35 compared to one year ago
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