Author: David Cohen

Oil prices were higher today, in another volatile session as a weaker dollar was supportive of prices.

Oil prices were higher today buoyed by optimism around China relaxing its Covid-19 mandates.

Oil prices were lower today, swept down in a wider financial market rout. WTI traded down $1.82 or -2.4% to close at $74.29.

Oil prices fell today as traders worried about the fuel demand outlook. After rising for three straight days, WTI fell $1.17/bbl to settle at $76.11/bbl.

Despite U.S. crude inventories rising more than 10 million barrels’ week over week oil rallied for a third day to the highest level in more than a week.

Oil rallied for a second day after U.S. inflation rose less than expected and bad weather delayed initial efforts to restart the Keystone pipeline

Market participants were in the buy mode today to buy oil at the lowest price this year, as markets digested the fact that a key North American crude pipeline remains shut with no timeline for reopening.

Both crude benchmarks posted weekly losses of around 10 percent each

Oil settled lower for a fifth straight session on Thursday on the prospect of a major crude pipeline resuming service,