Oil prices fell Tuesday, extending losses to a second straight session as the International Energy Agency (IEA) warned of a potential 2026 supply glut and U.S.–China trade tensions lingered, weighing on the demand outlook. Brent crude settled $0.93 (-1.5%) lower at $62.39, while WTI closed $0.79 (-1.3%) lower at $58.70 — both marking five-month lows. […]
Oil prices rose Monday after confirmation that U.S. President Donald Trump will meet Chinese President Xi Jinping later this month, easing renewed trade tensions that last week pushed crude to five-month lows. Brent crude gained $0.59 (+0.9%) to $63.32, while WTI rose $0.59 (+1.0%) to $59.49. Both benchmarks had plunged about 4% Friday after Trump […]
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“If opportunity doesn’t knock, build a door.” – Milton Berle Due to the Government Shutdown, we are unable to report last week’s Jobs Update. We apologize for the inconvenience. Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 20, 2025 came in at 218,000, versus the adjusted number of 232,000 people from […]
Oil prices tumbled more than 3% Friday as renewed U.S.–China trade tensions overshadowed market fundamentals and revived fears of weaker global demand. Brent crude fell $2.49 (-3.82%) to $62.73, its lowest since May 5, while WTI dropped $2.61 (-4.24%) to $58.90, the lowest since early May. Both benchmarks marked their fourth straight daily decline. U.S. […]
Oil prices fell on Thursday after Israel and Hamas agreed to a ceasefire deal brokered by the United States, easing geopolitical risk premiums in energy markets. Brent crude settled $1.03 lower (-1.6%) at $65.22, while WTI dropped $1.04 (-1.7%) to $61.51. The ceasefire, which includes a mutual release of hostages and prisoners and a partial […]
Oil prices rose about 1% to a one-week high on Wednesday as traders bet that stalled Ukraine peace talks would keep sanctions on Moscow in place, while U.S. data showed stronger fuel consumption. Brent crude settled 80¢ higher (+1.2%) at $66.25, and WTI gained 82¢ (+1.3%) to $62.55, marking their highest closes since September 30 and […]
Oil prices steadied on Tuesday as investors weighed a smaller-than-expected OPEC+ output hike against signs that global inventories may keep rising through next year. Brent crude settled 2¢ lower (-0.03%) at $65.45, while U.S. WTI gained 4¢ (+0.06%) to $61.73. Both benchmarks rose more than 1% on Monday after OPEC and its allies agreed to […]
Oil prices rose about 1% on Monday after OPEC+ announced a smaller-than-expected production increase for November, calming some oversupply worries though weak demand expectations limited gains. Brent crude settled $0.94 higher (+1.46%) at $65.47, while U.S. WTI gained $0.81 (+1.33%) to $61.69. The OPEC+ coalition confirmed plans to raise output by 137,000 bpd in November […]
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