Oil prices rallied today, up 2% in volatile trade. Positive economic data from China and the US was received well by markets after strong job growth in the US.

Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand.

There will be no commentary for 8-4-2022

Oil prices closed lower today after news of OPEC+ raising their production for September was released as well as news of potential Iranian crude being discussed later this week

Oil prices were higher today ahead of tomorrow’s OPEC+ meeting.

Oil prices tanked today as weak manufacturing data from several countries (Bad PMI in China specifically) weighed on prices.

Oil prices were higher today but both contracts logged losses for the second month in a row.

Oil prices were mixed today as today’s GDP numbers indicated the US is officially in a technical recession. Recession and demand concerns have been weighing on crude prices for the last few weeks. The US economy “unexpectedly” contracted in the second quarter of this year in tandem with a weaker-than-expected jobs report. “When we look […]

Oil prices were higher today on a larger than expected drop in US crude inventories and cuts of Russian gas flows to Europe

Oil prices were lower today as investors were worried about a bad consumer confidence report and another 20MM/bbls release from the SPR