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Oil prices were steady today whipsawing between gains and losses. Market analysts are beginning to show more concern that rising prices will hurt demand in the long run.

A U.S. administration official on Monday said the White House stands by its calls for oil-producing countries to “do more”, and said they are closely monitoring the cost of oil and gasoline.

Oil prices rose again today, wrapping up another strong week as global energy concerns are lifting prices across the complex

Oil prices rebounded slightly today after yesterday’s rout despite the DOE saying that “all tools are always on the table

Oil prices traded down today, coming off multi year highs on a surprise build in crude and gasoline inventories.

Oil prices continued to rise today, with WTI hitting highs not seen since 2014. Prices have already risen more than 50% for the year and are expected to draw continued support from higher prices in other areas of the energy complex.

Oil prices continued to rally today, with Brent reaching a 7 year high after OPEC+ confirmed they would stick to current production outputs schedules

Oil prices steadied as China announced their intention to buy more oil and energy supplies to offset their growing demand.

The market being pressured by the continued build up in inventory but also the strength of the use dollar which hit a one year high against a basket of other major currencies.