Oil prices slipped more than 1% on Wednesday, settling at two-week lows as growing concerns over a potential global supply glut weighed on the market. However, signs of strong U.S. gasoline demand helped limit losses. Brent crude fell 92 cents, or 1.43%, to $63.52 per barrel, while WTI dropped 96 cents, or 1.59%, to $59.60. […]
Oil prices edged lower on Tuesday as a stronger U.S. dollar and weaker global manufacturing data renewed concerns over energy demand. Traders also weighed OPEC+’s latest production plans and the impact of ongoing U.S. sanctions on Russian oil exports. Brent crude fell 45 cents, or 0.7%, to $64.44 a barrel, while U.S. West Texas Intermediate […]
Oil prices held steady Monday as traders weighed OPEC+’s latest output increase against plans to pause production hikes early next year, while weak factory data in Asia renewed concerns about slowing demand. Brent crude settled at $64.89 a barrel, up $0.12 (0.2%), and U.S. West Texas Intermediate closed at $61.05, up $0.07 (0.1%). OPEC+ members […]
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“Out of difficulties grow miracles.” – Jean de la Bruyere 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 ended slightly higher on Friday after a volatile session, rallying on reports of potential U.S. air strikes on Venezuela. Brent crude settled at $65.07 a barrel, up $0.07 (0.11%), while U.S. West Texas Intermediate closed at $60.98, up $0.41 (0.68%). Prices initially spiked after several outlets reported that U.S. military operations against Venezuela […]
Oil prices held near even on Thursday as traders weighed progress in U.S.-China trade talks against concerns of continued oversupply. Brent crude rose $0.08 (0.1%) to $65.00 a barrel, while U.S. West Texas Intermediate gained $0.09 (0.1%) to $60.57. President Trump announced a one-year trade agreement with Chinese President Xi Jinping following their meeting in […]
Oil prices rose on Wednesday after U.S. data showed a larger-than-expected draw in crude and fuel inventories, while optimism around trade talks between Presidents Trump and Xi helped lift broader market sentiment. Brent crude gained $0.52(0.8%) to $64.92 a barrel, while U.S. West Texas Intermediate rose $0.33 (0.6%) to $60.48. The U.S. Energy Information Administration […]
Oil prices slipped 2% on Tuesday, marking a third straight day of declines as traders weighed the impact of U.S. sanctions on Russia’s two largest oil producers and the likelihood of another OPEC+ output increase next month. Brent crude futures fell $1.22 (1.9%) to $64.40 a barrel, while U.S. West Texas Intermediate closed $1.16 (1.9%) […]
Oil prices settled slightly lower Monday as expectations for another OPEC+ production hike offset optimism surrounding potential progress in U.S.-China trade talks and renewed sanctions on Russian crude. Brent crude futures slipped 32 cents (0.5%) to $65.62 a barrel, while U.S. West Texas Intermediate fell 19 cents (0.3%) to $61.31. Both contracts briefly traded nearly 1% […]