Oil prices fell by nearly $1/bbl on Friday as central bank officials indicated higher for longer interest rates, which strengthened the dollar and could hinder demand. v Dallas Federal Reserve President Lorie Logan on Friday said it was unclear whether monetary policy was tight enough to bring down inflation to the U.S. central bank’s 2% […]

Oil prices were higher today, edging up to one week highs closing at their highest since the 30th. Data from China and the US both showed demand could rise. “Oil prices traded in a very tight range. There’s not a lot of oil news out there. The geopolitical news from the Middle East is in […]

Oil prices rose today on a larger than expected crude oil draw. Shrinking inventories indicating tighter supply helped prices as inventories fell by 1.4MM.bbls. This is higher than the 1.1 million bbl draw expected as refinery activity also increased. A weaker than expected US jobs report also helped boost prices as it raised expectations that […]

Oil prices were lower today trading down on easing of supply tightness. Markets traded down further after hours as the API survey showed a jump a crude inventories. “If EIA shows less barrels are going into the refineries, then that is a problem for crude oil here,” Mizuho analyst Robert Yawger said. “Heading into peak […]

Oil prices steadied ending the day largely unchanged as a ceasefire in the middle east remained elusive. Earlier in the day some news organizations reported a ceasefire agreement had been reach which sent prices lower. Ultimately this was disputed and prices traded higher later in the session. “(A possible agreement) took some air out of […]

Oil prices were lower today, closing down week over week for their steepest weekly loss in three months. Investors are weighing weak US jobs data as it relates to possible timing of a Fed interest rate cut. Higher for longer rates would curb economic growth in the worlds leading oil consuming nation. US job growth […]