Crude oil heads to weekly loss as looming surplus depresses market

U.S. crude oil is down more than 2% this week, while Brent has shed nearly 2%.

Business - CNBC - 1 hour ago

Oil prices head for weekly fall on bets for a ‘looming surplus’, soft China demand

Oil futures declined on Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the world’s largest crude importer — ...

Business - MarketWatch - 2 hours ago

Oil prices end lower with weekly U.S. crude supplies up by over 5 million barrels

Oil futures settled lower Wednesday as official U.S. data showed an unexpected weekly climb in domestic crude inventories, prompting prices to post their first loss in three sessions.

Business - MarketWatch - October 23

Oil prices settle higher but stay on track for a weekly loss

Oil futures finished higher for a third consecutive session on Thursday, but prices remained lower for the week on the back of strength in the U.S. dollar and the latest forecast from the ...

Business - MarketWatch - 21 hours ago

U.S. oil prices log biggest weekly drop in a year as demand concerns persist

Crude futures finished with a loss on Friday, just a day after posting a gain for the first time in five days, with prices of the U.S.-traded benchmark ending below $70 a barrel and marking its ...

Business - MarketWatch - October 18

Oil scores back-to-back gains, but ‘bearish landscape’ remains

Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses suffered last week, with prices supported by some upbeat prospects for Chinese demand and ongoing ...

Business - MarketWatch - October 22

Oil prices end higher after tapping a 2-week low

Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas drillers under the incoming administration of President-elect Donald Trump.

Business - MarketWatch - Yesterday

U.S. crude oil edges lower after worst day in two years

Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.

Business - CNBC - October 29

Oil prices finish higher for the week as Middle East worries linger

Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices.

Business - MarketWatch - October 25

U.S. crude oil rebounds nearly 2% after selling off last week

Traders increasingly believe Israel-Iran tensions will not lead to an oil supply disruption in the Middle East.

Business - CNBC - October 21

U.S. crude oil prices rise more than 2%, extend gains to above $72 per barrel

Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely.

Business - CNBC - October 22

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...

World - The Guardian - October 23

U.S. oil posts worst day in two years after Israel spares Iran crude facilities

Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.

Business - CNBC - October 28

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - October 29

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...

Business - MarketWatch - October 30

Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’

Crude futures finished higher on Thursday for the first time in five sessions, supported in part by an unexpected decline in last week’s U.S. crude inventories, which followed sizeable back-to-back ...

Business - MarketWatch - October 17

Iranian markets slide and flights cancelled as Israeli attack looms

Country braced for retaliation after Tehran’s ballistic missile strike earlier this month

World - Financial Times - October 21

‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election

As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.

Business - The New York Times - October 25

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 31

Oil prices end lower on progress toward Israel-Hamas cease-fire talks

Oil futures finished lower on Thursday, after comments from U.S. Secretary of State Antony Blinken suggesting progress toward Israel-Hamas cease-fire negotiations eased the risk of disruptions to ...

Business - MarketWatch - October 24

Israel’s attack on Iran spares oil, nuclear facilities and probably markets too

Israel launched air strikes against military targets in Iran on Saturday in its long anticipated retaliation for an Iranian missile attack on October 1st, but avoided hitting energy infrastructure ...

Business - MarketWatch - October 26

Trafigura warns of up to $1.1bn loss over Mongolian oil scandal

Commodity trader is taking action against a ‘small number’ of insiders involved in the alleged fraud

Business - Financial Times - October 30

Oil prices end with a modest loss as Trump’s win lifts the dollar

Oil futures finished lower Wednesday, but pared much of the earlier losses that pulled U.S. prices briefly below $70 a barrel, as traders weighed the potential impact of former President Donald ...

Business - MarketWatch - November 6

UN nuclear head to visit Iran for nuke talks as next Trump presidency looms

The head of the United Nations’ nuclear watchdog says he will travel to Iran in the coming days to hold talks regarding the country’s nuclear program

World - ABC News - 5 days ago

Viking Therapeutics’ stock soars 18% as data on oral weight-loss drug looms

Viking Therapeutics Inc.’s stock soared 18% Thursday, after the biotech, which is developing a weight-loss drug in pill form that has raised high hopes among analysts and investors, posted earnings ...

Business - MarketWatch - October 24

Young voters react to Harris loss to Trump as questions about party future loom

Democrats will have to analyze 2024 presidential race data to understand Vice President Kamala Harris' loss against former President Donald Trump. Meanwhile, young voters are reacting to the ...

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