inventories

The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter!The Ministry…

SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday, snapping a three-session losing streak, after the United States reported a much larger-than-expected draw in crude inventories last week, marking a third straight…

SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, in thin trading ahead of the U.S. Independence Day holiday. The weekly report from the US Energy…

Slavko Sereda/iStock via Getty Images Oil futures posted strong weekly gains that offset the big decline that followed OPEC's June 2 announcement of its plan to begin bringing back about 2.2 million barrels per day of crude oil…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

Brent Crude News and AnalysisUS crude prices are under pressure againThis year’s strong move has brought out profit takersOPEC Isn’t expected to alter its policy of production cuts next weekLearn why oil fundamentals are crucial to…

© Reuters. FILE PHOTO: A truck loads concentrated brine at SQM lithium mine at the Atacama salt flat, in Antofagasta region, Chile, May 3, 2023. REUTERS/Ivan Alvarado/File Photo (Reuters) - SQM, the world's second-largest lithium…

Oil futures hit a 2023 high on Wednesday after inventories at the largest storage hub in the US fell toward levels nearing operational minimums.West Texas Intermediate (CL=F) jumped more than 3% to settle at $93.68 per barrel following a…