Oil

West Texas Intermediate crude futures settled at $82.10, up $0.69, or 0.85%. The gains come after three straight sessions of losses, and were driven by positive demand expectations from OPEC and a large drawdown in U.S. inventories. The US…

Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily…

By Colleen Howe and Trixie Yap (Reuters) - Oil prices were little changed on Tuesday after a hurricane that hit a major U.S. oil production hub in Texas caused less damage than markets had expected, easing concerns about supply…

By Erwin Seba HOUSTON (Reuters) - The U.S. Coast Guard warned on Monday that ports from Corpus Christi to Houston, Texas, could be closed due to Hurricane Beryl, which is expected to make landfall by Monday morning south of Port Lavaca.…

RiverNorthPhotography/iStock Not published via Getty Images Canadian heavy crude prices rose for the second day After Suncor Energy Company (New York Stock Exchange: SU) said it had reduced production at its Firebag oil sands site, a…

SlavkoSereda/iStock via Getty Images Crude oil futures fell on the day while recording a fourth straight weekly gain, supported by a much larger-than-expected drawdown in U.S. crude inventories, renewed hopes that the U.S. Federal…

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…

West Texas Intermediate crude oil futures settled at $82.81, down $0.57 or -0.68%.The price fell after trading at a two-month high of $84.38 earlier today. This was just $0.08 below the April 26 high of $84.46 (see chart above).On the…

Slavko Sereda/iStock via Getty Images Crude oil futures ended the week and month with gains as expectations for summer demand will continue to rise. Oil prices fell to multi-month lows in early June when OPEC+ said it would start easing…

US crude oil prices look poised to break a technical consolidation level. Will this lead to another rally for the commodity?The 4-hour chart may give us more clues: Crude Oil WTI (USOIL) 4 hours Chart by TradingView WTI Crude Oil (US…