Oil

Brent Crude Oil News and AnalysisOil unable to arrest the decline despite imminent SPR purchasesSaudi Arabia issues support for additional supply cuts and a slow withdrawal of the policy to keep prices stabilizedThe analysis in this…

Andrew Burton/Getty ImagesOil prices moved lower on Monday for the third consecutive session even as OPEC+ cut production.The outlook for global oil demand has weakened, and crude prices have dropped two months in a row.Meanwhile, energy…

Sentiment is great in most markets right now but oil is certainly an exception. WTI crude oil fell again today, dropping $1.03 to $73.04.The November low was $72.16 and it's not hard to find discouraged energy market participants talking…

CRUDE OIL ANALYSIS & TALKING POINTSOPEC+ decision to extend cuts unable to bolster crude oil prices.Potential USD rebound may hinder crude oil bulls.Bearish signals could see crude oil prices breakdown further.Elevate your trading…

It's a buy-everything market today, with one big exception.Oil fell sharply today in the past two hours. The catalyst: US oil drilling rigs rose by 5 in the latest Baker Hughes weekly count. OPEC+ now has around 5 million barrels per day of…

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SlavkoSereda/iStock via Getty Images U.S. crude oil surrendered early gains and tumbled more than 2% Thursday, even after OPEC+ announced some member nations agreed to voluntary cuts approaching 2M bbl/day starting in January, as…

Oil prices have dribbled just a little lower in Asia trade. The move is very small ahead of the OPEC+ meeting later today:OPEC + is the Organization of Petroleum Exporting Countries and its allies such as RussiaScuttlebutt on the meeting…

Oil Analysis, Prices, and ChartsThe virtual OPEC+ meeting starts on Thursday and may prove fractious.Oil prices are set to tread water ahead of any announcements.Download our complimentary guide on How to Trade Oil Recommended by Nick…

Breadcrumb Trail LinksPMN BusinessSaudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.Author of the article:Bloomberg…