iPath Pure Beta Crude Oil ETN

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Oil traders take some profits off the table near multi-week highs.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Are Flat As Traders Wait For Catalysts

The oil market has been somewhat quiet during the Wednesday holiday in the United States, but it has shown signs of rallying higher, and breaking out. This is probably a sign that you should be paying attention to.

Crude Oil Price Forecast – Crude Oil Continues to Drive Higher

Given the current geopolitical tensions and the supportive demand outlook from OPEC, oil prices are likely to remain well-supported in the near term.

Crude Oil News Today: Underpinned by Geopolitical Tensions, US Stock Build

Oil prices remain steady as U.S. crude stocks unexpectedly rise by 2.2 million barrels, highlighting supply concerns amidst global conflicts.

Natural Gas and Oil Forecast: Oil Steady, U.S. Crude Stocks Up 2.2M Barrels

Oil rose slightly in early trade on Wednesday as concern over escalating conflict in Europe and the Middle East offset demand worries following an unexpected build in U.S. crude inventories.

Oil inches up as war jitters outweigh surprise build in U.S. crude stocks

Crude oil's bullish breakout above the 200-Day and 50-Day MAs indicates strong demand and potential for further upside, with resistance at 82.1.

Crude Oil Price Forecast: Surpasses Key Resistance, Eyes Further Gains

Oil markets are moving higher as traders bet on strong demand.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Week Highs As Rally Continues

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Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Gold, silver lifted by downbeat U.S. economic data, rally in oil

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U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining around 0.1% on Tuesday.

Crude Oil Rises 1%; DermTech Shares Plummet

The crude oil markets certainly continue to see a lot of noise, which makes sense as we are testing serious resistance barriers. The time of year is typically bullish, and the geopolitical issues haven't gone anywhere.

Crude Oil Price Forecast – Crude Continues to Test Resistance

The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD.

Brent Oil Has Risen In Price: Reliance On Stock Market Demand Has Worked

West Texas Intermediate futures are holding above $80 per barrel after rallying more than 2% in the previous session. Oil prices have emerged from a recent decline as summer fuel demand is expected to draw down inventories.

U.S. crude oil holds above $80 per barrel after starting week with strong gains

Oil futures edged lower early Tuesday, consolidating after a substantial rebound from mid-month lows as investors gauged signals on the outlook for crude demand.

Oil prices struggle for direction as traders gauge global demand outlook

Anticipated U.S. crude inventory drop, OPEC+ cuts, and rising summer demand point to a short-term bullish outlook for crude oil prices.

Crude Oil News Today: Bullish Traders Eye $80.11 as Breakout Trigger

WTI Crude Oil approaches $79.50, with an upward channel suggesting potential for continued bullish momentum and increased buying interest.

Natural Gas and Oil Forecast: WTI Nears $79.50; Upward Channel to Drive Buying

Oil prices ticked up in early trade on Tuesday, extending gains from the previous session on a stronger demand outlook and investor confidence that OPEC+ producers could pause or reverse plans to raise supplies from the fourth quarter of this year.

Oil up on firming demand, Mideast tensions underpin risk premium

Global oil supply growth will likely slow down this year, Rystad Energy said in a report on Monday, with a high possibility of a further decrease in 2025.

Oil supply growth set to taper in 2024, Rystad Energy says

The crude oil market bounced a bit in the early hours of Monday, as the market continues to see plenty of reasons for a potential rally. This time of year, is typically bullish, and the geopolitics of the Middle Erast is almost always a potential bullish factor as well.

Crude Oil Price Forecast – Crude Oil Continues to Look Strong Overall

Oil prices are moving higher after snapping a three week losing streak. Traders are sifting through what mixed economic data out of China may mean for demand.

Oil prices rise after booking best week since April as traders sift through China economic data

Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May.

Oil prices hold ground after slowdown in China crude demand

he Biden Administration has made cutting carbon emissions that are overheating the planet and throwing weather patterns out of balance a top priority, aggressively promoting electric vehicles and all forms of clean energy. Not surprisingly, that's not sitting well with companies that make enormous profits selling fossil fuels.

Big Oil Strikes Back

The anticipated increase in demand from the summer driving season and potential inventory drawdowns support a positive trend for crude oil prices.

Crude Oil News Today: Steady Despite Mixed Chinese Data

Despite mixed signals and a dip on Friday, oil prices ended the week higher, sparking hopes of a bullish reversal.

Natural Gas and Oil Forecast: Oil Supported, Bullish Bounce Ahead?

The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday.

US ready to reopen oil stockpile if petrol prices surge again, FT reports

Oil prices slipped in early Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as traders awaited the release of key economic data from China, the world's biggest crude importer.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)