There are signs of tightening supply and increasing prices in the European diesel market.

The European diesel market is showing signs of tightening.

Zhitong Finance09:00 ET

WTI Holds Its Position Above $77.50 Due to Optimistic Demand Forecasts

WTI Oil price retraces its recent losses due to optimistic forecasts regarding crude demand for the remainder of 2024.

FXStreet00:28 ET

Going against Goldman Sachs! Citigroup is bearish on oil prices, predicting a fall to $74 in the fourth quarter.

Citigroup's latest report paints a bleak picture of the oil market.

Zhitong FinanceJun 13 02:56 ET

Crude oil trade reminder: Middle East tensions push up oil prices, but the Federal Reserve's attack has hit bullish morale.

Oil prices rose and fell on Wednesday, supported by continued tensions in the Middle East. Earlier in the day, oil prices rose nearly 2% to a two-week high, but closed mostly higher as the Federal Reserve's two-day meeting ended with a statement indicating that interest rate may not be lowered until December.

FX678 FinanceJun 12 20:50 ET

Crude Oil Rally Stumbles After Fed Leans Away From Rate Cuts, WTI Falls Back Below $78

Crude Oil markets rose on Wednesday before trimming gains post-Fed.

FXStreetJun 12 16:59 ET

New Energy Forecast Points to Cheaper Oil -- and Gasoline -- Barrons.com

There is more oil being produced today than is being used in many parts of the world, which is one reason prices for both crude and gasoline have been weak. Average national gas prices are at $3.45 per gallon, down 17 cents from a month ago and 14 cents from a year ago, according to AAA.

Barron'sJun 12 13:35 ET