MCLMAIN Micro Crude Oil Futures(AUG4)
- 81.36
- +0.07+0.09%
Micro Crude Oil Futures(AUG4) News
Crude Oil Tests Higher Ground on Quiet Wednesday, WTI Touches $81.00
Barrel bids tested into fresh peaks on Wednesday, but remain subdued.
US Shale Oil Output to Grow for Years Before Peaking, HSBC Says
Crude Oil Snaps Higher as Hopes of Rising Demand Continue to Bolster Barrel Bids
WTI climbs to $80 per barrel as energy markets hope for summer demand uptick.
WTI Oil Price Analysis: Closing in on Cluster of Resistance in the $79.00s
The persistence of the short-term uptrend will depend on a decisive break of this resistance barrier.
There are signs of tightening supply and increasing prices in the European diesel market.
The European diesel market is showing signs of tightening.
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.
WTI Stays Timid Around $78.00 Ahead of US PPI
WTI Oil price remains steady ahead of the release of US producer price figures on Thursday.
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.
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.
Energy Aspects: It is unlikely that OPEC+ will increase oil production in 2024.
Founder of Energy Aspects, a third-party energy research and advisory institution, Amrita Sen, said that if global demand does not increase, OPEC+ member countries may not need to increase oil production later this year.
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.
IEA警告！石油2030年将面临严重产能过剩，届时OPEC+也“无力回天”
石油闲置产能超过800万桶/天
WTI Hovers Around $78.00 After EIA's Forecast of Optimistic Global Demand
WTI may appreciate as the US Energy Information Administration anticipates optimistic global demand.
Crude Oil at Risk of Snapping Recovery Streak as Markets Head Towards Wednesday's Fed Showing
West Texas Intermediate (WTI) US Crude Oil failed to extend an ongoing recovery on the back of renewed hopes of a global supply drawdown.
Oil Inches Lower After Rally as Investors Await U.S. Inflation Data, Fed Meeting
0748 GMT - Oil prices edge lower as investors await key U.S. inflation data and the Federal Reserve's policy meeting outcome for more clarity on the path of rate cuts and how that will affect demand.
WTI Reaches to Near $77.50 Due to Expectations of Increased Summer Demand
WTI price gained ground due to rising expectations of increased fuel demand this summer.
USA's oil & gas production is showing a stable trend and is expected to continue the current trend in the future.
Since mid-2022, due to the sharp drop in oil prices, drilling rigs and completion personnel have been idle for a long time. Now, the production of oil & gas in the USA is finally showing signs of stability.
Saudi Energy Minister: Do not agree with Goldman Sachs' bearish view on oil prices! OPEC+ can suspend or reverse oil production increases.
Zhixin Finance APP learned that Saudi Energy Minister Abdulaziz bin Salman said on Thursday that if the market weakens, OPEC+ can pause or reverse oil production growth.
Crude Oil Extends Recovery, WTI Tests $75.50
WTI continues to recover ground as rate cut hopes bolster appetite.
Oil Extends Advance on Technical Support After OPEC+ Selloff
Oil clawed back some losses for a second session with technical support after OPEC+’s plan to return barrels to the market sparked a selloff at the start of the week.