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.

FXStreetJun 17 16:19 ET

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

The European diesel market is showing signs of tightening.

Zhitong FinanceJun 14 09:00 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.

FXStreetJun 14 00:28 ET

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.

FXStreetJun 13 04:35 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