Fundamental Analysis: The Federal Reserve’s decision on interest rates will likely have an effect on oil prices, and the oil market is waiting for it. Weekly EIA data and quarterly
Wells Fargo analysts noted in a note dated Monday that despite increased geopolitical tensions in the Middle East, especially in the aftermath of major violent episodes involving Hamas and Hezbollah
The outcome of the next US election may have a big impact on energy policy, especially for the oil and gas industry. Morgan Stanley strategists talked about the possible developments
Despite slightly declining on Friday, oil prices were poised for a second consecutive week of rises as optimism over demand from the world’s largest oil user was bolstered by recent
On Wednesday, oil prices somewhat decreased as concerns that a broader Middle East conflict may jeopardise output in one of the world’s key locations for petroleum production subsided while U.S.
Tuesday saw significant gains in US markets as less-than-expected inflation statistics raised the possibility of a significant September interest rate reduction from the Federal Reserve. The Dow Jones Industrial Average
U.S. recession subsided and geopolitical tensions in the Middle East rose. At 0635 GMT, Brent crude futures went up 28 cents or 0.4%, to $79.94 per barrel, whereas West Texas
The 2024 U.S. presidential election could significantly reshape the energy landscape, particularly if Donald Trump reclaims the presidency, according to analysts at Mizuho in a recent note. Drawing from an
The fluctuations in oil prices are a subject of great interest and concern for economies, businesses, and consumers alike. Recently, U.S. oil prices have seen a noticeable decline. Understanding the
Oil prices ascended by 3% on Wednesday, recovering from their multi-month lows, following data that indicated a larger-than-anticipated draw in U.S. crude stockpiles, despite ongoing concerns about weak crude demand