Oil and natural gas prices weakened as progress on the Russia–Ukraine peace and soft Chinese data weighed on sentiment.
WTI crude oil extended losses on supply glut fears and weak demand, while natural gas maintained a bullish structure supported by strong fundamentals and geopolitical tensions.
Standard Chartered analysts have forecast a 400,000 bpd reduction in global oil demand year-over-year in the fourth quarter. The analysts believe positivity about Chinese oil demand may be premature, ...
NEW YORK (Reuters) - Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude.
As the dollar ebbs and flows, oil prices have consolidated. I see key support repeatedly being tested on the prompt-month WTI oil futures price. Based on the chart feature, I assert a bearish ...
Prices for gas at the pump have turned negative on the year after plunging 18% since September. The average price of a gallon of gas in the US fell to $3.20 this week, compared to $3.90 a few months ...