Crude Oil Price Forecast – Crude Oil Continues to See Buyers
The crude oil market continues to see buyers coming into it, as the market focuses on the idea of inflation and potential growth, as the Federal Reserve has decided to cut 50 basis points. Also, we ...
U.S. crude oil rises nearly 1%, trades above $71 per barrel after Fed rate cut
Crude futures are on the rebound after the Fed surprised many in the market with a big rate cut. Tensions between Israel and Hezbollah are also escalating. U.S. crude oil rose nearly 1% on Thursday, ...
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Volatile Oil Prices Keep Fuel Rates Unchanged Amid Political Uncertainties
International oil prices have been fluctuating widely, impacting petrol and diesel rates in India. Despite a drop in input ...
Oil prices rise after Fed delivers big interest-rate cut
The rate cut "could support economic activity and stimulate energy demand in the U.S., contributing to higher oil prices. However, the large move also sparked concerns about a potential economic ...
The Fed Prioritizes the Economy. Stock Futures Charge Higher.
There’ll be no prizes for guessing what’s moving markets this morning. The Federal Reserve’s decision to [slash interest rates by a jumbo 50 basis points]( ...
Dow, S&P 500 Erase Gains Despite Robust Rate Cut
Oil prices settled modestly lower on Wednesday as investors unpacked conflict in the Middle East, falling crude inventories, and the Fed's interest rate cut. October-dated West Texas Intermediate (WTI ...
Sector Update: Energy Stocks Rise Late Afternoon
Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index up 0.6% and the Energy Select Sector SPDR Fund (XLE) rising 0.3%. The Philadelphia Oil Service Sector index was ...
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Oil Prices Rise on Jumbo Fed Rate Cut
The U.S. crude oil benchmark, West Texas Intermediate (WTI), was trading down nearly a percentage point, with Brent crude not ...
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Here's Why Hold Strategy is Apt for ConocoPhillips (COP) Now
ConocoPhillips COP, a leading upstream energy firm in the world in terms of production and reserves, is well-positioned to capitalize on handsome crude prices. Currently, the firm carries a Zacks Rank ...
Nymex Overview: Petroleum Futures Shed Earlier Gains to Move Lower — OPIS
Declines in the futures markets were also sending gasoline and diesel prices lower in spot markets around the nation. While most declines mirrored those seen by futures, CARBOB in the Los Angeles ...
US crude inventories hits lowest level in a year, fuel builds, EIA says
U.S. crude oil stockpiles fell while gasoline and distillate inventories rose last week, the Energy Information ...
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Oil Prices Slide as Rising U.S. Stockpiles Offset Middle East Tensions
Oil prices dipped slightly on Wednesday as signs of rising U.S. stockpiles countered concerns about escalating tensions in ...