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Oil futures dropped on Friday, reversing gains from the previous trading day amid ample supplies and weak demand fundamentals, while market participants await a meeting between U.S. President Donald Trump and Russian President Vladimir...
Oil prices edged up Thursday morning after slipping to a more than two-month low in Wednesday's session following the International Energy Agency forecasting an even larger oil glut by the end of the year.
Oil prices slipped Wednesday morning following the newest supply and demand growth forecasts published by the International Energy Agency.
Oil prices settled lower on Tuesday, reversing gains from the previous trading session, after U.S. President Donald Trump postponed by another three months the imposition of trade-prohibitive tariffs on imported Chinese goods.
Oil prices softened Tuesday morning, erasing gains from the previous trading session.
Oil prices steadied Monday morning as market participants geared up for a macro-data heavy week ending in a meeting between Presidents Donald Trump and Vladimir Putin on Friday.
Oil prices extended losses Friday morning after having declined for six consecutive trading days and were set for the steepest weekly drop since late June.
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Government reports include U.S. Retail Sales, Industrial Production and Capacity Utilization and Consumer Sentiment. We'll be watching for additional flash export sales at 8 am. Cattle on Feed report is at 2 pm. At 2:30 pm, the CFTC Commitment of Traders report will be released.
WeatherA front that moved into the Northern Plains on Thursday is stretching out across the northern U.S. on Friday and will be producing periods of showers and thunderstorms through the weekend. Some areas of severe weather and heavy rain will be possible while temperatures increase south of the front.
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