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The API reported a 7.9 million barrel drop in U.S. crude oil inventories

December 27, 2019
Recap: Crude oil prices rose on Thursday after the API reported a 7.9 million barrel drop in U.S. crude oil inventories. WTI rose to its highest level in 3 ½ months, with the February contract trading at a session high of $61.83 a barrel, before paring gains to settle at $61.68 a ... Read More
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Oil prices edged higher on Monday

December 24, 2019
Recap: Oil prices edged higher on Monday, despite reports indicating that a recent pact to curb global output by OPEC and its allies may be eased and as Kuwait and Saudi Arabia appeared close to a resolution on a disputed territory, which could see fresh oil hit the market in com ... Read More
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The number of active U.S. rigs drilling for oil increased by 18 to 685

December 23, 2019
Recap: Oil prices headed lower on Friday, with declines accelerating after Baker Hughes report that the number of active U.S. rigs drilling for oil increased by 18 to 685, marking the second straight week the number increased. February WTI fell $1.16, or 1.8%, to trade at a sessi ... Read More
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Oil futures logged their highest settlement since mid-September

December 20, 2019
Recap: Oil futures ended higher Thursday and logged their highest settlement since mid-September, with global benchmark prices stretching their gains to a sixth consecutive session. February WTI traded at a high of $61.40 a barrel before paring gains to settle at $61.22, up 29 ce ... Read More
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The U.S. government data revealed a weekly decline in domestic crude supplies

December 19, 2019
Recap: Oil futures struggled to stretch their streak of gains to a 5th session in a row, with U.S. prices seesawing as U.S. government data revealed a weekly decline in domestic crude supplies that was smaller than the market expected. January WTI rose 24 cents, or 0.4%, to a ses ... Read More
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Oil futures rose more than 1% on Tuesday

December 18, 2019
Recap: Oil futures rose more than 1% on Tuesday, with WTI trading above $61.00 a barrel for the first time since mid- September and Brent breaching $66.00 in equally as much time. Prices were supported by hopes that a trade deal between the U.S. and China would boost demand for o ... Read More
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Oil futures held close to three month highs on Monday

December 17, 2019
Recap: Oil futures held close to three month highs on Monday, gaining as the U.S. and China have come to an agreement on what is being referred to as phase-one of the trade talks between the two countries. January WTI held above $60.00 for the second straight day, to close the se ... Read More
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Oil futures climbed on Friday, with U.S. prices touching their highest levels since mid-September

December 16, 2019
Recap: Oil futures climbed on Friday, with U.S. prices touching their highest levels since mid-September, after China said it has reached an agreement on the text of a phase one trade agreement with the United States. A drop in the U.S. dollar coupled with a strong pound also hel ... Read More
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Oil futures bounced to their highest levels of the session on Thursday

December 13, 2019
Recap: Oil futures bounced to their highest levels of the session on Thursday following a tweet from President Donald Trump that hinted the U.S. was close to a trade deal with China. Oil prices were already on the rise after the U.S. Federal Reserve left interest unchanged, boost ... Read More
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Oil futures fell after U.S. government data showed an unexpected climb in domestic supplies of crude oil

December 12, 2019
Recap: Oil futures fell Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Also adding pressure to the market is the anticipation of a fresh round of U.S. tariffs expec ... Read More
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