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Oil prices fell to their lowest level in almost a year

November 21, 2018
Recap: Oil prices fell to their lowest level in almost a year, as the stock market plunged 9 percent on growing concern over slowing global economic growth. Amid the uncertainty, financial traders have become wary of oil markets, seeing further downside risk to prices from the gr ... Read More
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Crude oil continues to experience wild swings

November 20, 2018
Recap: Crude oil continues to experience wild swings, as investors grapple with an oversupplied market amid U.S. lead sanctions against Iran and possible production cuts from OPEC. U.S. oil gapped higher on the open, but quickly turned lower as mounting supplies added pressure. J ... Read More
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Talk of production cuts provided a lift for oil prices

November 19, 2018
Recap: U.S. crude oil closed in on the $58.00 level in early trading, but was unable to sustain strength. By midday, December WTI fell below unchanged, posting a session low of $55.89. While talk of production cuts provided a lift, the rise in the U.S. active rig count kept gains ... Read More
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The EIA reported a 10.3 million barrel build in U.S. crude oil inventories

November 16, 2018
Recap: Crude oil prices continued to bounce from the extreme sell-off made earlier in the week despite the 10.3 million barrel build in U.S. crude oil inventories as reported by the EIA. The significant stockpile build, combined with growing concern about weakening global demand ... Read More
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Oil markets continued downward spiral for 12th consecutive trading session

November 14, 2018
Recap:  The oil markets continued to be in an unrelenting downward spiral for the 12th consecutive trading session Tuesday, as speculative traders continued flee this market. The U.S. oil markets saw two bursts of selling, the first came around 10 AM EST as the downward trend lin ... Read More
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Rising production and softening U.S. sanctions against Iran pushed oil prices lower

November 13, 2018
Recap: U.S. President Donald Trump’s expression of disapproval over the possibility of production cuts combined with rising production and softening U.S. sanctions against Iran, slowed down what appeared to be the largest one-day gain in a month for oil prices. Oil prices, which ... Read More
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Oil prices marked tenth consecutive session of losses

November 12, 2018
Recap: U.S. oil prices fell to fresh multi-month lows on Friday, marking the tenth consecutive session of losses. Increasing global supplies continue to spread fear that fuel demand will suffer, as trade wars between China and the U.S. continue to raise concern over a weakening g ... Read More
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Oil prices fell for the ninth consecutive session on Thursday

November 9, 2018
Recap: U.S. oil prices fell for the ninth consecutive session on Thursday, with WTI reaching a five month low and Brent falling to its lowest level in three months, as geopolitical concerns, deteriorating demand and rising output continue to overshadow U.S. imposed sanctions on I ... Read More
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The EIA reported that U.S. crude oil production reached record levels

November 8, 2018
Recap: Oil prices fell for the eighth straight session on Wednesday after the EIA reported U.S. crude oil production reached record levels, as domestic crude oil inventories rose for the seventh week in a row. Prices began the session trading to the upside after it was reported t ... Read More
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Oil prices slipped on Tuesday

November 7, 2018
Recap: Oil prices slipped on Tuesday, as it appeared evident that traders are ignoring U.S. sanctions against Iran, especially after the U.S. granted exemptions to eight importers of Iranian oil. After gapping lower on the opening, WTI made a feeble attempt to recapture unchanged ... Read More
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