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EIA report showed builds in U.S. gasoline and distillate stockpiles

September 7, 2018
Recap: Oil prices gained early in the session, getting a boost from a weaker dollar and healthy U.S. demand. However, these early gains were short-lived, as traders turned their focus to emerging markets and trade wars between China and the U.S; as a new round of tariffs draw nea ... Read More
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Oil prices slipped on Wednesday after Tropical Storm Gordon petered out as it hit the U.S. Gulf Coast

September 6, 2018
Recap: Oil prices slipped on Wednesday after Tropical Storm Gordon petered out as it hit the U.S. Gulf Coast, without leaving any damage to oil-producing infrastructure. With the storm being a non-event, refining operations resumed. This combined with heightened demand concerns i ... Read More
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Tropical Storm Gordon could potentially lead to supply disruptions

September 5, 2018
Recap: Oil prices rose on Tuesday, gaining strength on the potential that Tropical Storm Gordon could reach hurricane status by the time it is set to hit the U.S. Gulf Coast thereby leading to supply disruptions. However, gains were kept at bay by expectations crude oil stockpile ... Read More
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Oil prices retreated from their highest level in 7-weeks

September 4, 2018
Recap: Oil prices retreated from their highest level in 7-weeks, pressured by rising production by the U.S. and OPEC and by renewed concern that the global trade war between China and the U.S. would hamper demand for oil. Despite the sell-off, WTI held near $70.00 a barrel, held ... Read More
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Oil prices hit their highest level in over a month

August 31, 2018
Recap: Oil prices rose to their highest level in over a month, with WTI breaking above $70.00 a barrel for the first time since July 11th and Brent breaching $78.00 a barrel in as much time. The climb that began in mid- August continues to gain support from the prospect of renewe ... Read More
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Oil prices rose to their highest level in a month

August 30, 2018
Recap: Oil prices rose to their highest level in a month, after the EIA report showed U.S. crude oil inventories fell 2.6 million barrels, higher than the expected 1 million barrels. October WTI settled at $69.51, a barrel, up 98 cents, or 1.4%. This was the highest settlement fo ... Read More
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The U.S.-Mexico trade deal is expected to prop up demand for oil

August 29, 2018
Recap: Oil prices slipped on Tuesday, stemming a two-day ascent, as traders turned toward profit taking ahead of this week’s inventory reports. The downward move was kept at bay by the weakness in the dollar and by the U.S-Mexico trade deal, which is expected to prop up demand fo ... Read More
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Traders remain on edge as they await the outcome of trade wars between China and the U.S

August 28, 2018
Recap: Oil prices finished higher on Monday, with WTI experiencing an inside trading session, and Brent rising to a seven-week high. Prices gained support on fresh trade talks between the U.S. and Mexico, which would nullify the North American Free Trade Agreement. A new trade de ... Read More
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There was a cut of 9 U.S. drilling oil rigs in the week ending August 24th

August 27, 2018
Recap: Oil prices continued to forge ahead Friday on reports China will resume the purchase of U.S. crude oil in October, and on heightened concern U.S. sanctions against Iran could lead to supply shortages. Adding to the higher move was a cut in U.S. oil drilling rigs, which fel ... Read More
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Trade tensions between China and the U.S. pressured commodities across the board

August 24, 2018
Recap: Oil prices fell from a 2-week high, as escalating trade tensions between China and the U.S. pressured commodities across the board. The commencement of the tariffs is expected to hamper demand for oil, which overturned the bullish reaction to this week’s U.S. inventory rep ... Read More
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