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Prices were spurred higher by the 5.8 million barrel draw in U.S. crude oil inventories

August 23, 2018
Recap: Oil prices climbed 3% on Wednesday, with WTI experiencing its largest one day gain in almost two-months, while Brent rose to its highest level in two-weeks. Prices were spurred higher by the larger than expected 5.8 million barrel draw in U.S. crude oil inventories. Expect ... Read More
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Oil prices were pushed higher due to concerns over supplies and a weak dollar

August 22, 2018
Recap: Concerns about tightness in supplies combined with a weak dollar pushed oil prices higher on Tuesday, making this the fourth straight session prices rose. Despite the lack of fresh fundamentals, oil prices continue to experience volatility, as rhetoric over global trade wa ... Read More
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Concerns shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran

August 21, 2018
Recap: Oil prices rose on Monday, stemming three weeks of losses, as concern shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran. The focus is now on supply shortages rather than economic growth, which is expected to slow due to the tra ... Read More
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The market started to retrace its losses after the US and China said they would resume talks over their trade dispute

August 20, 2018
Recap: The crude market traded higher on Friday as it continued to retrace some of its recent sell off.  Prices this week were weighed down by the Turkish currency crisis, a stronger dollar, signs of weaker global demand and the unexpected build in crude stocks.  However, the mar ... Read More
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Investors are concerned over the currency crisis in Turkey

August 17, 2018
Recap: The oil market opened 6 cents lower and sold off to a low of $64.43 in overnight trading as it remained pressured following Wednesday’s sharp losses.  However, the market bounced off its low and retraced some of its previous losses.  The market rallied to $65.50 by mid-day ... Read More
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EIA's report showed an unexpected build of 6.8 million barrels

August 16, 2018
Recap: The oil market opened 42 cents lower following Tuesday afternoon’s release of the API report, which showed an unexpected build in crude stocks of 3.7 million barrels.  The market posted a high of $66.90 before it breached its previous low and continued to trend lower, find ... Read More
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Prices fell as the dollar strengthened and as the financial crisis in Turkey heightened economic concerns

August 15, 2018
Recap: Oil prices tried to claw their way back from yesterday’s down day, but was held down by a strengthening dollar. Gains in equity markets spilled over into crude oil, pushing September WTI above $68.00 a barrel, and October Brent to just below $74.00 a barrel. Prices fell as ... Read More
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Oil prices fell sharply in early trading on Monday

August 14, 2018
Recap: Oil prices fell sharply in early trading on Monday after an industry source hinted that U.S. crude oil inventories held at Cushing, OK fell during the week ending 8/3/2018 and as concern grew over Turkey’s financial crisis and its impact on emerging markets. Prices fell as ... Read More
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There are concerns that trade wars between China and the U.S. will diminish demand

August 13, 2018
Recap: Oil prices finished higher on Friday. However, they posted their second weekly loss as forecasts for higher global demand and U.S. sanctions against Iran shortcut the effects of supply increases from Russia and concern that trade wars between China and the U.S. will dimini ... Read More
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Trade tensions between China and the U.S. caused oil prices to slip for the second straight session

August 10, 2018
Recap: After a sharp move lower on Wednesday, oil prices slipped for the second straight session Thursday on escalating trade tensions between China and the U.S. After a feeble attempt on the upside, oil prices fell back below unchanged, but were unable to surpass the lows of yes ... Read More
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