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The Crude Market Posted an Outside Trading Day and Ended the Week 2.36% Lower as the Geopolitical Risk Premium Dissipated

November 6, 2023
Recap:  The crude market posted an outside trading day and ended the week 2.36% lower as the geopolitical risk premium dissipated. Early on Friday, the market continued to trend higher in follow through strength seen on Thursday. The market gradually traded higher in overnight tr ... Read More
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The Oil Market Broke a Three-Day Losing Streak and Settled in Positive Territory

November 3, 2023
Recap:  The oil market broke a three-day losing streak and settled in positive territory after it retraced its earlier losses. Early in the session, the market traded over the $82 level before further selling pushed the market to a low of $80.22. However, the market bounced off i ... Read More
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The Market Traded Lower in Overnight Trading as the Israel-Hamas Conflict Remained Contained

November 2, 2023
Recap:  The oil market posted an outside trading day on Wednesday, when it gave up its early gains and extended its losses into a third consecutive session. The market traded lower in overnight trading as the Israel-Hamas conflict remained contained and news of the first group of ... Read More
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The Oil Market Traded Lower as it Positioned Itself Ahead of the Weekly Petroleum Stock Reports

November 1, 2023
Recap:   The oil market traded lower as it positioned itself ahead of the weekly petroleum stock reports and the outcome of the Federal Reserve meeting on Wednesday. The market was pressured as Israel’s ground offensive in the Gaza Strip has not caused any further escalation of c ... Read More
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The Oil Market Fell on Monday with Fears Easing About the Israel-Hamas War Disrupting Supply

October 31, 2023
Recap:  The oil market fell on Monday with fears easing about the Israel-Hamas war disrupting supply. While the war between Israel and Hamas intensified with Israeli troops and tanks attacking Gaza’s main northern city from the east and west on Monday, the third day of its ground ... Read More
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The Market Was Weighing Concerns Over the Economy and the Concerns Over the Conflict Between Israel and Hamas Spreading in the Middle East

October 30, 2023
Recap:  On Friday, the oil market traded mostly sideways before it rallied ahead of the weekend. Throughout the session, the market was weighing concerns over the economy and the concerns over the conflict between Israel and Hamas spreading in the Middle East. The oil market trad ... Read More
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The Oil Market Traded Mostly Within Thursday's Trading Range as Concerns Over the Economy Weighed on Sentiment

October 27, 2023
Recap:  The oil market traded mostly within Thursday's trading range as concerns over the economy weighed on sentiment. The market remained supported in overnight trading and breached Wednesday’s high of $85.56 as it posted a high of $85.59. However, the market erased its gains a ... Read More
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The Crude Market Traded Higher on Wednesday as the Market Remained Concerned About the Israel-Hamas Conflict

October 26, 2023
Recap:  The crude market traded higher on Wednesday as the market remained concerned about the Israel-Hamas conflict. The market traded sideways in overnight trading ahead of the release of the EIA’s weekly petroleum stock reports. However, the market breached its previous low an ... Read More
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The market traded sideways in overnight trading, posting a high of $86.30 before it continued to erase its previous gains

October 25, 2023
Recap: The oil market on Tuesday continued to trend lower as diplomatic efforts in the Middle East continued to contain the conflict between Israel and Hamas. On Monday, Hamas freed two Israeli women, while the U.S. advised Israel to hold off on a ground assault in the Gaza Strip ... Read More
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The Oil Market Traded Lower on Monday as it Continued to Erase Previous Gains in Light of the Diplomatic Efforts Over the Weekend to Prevent the Gaza Conflict From Spreading

October 24, 2023
Recap:  The oil market traded lower on Monday as it continued to erase its previous gains in light of the diplomatic efforts over the weekend to prevent the Gaza conflict from spreading. The recent diplomatic developments helped ease tensions, bringing some hope of a de-escalatio ... Read More
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