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The Oil Market Ended 1.15% Higher Amid the Intensifying Geopolitical Tension in the Middle East

April 11, 2024
Recap:  The oil market ended 1.15% higher amid the intensifying geopolitical tension in the Middle East. The oil market traded mostly sideways in overnight trading after the market erased some of its previous gains early in the week. The market traded to $86.02 early in the sessi ... Read More
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Hamas Said an Israeli Proposal on a Ceasefire Met None of the Demands of the Palestinian Militant Factions

April 10, 2024
Recap:  The oil market posted an inside trading day as it traded lower for a second day on Tuesday, amid continuing talks for a ceasefire in Gaza. While the talks in Egypt have so far failed to reach a breakthrough, Hamas said an Israeli proposal on a ceasefire met none of the de ... Read More
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The Crude Market on Monday Retraced Some of its Previous Gains Amid the News That Israel Was Withdrawing More Soldiers From Gaza

April 9, 2024
Recap:  The crude market on Monday retraced some of its previous gains amid the news that Israel was withdrawing more soldiers from Gaza and committing to talks on a potential ceasefire. On Sunday, Israel said it withdrew more soldiers from southern Gaza. The country has reduced ... Read More
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The Market's Gains Were Limited Early in the Session as the March Payrolls Data Surpassed Expectations

April 8, 2024
Recap:  On Friday, the oil market traded higher and posted a week gain of 4.5%. The market remained well supported by the geopolitical tensions in the Middle East after Iran vowed revenge against Israel earlier in the week for an attack that killed high ranking Iranian military p ... Read More
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The Oil Market Rallied Sharply Higher in the Afternoon Amid the Intensifying Geopolitical Tensions in the Middle East

April 5, 2024
Recap:  The oil market posted an outside trading day on Thursday after the market retraced some of its previous gains early in the session and later rallied sharply higher in afternoon trading amid the intensifying geopolitical tensions in the Middle East. The market traded mostl ... Read More
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OPEC+ Ministers Made No Changes to Their Current Output Policy at Their Last Meeting

April 4, 2024
Recap:  Oil prices continued on its upward trend on Wednesday, settling higher for the fourth consecutive session, amid the geopolitical concerns due to Ukraine’s attacks on Russian refineries and potential widening of the conflict in the Middle East, while OPEC+ ministers made n ... Read More
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The Oil Market Continued on its Upward Trend on Tuesday Amid a New Wave of Attacks

April 3, 2024
Recap:  The oil market continued on its upward trend on Tuesday amid a new wave of attacks on Russian and Ukrainian energy facilities and escalating tensions in the Middle East. Ukraine struck Tatneft’s Taneco refinery, causing a fire that was soon extinguished. The drone attack ... Read More
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Expectations of Increased Oil Demand Following the Release of Some Supportive Economic News from the U.S. and China

April 2, 2024
Recap:  On Monday, the oil market continued on its upward trend following the long Easter weekend on expectations of increased oil demand following the release of some supportive economic news from the U.S. and China. On Friday, the Commerce Department reported that Personal Cons ... Read More
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The Crude Market Rallied Higher Following Two Consecutive Days of Losses as the Market Positioned Itself Ahead of the Long Easter Holiday Weekend

April 1, 2024
Recap:  On Thursday, the crude market rallied higher following two consecutive days of losses as the market positioned itself ahead of the long Easter holiday weekend. It remained supported by supply concerns amid the geopolitical issues. The market was also pushed higher by the ... Read More
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Signs That OPEC+ is Unlikely to Change its Output Policy at its Meeting Next Week

March 28, 2024
Recap:  The oil market continued to trade lower on Wednesday amid signs that OPEC+ is unlikely to change its output policy at its meeting next week and the unexpected builds reported in crude stocks. The market remained pressured in overnight trading as traders took profits on th ... Read More
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