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WTI fell almost 4% ahead of a hurricane near the Florida coast

September 3, 2019
Recap: Oil prices eased on Friday, with WTI falling almost 4% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric. Adding to the pres ... Read More
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There was an unexpected large drop in U.S. crude oil inventories

August 30, 2019
Recap: WTI rose by almost 2% on Thursday, adding to gains posted the previous session after the unexpected large drop in U.S. crude oil inventories, and as China’s commerce ministry quelled worries over the escalating U.S. – China trade war, as traders kept their eyes on Hurrican ... Read More
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Oil prices rose after EIA inventory report showed a significant drop in crude oil stockpiles

August 29, 2019
Recap: Oil prices rocketed more than 3% on Wednesday after the EIA inventory report indicated that U.S. crude oil stockpiles fell by 10 million barrels during the week ending August 23. Analysts were expecting a drop of 2.1 million barrels. October WTI rose to a session high of $ ... Read More
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Both WTI and Brent opened the session trading higher on the day

August 28, 2019
Recap: Oil prices rebounded on Tuesday, finding support on calming U.S.-China trade-war fears and as prospects for a deal that would allow Iran to resume some of its crude exports appeared to dim. Both WTI and Brent opened the session trading higher on the day and continued to cl ... Read More
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Losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfactory to both countries

August 27, 2019
Recap:  Oil prices gave up early gains to trade mostly lower on Monday after France’s president boosted hopes that a deal between the U.S. and Iran could be struck however; losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfac ... Read More
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China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods

August 26, 2019
Recap: Oil prices fell on Friday after China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods, including crude oil. This put U.S. oil prices on a path toward the year’s lows near $50 a barrel. The U.S. benchmark was hit the hardest, with Oct ... Read More
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The EIA report showed a 2.7 million barrel decrease

August 23, 2019
Recap: Oil prices weakened on Thursday, pressured by worries about the global economy and lower equity markets, as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders were still focused on the EIA report released Wednesday, which showed a 2.7 ... Read More
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The U.S. government reported a weekly decrease in domestic crude supplies

August 22, 2019
Recap: Trading was mixed on Wednesday, with WTI trading higher in early trading before the U.S. government reported a weekly decrease in domestic crude supplies, the first in three weeks, but the decline was smaller than the market expected, and as a result WTI slipped. Brent ope ... Read More
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Trade tensions between the U.S. and China raised fears of a slowing global economy

August 21, 2019
Recap: Oil futures retreated in early trading on Tuesday, as prices followed lower equity markets. Demand concerns became the focal point of Tuesday’s session, as trade tensions between the U.S. and China raised fears of a slowing global economy. Losses were capped by hopes that ... Read More
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Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

August 20, 2019
Recap: Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces and a rally in equities from growing expectations that global economies would take action to counteract slowing global growth. In what was a volatile trading session, a ... Read More
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