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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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The Crude Market on Friday Settled in Negative Territory But Was Higher for the Week as Traders Weighed the Potential For the Spread of Conflict in the Middle East

October 23, 2023
Recap:  The crude market on Friday settled in negative territory but was higher for the week as traders weighed the potential for the spread of conflict in the Middle East.  Earlier in the session, the market had been well supported by heightened concerns that the Israeli-Palesti ... Read More
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Traders Remained Concerned that Israel's Military Campaign in Gaza May Escalate into a Regional Conflict

October 20, 2023
Recap:  The oil market on Thursday posted an outside trading day as it traded lower during the overnight hours and later retraced all of its losses as traders remained concerned that Israel’s military campaign in Gaza may escalate into a regional conflict. The market traded sidew ... Read More
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The Crude Market on Wednesday Retraced its Previous Losses Amid Concerns Over the Escalating Tensions in the Middle East

October 19, 2023
Recap:  The crude market on Wednesday retraced its previous losses amid concerns over the escalating tensions in the Middle East and a larger than expected draw in crude stocks. The market was well supported as tension in the Middle East increased following a deadly blast at a Ga ... Read More
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The Oil Market Traded Lower on Tuesday as the Market Continued to Watch Events Unfold in the Middle East

October 18, 2023
Recap:   The oil market traded lower on Tuesday as the market continued to watch events unfold in the Middle East. It traded lower in overnight trading before it posted the day’s trading range from a high of $87.47 to a low of $85.60 by mid-day amid the concerns over geopolitics ... Read More
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The Oil Market on Monday Erased Some of its Earlier Gains on Reports that the U.S. and Venezuela Could Soon Reach a Deal to Ease Sanctions on Venezuela

October 17, 2023
Recap:  The oil market on Monday erased some of its earlier gains on reports that the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set. The U.S. and Venezuelan governments were getting ready to sign a pact as early a ... Read More
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