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WTI Dropped Below $100 a Barrel, Hitting a Two-Week Low

May 11, 2022
Recap: Oil futures continued to slide on Tuesday, falling $10.01 or 9.12% over the last two sessions. WTI dropped below $100 a barrel, hitting a two-week low as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar m ... Read More

Oil Futures Fell Hard on Monday, Marking the Largest One-Day Percentage Drop Since March 31

May 10, 2022
Recap: Oil futures fell hard on Monday, marking the largest one-day percentage drop since March 31. Crude oil prices plummeted on news that Saudi Arabia lowered the official selling price of their crude oil by the most ever, as COVID lockdowns in China continued to eat away at de ... Read More

The oil market continued to trade higher for a third consecutive session

May 9, 2022
Recap: The oil market continued to trade higher for a third consecutive session on Friday as it shrugged off the losses in the global stock markets that pushed the marker lower on Thursday and instead focused on the impending European Union embargo on Russian oil.  The market rem ... Read More

On Thursday, the Oil Market Ended Lower as a Stronger U.S. Dollar and a Sell Off in Global Stock Markets Offset the Market's Supply Concerns

May 6, 2022
Recap: On Thursday, the oil market ended lower as a stronger U.S. dollar and a sell off in global stock markets offset the market’s supply concerns.  Early in the session, the crude market remained well supported after European Union laid out plans on Wednesday for new sanctions ... Read More

Oil Futures Rose to Their Highest Level in Two Weeks, Fueled By an EU Proposal to Ban Russian Oil Imports Over Time

May 5, 2022
Recap: Oil futures rose to their highest level in two weeks, fueled by an EU proposal to ban Russian oil imports over time, and a weekly EIA report showing U.S. fuel gasoline inventories falling by 2.2 million barrels last week. Gasoline stockpiles have been lower in the past fiv ... Read More

Oil Prices Slipped on Tuesday as China Tightened COVID Restrictions and as Tanker-Tracker Data Showed Russian Crude Oil Flows Increased

May 4, 2022
Recap: Oil prices slipped on Tuesday as China tightened COVID restrictions and as tanker-tracker data showed Russian crude oil flows increased. At this point, traders remain doubtful that the EI will move forward with an embargo on Russian crude oil. Market attention is also on t ... Read More

Oil Futures Turned to the Upside on Monday on Increasing Supply Concerns, as the EU is Leaning Towards Banning Russian Oil Imports by the End of the Year

May 3, 2022
Recap:  Oil futures turned to the upside on Monday on increasing supply concerns, as the EU is leaning towards banning Russian oil imports by the end of the year. Trader attention has shifted toward the prospect that a full embargo is unlikely to be seen for months and possibly b ... Read More

Oil Futures Slipped on Friday as China's COVID-19 Lockdowns Heightened Demand Concerns

May 2, 2022
Recap:  Oil futures slipped on Friday as China’s COVID-19 lockdowns heightened demand concerns, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Trading in the oil markets has been volatile as Beijing has shown ... Read More

Oil Prices Rallied on Thursday After Reports That Germany is No Longer Opposed to an Embargo on Russian Oil, Which Could Further Tighten Supplies

April 29, 2022
Recap:  Oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian oil, which could further tighten supplies in the already stressed global crude market. Germany is heavily reliant on Russian energy imports and had previously opposed a ... Read More

Trading Was Choppy on Wednesday, with Oil Futures Falling in Early Trading, as the U.S. Dollar Soared

April 28, 2022
Recap:  Trading was choppy on Wednesday, with oil futures falling in early trading, as the U.S. dollar soared, making dollar denominated commodities more expensive and as coronavirus outbreaks in China raised economic concern for the world’s biggest importer of crude oil. However ... Read More
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