U.S. crude oil futures rose to their highest in a week on Thursday, extending gains in the previous session sparked by data showing slower U.S. inflation and weekly storage data that pointed to a drop in domestic oil inventories.
Oil prices rose on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand.
WTI Crude Oil Weekly Technical Analysis. The West Texas Intermediate crude oil market has initially fallen during the week, only to turn around and show signs of li
Oil prices gained on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand amid stronger economic indicators from key consumers China and the United States.
Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market, providing positive signs for future rate cuts and demand. Brent crude futures were up 88 cents,
By Robert Harvey LONDON (Reuters) -Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week.
WTI Crude Oil Technical Analysis. The West Texas Intermediate crude oil market has done almost nothing during the trading session. As we continue to see the 200 day
EMA and the $84.50 level above offering resistance, but it certainly looks as if the 50% Fibonacci retracement level is coming into the picture to keep oil somewhat afloat. There is a cyclical argument to be made for crude oil this time of year,