Oil prices edged higher on Friday, with global benchmark Brent heading for its first weekly gain in three weeks, as economic indicators from the world's top two oil 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 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.
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 edged up on Thursday on a stabilizing U.S. job market and slower-than-expected inflation data, which increased expectations that the Federal Reserve would begin to cut interest rates in the fall.
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.
Oil prices remained relatively stable in Asian trade on Friday, poised for a mildly positive week. The softer dollar, shrinking U.S. inventories, and increased Chinese stimulus boosted hopes for improved demand.
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,