Crude Oil Holds Gains Despite Decline in Stocks

Crude Oil Holds Gains Despite Decline in Stocks

Crude Oil (WTI) – $76.22 // $0.30 // 0.39% Commentary: Monday was a quiet day for crude, with prices ending the session $0.03, or 0.04%, higher. U.S. equity markets sold off about 0.5% on the day, so in that context, crude oil’s “quiet day” was a strong showing. Overall, oil looks like it is consolidating […] [...more]

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Crude Oil Flat Ahead of Plethora of Data

Crude Oil Flat Ahead of Plethora of Data

Crude Oil (WTI) – $75.17 // $0.00 // 0.00% Commentary: Crude oil will attempt to build upon last week’s three-day rally that saw the commodity bounce from a low of $70.76 to $75.59. But, as much of that rally can be attributed to oversold conditions, it will be difficult to repeat such performance, especially given […] [...more]

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Crude Oil Drips Lower

Crude Oil Drips Lower

Another day, another decline for crude oil prices, with the commodity shedding $0.40, or 0.55% to kick off the new week. Little has changed as market participants continue to be concerned about the global economic outlook. Growth prospects have diminished, as evidenced by weak economic data, particularly out of the U.S. We have said for […] [...more]

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Crude Oil Steady after $10 Drop

Crude Oil Steady after $10 Drop

The last two weeks have been a dismal period for crude oil, as the commodity has tumbled from close to $83 to nearly $73. Prices are currently up slightly to kick off the new week, after falling in four of the last five sessions. The drivers of price action remain the same: the global economic […] [...more]

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