Oil

Tough to square the market enthusiasm with oil

• But it does point to deflationary forces

Oil falls for fourth time in five trading days. What's next

• Ugly stretch for oil

Hamas has rejected the latest ceasefire and hostage deal proposal

Baker Hughes US oil rig count -2

• The latest oil and gas drilling data

Concerns of an escalation in the Middle East remain overblown re elevated crude oil prices

• Brent floor at USD70

Venezuelan President Maduro rejects US, Brazil criticism

• "I reject absolutely that the United States is trying to become Venezuela's electoral authority"

China has built the world's largest offshore oil platform

Oil bounces on stronger signs from the US consumer

• WTI crude oil up $1.02 after two days of selling

Oil settles down nearly $1.50, giving back Monday's big gain

• Oil back to where it closed on Friday

EIA weekly crude oil inventories +1357K vs -2200K expected

• Weekly oil inventory data from the US EIA

Oil - private survey of inventory shows a larger headline crude oil draw than was expected

• This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.

Crude oil futures settled at $78.35

• Down -$1.71 or -2.14%

Crude Oil Technical Analysis – Geopolitics drives the price action

• Crude oil continues to gain ground on Middle East tensions. What’s next?

IEA makes no change to 2024 world oil demand growth forecast in latest report

• But they trim the outlook for 2025, saying that weak growth in China is weighing

Crude oil futures settle at $80.06, up $3.22 or 4.19%

• Geopolitical risks help to support the price of crude oil