Crude oil extends losses on China demand concerns, Gaza ceasefire hopes

Crude oil extends losses on China demand concerns, Gaza ceasefire hopes, global supply concerns. China's total fuel oil imports fell 11% in H1. Hopes of a Gaza ceasefire deal that would ease supply concerns are also weighing on crude prices. Crude oil futures settled lower on Friday to extend losses for the week.

U.S. oil rig count rises for third time in four weeks, Baker Hughes says

Commodity Roundup: UBS's Marcelli sees higher prices ahead despite demand concerns

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season on record. The financial institution says the gulf coast refineries and offshore rigs are at risk for disruptions. The gulf region accounts for 72% of the country's oil production and 48% of its refining capacity.

Commodity Roundup: Gold, oil fall as investors turn cautious ahead of U.S. economic data

Brent Holds Critical Support Amid U.S. Inventory Decline

Oil prices have declined over the past four days, but Brent oil remains at a crucial support level. The Chinese government has cut rates to stimulate economic growth following disappointing data. API reported a week-on-week decline in inventories of crude oil in the US. US GDP, PMI and PCE data could play a role in oil price moving ahead.

Crude inventory fell 3.7MM barrels for week ended July 19 - EIA

Commercial crude stocks for the week ended July 19: 436.5M barrels. Crude inventory fell 3.7MM barrels for week end July 19 - EIA. Futures (CL1:COM) +0.42% at $77.77 a barrel.

How Hurricanes Can Impact The Energy Sector

Hurricanes in the Gulf of Mexico can interrupt offshore energy production, which can be supportive for oil prices. Hurricanes pose a risk to energy assets along the Gulf Coast. Exports and offshore pipelines can be impacted. Refineries may shut down or reduce rates during hurricanes, leading to higher gasoline and diesel prices.

Commodity Roundup: India slashes import tax on gold and silver; copper extends slump

Crude oil posts fourth straight drop with growing concerns about demand in China

Are There Canadian Market Opportunities Hiding In Plain Sight?

Michael O'Brien, Managing Director and Head of the Core Canadian Equity Team at TD Asset Management says some Canadian stocks may be ripe for the picking. He says the Canadian market has been overshadowed by the excitement around AI and tech stocks. O’Brien says Canadian stocks are having a solid year and are not overvalued.

USD/CAD Eyes Breakout As Oil Price Slide Continues, BoC Meeting Next

USD/CAD is nearing a breakout after being range-bound since April. The Bank of Canada is expected to cut rates this week due to rising unemployment, falling consumer spending, and slowing GDP per capita. Oil prices continued their slide at the start of the week. The Canadian Dollar is being driven by falling oil prices and a weakening Canadian Dollar. USD/Cad is back at the top end of a wedge pattern.

The Best Tech And Energy Stocks Should Remain Strong

New presidential contender Harris seen as tougher oil industry foe than Biden

Oil futures fall to fresh five-week lows. China's central bank unexpectedly cuts key interest rate. Oil market shows little reaction to Vice President Biden's withdrawal from presidential race. New presidential contender Harris seen as tougher oil industry foe than Biden on climate and energy issues. Front-month Nymex crude closes -0.4% down, the sixth loss in seven days.

Weekly Report: what happened at DBO last week (0715-0719)?

Commodity Roundup: Gold holds steady, oil reverses early gains amid Gaza ceasefire hopes

Gold prices up 0.28% to $2,401.78 an ounce. President Joe Biden pulls out of presidential race. Oil prices reverse early gains amid renewed optimism for a ceasefire in Gaza. Brent crude futures near $83 per barrel, close to lowest level since mid-June.

Israel strikes Yemeni port in response to Houthi drone attack on Tel Aviv

Oil Market Tightness Expected To Continue On Russian Support

Trump's vow to 'drill baby drill' bodes well for oil? It's more complicated, analysts say

Crude oil futures posted a second straight weekly loss. Concerns about Chinese demand are weighing on the market. Investors may be looking at a potential ceasefire in Gaza. The Trump trade on oil is not clear, analysts say. U.S. Natural gas futures ended a volatile week -8.6%.

U.S. drilling rigs tick higher in Baker Hughes survey

Energy U.S. Drilling rigs tick higher in Baker Hughes survey. Total active rigs drilling for oil and gas in the US rose by 2 to 586. The total rig count is 12% below this time last year. Rigs in the Permian Basin remained flat.