FCG

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

U.S. natural gas inventory net change of +22 Bcf for week ended July 19 - EIA

U.S. Natural gas inventory net change of +22 Bcf for week ended July 19 - EIA. Stocks for the week ending July 19, 2024, were 3,231 Bcf vs. 3,209 Bcf. Net change: +22 bcf. Natural Gas Futures (NG1:COM) -2.74% to $2.06.

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

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 FCG last week (0715-0719)?

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.