USO

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.

Electric Vehicles Win The Battle With Humanoid Robots And Robotaxis, The Economy Contracts In Germany

Tesla Inc (NASDAQ:TSLA) stock fell after earnings. The movement in TSLA stock plays a big role in speculative sentiment. Speculative sentiment is taking a hit in the early trade as Tesla stock falls. Investors can gain an edge by knowing when smart money is buying stocks, gold and oil.

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

U.S. crude stockpiles fell 3.9M barrels last week, API says

U.S. Crude stockpiles fell 3.9M barrels last week, API says. The American Petroleum Institute shows a draw of 3.86M barrels of oil in U.s. Commercial stockpiles for the week ending July 19. The draw is the fourth straight weekly decline in crude oil stockpiles.