Top oil ETF slammed with record outflow as geopolitical fears fade

Top oil ETF slammed with record outflow as geopolitical fears fade. U.S. Crude oil futures close lower as gasoline demand for gasoline outweighs the first drop in commercial crude supplies in five weeks. The biggest oil fund posted its largest daily outflow on record Wednesday. Crude prices lost some of the geopolitical premium.

Equities Play A Waiting Game

Consumption continued to drive growth in the first quarter. The waiting game continues for the U.S. Federal Reserve and other major central banks to cut interest rates this year. 2024 is shaping up to be a “normal” expansionary year with healthy levels of economic growth and inflation.

Crude inventory decreased by 6.4M barrels for week ended April 19 - EIA

Crude inventory decreased by 6.4M barrels for week ended April 19 - EIA. Commercial crude stocks for the week ending April 19: 453.6M barrels. Crude inventory change: -6.4m barrels. Gasoline and distillates inventories decreased by 0.6m barrels for the same week.

Analyst Currie sees chances for $100-plus oil 'extraordinarily high'

Commodities Energy Analyst Currie sees chances for $100-plus oil 'extraordinarily high' Crude oil futures finish higher Tuesday. Euro zone business activity expanding at fastest pace in nearly a year. Focus shifts away from Middle East tensions to economic indicators and supply and demand balances.

Weekly Report: what happened at SCO last week (0415-0419)?

Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease

Commodities Energy Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease. Crude oil prices fell more than 2% on Monday as Middle East tensions eased. Brent futures fell 0.58% to $86.58 a barrel. Gold prices retreated as well, registering a third consecutive weekly loss.

Iran oil sanctions part of U.S. aid package for Ukraine, but little disruption seen

Energy Iran oil sanctions part of U.S. Aid package for Ukraine, but little disruption seen. Chinese independent refiners account for 80% of Iran's 1.5M bbl/day in oil exports. Iran is exporting more oil than at any time in six years.

Oil rally fades as fears ease over Israel-Iran hostilities; week ends lower

Crude oil futures posted a second straight weekly loss. Israel and Iran exchanged tit-for-tat strikes in the Middle East. The energy sector ended the week -1.2%. China's Q1 gross domestic product increased 5.3% Y/Y, sending bullish signal to oil markets.

Strong copper prices may pose challenge to disinflation - Interactive Brokers

Oil prices turn lower as Israel's attack on Iran appears limited

Iran oil exports hit six-year high, exposing limits in U.S.-led bid to stifle crude sales

U.S. crude oil drops by most since January as supplies rise more than expected

U.S. Crude oil drops by most since January as supplies rise more than expected. Fourth straight weekly build in inventories and weaker economic data from China outweighed Middle East tensions. Front-month crude prices drop to their lowest in three weeks. China's economy grew by stronger than expected in Q1, but other indicators suggest lackluster demand.

Crude inventory increased by 2.7M barrels for week ended April 12 - EIA

U.S., allies plan fresh sanctions on Iran in response to attack on Israel

Oil stays flat as Middle East worries offset by higher-for-longer rates outlook

Oil prices could face increased uncertainty – TD Securities

TD Securities says the outlook for oil prices could face increased uncertainty as geopolitical tensions continue to escalate in the Middle East. Oil currently trades near $85.20/bbl, higher in 2024 by 19.5%. The recent upswing in April has oil trading near highs not seen since late October of 2023.

Oil's rally takes a breather but traders await Israel's response to Iran attack

Crude oil futures fall as traders await Israel's response to Iran's weekend missile and drone attack. Investors worry the breadth of the assault may leave Israel with no choice but to retaliate. Oil prices had risen to their highest since October in anticipation of Iran's attack. The outlook for oil seems to hinge on the Israeli response to the attack, analysts say. Citi raised its short-term oil price forecast.

Weekly Report: what happened at SCO last week (0408-0412)?

Oil slips after Iran's attack on Israel; markets expect limited Israel response

Oil slips after Iran's attack on Israel; markets expect limited Israel response. Iran's missile and drone assault on Israel caused little damage. May WTI crude oil futures trade lower; prices largely priced in the attack. Big Oil names show mixed results in the pre-market.

Brent crude tops $90 on Mideast fears, but IEA sees slower global oil demand growth

Crude oil futures settle higher Friday after touching their highest intraday levels in six months. The IEA sees slower global oil demand growth for 2024. The energy sector ended the week with losses for the full week. U.S. Crude stocks rose sharply and inflation came in hotter than expected.