USL

Oil prices turn positive as traders continue to weigh demand prospects

Both U.S. And Brent crude oil futures finish at highest levels in more than a week. Oil prices bounced off early losses to finish higher Thursday. U.s. Natural gas extended Wednesday's sharp drop as EIA report showed larger than expected build in gas storage.

Top 10 S&P 500 energy stocks of 2024, with earnings from XOM and CVX on deck

The energy sector is the best performing S&P 500 segment of 2024. ExxonMobil and Chevron are due to report earnings on Friday. Of the 23 energy-based stocks inside the S&p 500 all but three now trade higher on the year. Targa Resources Corp. Tops the list of top performing energy stocks of 2024 with a climb of 35.3%.

‘This commodity rally does not look like a head fake’ - TS Lombard

TS Lombard says the overall commodity space may remain higher for an extended period of time. ‘This commodity rally does not look like a head fake’ - TS Lombard. The firm says the global economy is shifting gears towards a ‘sticker-for-longer’ inflation stance.

Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down

Oil prices rise on fears of a wider conflict in the Middle East. Israel said it plans assault on Hamas hold-outs in Rafah. Brent crude futures rise 0.15% to $88.03 a barrel. Spot gold trading higher ahead of U.S. GDP data, natgas down.

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.

U.S. Oil Hovers Around $83: What Lies Ahead for ETFs?

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.

Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says

Commodities Energy Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says. Subdued demand has eased concerns about supply shortages in global gas markets. Significant risks to supply still remain due to the ongoing conflict in Ukraine and the Middle East. European natural gas futures eased after rising from a two-week low. Crude oil prices ticked lower despite surprise drop in crude stockpiles.