Crude oil sharply lower; Banking, SPR worries weigh
By Peter Nurse Investing.com -- Oil prices sharply retreated Friday, falling to their lowest levels this week on simmering concerns over the banking sector and after the U.S. government...
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WisdomTree WTI Crude Oil News & Analysis
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Oil pares losses as Middle East tensions rise after U.S. air strike
By Ambar Warrick Investing.com -- Oil prices trimmed early losses on Friday after a U.S. air strike on Iran-backed groups pushed up fears that rising tensions in the Middle East could...
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Oil prices dip as U.S. holds off on restocking strategic reserve
By Ambar Warrick Investing.com -- Oil prices fell in Asian trade on Friday, extending losses from the prior session as U.S. officials said it will be difficult to immediately refill the...
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Oil snaps 3-day rally as bulls dismayed OPEC+ may ‘stay’
By Barani Krishnan Investing.com -- Half-truths or subtle threats, OPEC+ has combined both cunningly to keep crude prices up for the better half of the last two years. And when the cartel...
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Crude oil lower on growth concerns, rising U.S. inventories
By Peter Nurse Investing.com -- Oil prices retreated Thursday, snapping a three-day rally, after a surprise rise in U.S. crude stockpiles and with the Federal Reserve highlighting global...
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Oil prices sink on weak Fed signals, OPEC uncertainty
By Ambar Warrick Investing.com -- Oil prices fell in Asian trade on Thursday tracking weak economic signals from the Federal Reserve, while media reports suggested that OPEC+ will likely...
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Oil up 3rd day in row on large fuel drawdown, dollar drop ahead of Fed
By Barani Krishnan Investing.com -- Oil prices overcame a weak start to rise more than 1% by Wednesday noon in New York, helped by the U.S. government’s report of a larger-than-expected...
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U.S. crude stockpiles rise at smaller rate vs large product draws - EIA
By Barani Krishnan Investing.com -- U.S. crude stockpiles rose for a second week in a row but that rise paled against large drawdowns in gasoline and distillates inventories, weekly...
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Oil prices dip as Fed meeting looms, U.S. stockpiles seen rising
By Ambar Warrick Investing.com -- Oil prices crept lower in early Asian trade on Wednesday as industry data pointed to another week of rising inventories in the world’s largest crude...
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U.S. crude stocks climb 2nd week in row, adding 3.3 million barrels - API
By Barani Krishnan Investing.com -- U.S. crude stockpiles rose for a second week in a row versus expectations for a decline, petroleum industry group API said in a report Tuesday that is...
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Oil up again as banking crisis ebbs, potential U.S. inventory draw in focus
By Barani Krishnan Investing.com -- Crude prices rose a second day in a row on Tuesday as the U.S. banking crisis ebbed, helping turn the trade’s attention towards a potential weekly...
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Jefferies: Oil crash shines light on energy companies' cash flow, but all good
By Barani Krishnan Investing.com - Last week's epic oil price crash has forced a harsh light on the finances of energy companies but all seems well for now in the sector, especially free...
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Crude oil higher as sentiment improves; API inventory data due
By Peter Nurse Investing.com -- Oil prices climbed higher Tuesday, boosted by the improving near-term outlook for the banking sector, thus lessening concerns about future economic...
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European stocks higher; confidence returns ahead of Fed meeting
By Peter Nurse Investing.com - European stock markets traded higher Tuesday, rebounding as confidence returns to the banking sector ahead of the start of the latest Federal Reserve...
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Oil prices dip as Fed uncertainty mounts, bank fears persist
By Ambar Warrick Investing.com -- Oil prices fell in early Asian trade on Tuesday, cutting short a brief rebound from 15-month lows as markets hunkered down before a Federal Reserve interest...
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Oil inches up after brutal week; Weak banks, Fed still the focus
By Barani Krishnan Investing.com -- The banking storm might not be over but a lull in its ferocity enabled those long oil to catch a break as crude prices rose after a 15-month low that...
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U.S. oil exports to Europe hit record in March on steep discounts
By Arathy Somasekhar HOUSTON (Reuters) - U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global...
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Possibility of a Minsky moment in markets has increased, claims JPMorgan's Kolanovic
By Sam Boughedda JPMorgan's Marko Kolanovic said in a note Monday that the possibility of a Minsky moment in markets and geopolitics has increased. "The bailout of several U.S. banks did not...
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Crude oil lower; banking strains could hit economic activity
By Peter Nurse Investing.com -- Oil prices retreated Monday, falling to their lowest levels in 15 months on worries that risks to the global banking sector as well as further interest...
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Energy & precious metals - weekly review and outlook
By Barani Krishnan Investing.com -- So, how low could oil go in the coming week? Let’s not kid ourselves that it isn’t what every crude trader wants to know, though those who...
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Oil stares at worst week since pandemic amid festering banking crisis
By Barani Krishnan Investing.com -- The crisis in U.S. banking isn’t abating and it's dragging oil further and further down with it. With trading for Friday about three hours away from...
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Crude oil lower; set for largest weekly loss this year
By Peter Nurse Investing.com -- Oil prices weakened Friday, heading towards steep weekly losses on concerns that the ongoing banking crisis will have a negative impact on the wider...
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Oil prices rise on OPEC+ hopes, but set for steep weekly losses
By Ambar Warrick Investing.com-- Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis...
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Oil climbs on Saudi, banking assurances; U.S. crude still under $70
By Barani Krishnan Investing.com -- Oil prices settled up about 1% Thursday, after a 5% drop the previous day, as Saudi-Russian assurances on production cuts and remarks that the U.S....
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U.S. stocks are falling amid continued weakness in bank sector
By Liz Moyer Investing.com -- U.S. stocks were falling on Thursday as investors continued to be wary about bank stocks and as new economic data clouded the picture on interest rates. At 9:52...
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Crude oil lower; recession fears outweigh Credit Suisse lifeline
By Peter Nurse Investing.com -- Oil prices weakened Thursday, handing back earlier gains and heading back towards the previous session’s 16-month low as market sentiment remained fragile...
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Oil rises from 15-mth low on China hopes, bank crisis fears persist
By Ambar Warrick Investing.com -- Oil prices crept higher from 2021 lows on Thursday as an upbeat outlook on a Chinese economic recovery helped spur some hopes of a demand rebound this year,...
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Oil tumbles below $70 as 'all hell breaks loose' with banking crisis
By Barani Krishnan Investing.com -- The might of China and its COVID crisis couldn’t break oil’s $70 support. It had to take a banking crisis to do it. U.S. crude’s West Texas Intermediate...
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U.S. crude stocks up 1.55M barrels last week, fuel balances drop - EIA
By Barani Krishnan Investing.com -- U.S. crude stockpiles resumed their climb last week after a one-week decline, while inventories of fuel products extended declines sharply, government...
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Crude oil prices fall to $70/barrel as growing stockpiles add to economy fears
By Geoffrey Smith Investing.com -- Crude oil prices fell to their lowest in 15 months on Wednesday, on a combination of lackluster data from China and fears that signs of stress in the...
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Oil prices recover from 2023 lows on China optimism, weak dollar
By Ambar Warrick Investing.com -- Oil prices rose on Wednesday as a drop to three-month lows attracted some bargain buying, while optimism over Chinese demand, following strong economic data...
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U.S. crude stocks up 1.155M barrels last week, fuel balances drop big - API
By Barani Krishnan Investing.com -- U.S. crude stockpiles resumed their climb last week after a one-week decline, while inventories of fuel products extended declines sharply, petroleum...
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Oil sinks as Moody's banking downgrade drops another shoe on crisis
By Barani Krishnan Investing.com -- The assurance of authorities that all’s well and dandy on the U.S. banking front hasn’t won the confidence of Moody's, which downgraded the sector on...
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Oil prices rattled by U.S. banking crisis, CPI data awaited
By Ambar Warrick Investing.com -- Oil prices fell below key levels on Tuesday and were nursing heavy losses from the past session as ructions in the U.S. banking sector brewed increased...
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Oil tumbles on U.S. banking jitters; inflation data next on radar
By Barani Krishnan Investing.com - With less than 24 hours to the release of America’s most influential indicator on inflation and the potential rate hike that could trigger, oil prices...
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Crude oil sharply lower; weak banking sector could hamper growth
By Peter Nurse Investing.com -- Oil prices fell sharply Monday on concerns that the collapse of SVB Financial will have longer-term repercussions for the U.S. banking sector, potentially...
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Oil prices rise on weak dollar as markets price in less hawkish Fed
By Ambar Warrick Investing.com -- Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in...
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Energy & precious metals - weekly review and outlook
By Barani Krishnan Investing.com -- Oil longs who rushed to load up on Friday after the growth in U.S. jobs numbers turned out to be tamer than thought must have overlooked something else...
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