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MarketWatch 08/14/2020 14:44
Oil futures settled lower on Friday on the back of weaker global demand forecasts, but declines in U.S. crude supplies helped prices tally a gain for the week. Right now, "fundamentals are not looking favorable for crude," with pressure from both the supply and demand sides of the market," said James Hatzigiannis, chief market strategist Ploutus Capital Advisors. Prices will likely "be coiling around this area until we see a big catalyst...leading to risk on or risk off sentiment." September West Texas Intermediate oil fell by 23 cents, or 0.5%, to settle at $42.01 a barrel on the New York Mercantile Exchange. Front-month prices rose 1.9% for the week. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
MarketWatch 08/11/2020 14:48
Oil futures settled with a loss on Tuesday, with U.S. prices pulling back from their highest intraday level since March. A monthly report from the Energy Information Administration showed lower expectations for this year’s U.S. crude output, along with higher 2020 oil-price forecasts. Phil Flynn, senior market analyst at The Price Futures Group, referred to that report as "bullish," but said "oil could not ignore the big correction in precious metals." The sharp selloff in gold and silver Tuesday "led to some trickle over margin selling on oil," said Flynn. September West Texas Intermediate oil declined by 33 cents, or 0.8%, to settle at $41.61 a barrel on the New York Mercantile Exchange. Prices for the front-month contract traded as high

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