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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
MarketWatch 08/07/2020 13:09
Oil futures remained lower in afternoon trade Friday, showing little movement after oil-field services company Baker Hughes said the number of U.S. oil rigs fell by 4 this week to 176. West Texas Intermediate crude for September delivery on the New York Mercantile Exchange was down 68 cents, or 1.6%, at $41.27 a barrel. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/31/2020 13:10
The U.S. crude-oil benchmark remained up slightly Friday after data from oilfield services firm Baker Hughes showed the number of U.S. oil rigs fell by 1 to 180 this week. West Texas Intermediate crude for September delivery on the New York Mercantile Exchange was up 8 cents, or 0.2%, at $40 a barrel in choppy, end-of-month trading. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/30/2020 14:47
Oil futures fell Thursday, with U.S. prices ending below $40 a barrel for the first time in at least three weeks. U.S. GDP dropped at a record 32.9% rate in the second quarter, feeding worries about energy demand. September West Texas Intermediate oil declined by $1.35, or 3.3%, to settle at $39.92 a barrel on the New York Mercantile Exchange. That marked the first settlement below $40 for a front-month contract since July 9, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/29/2020 14:41
Oil futures settled higher Wednesday, buoyed by the 10.6 million-barrel weekly decline in U.S. crude supplies reported by the Energy Information Administration. An unexpected rise in gasoline inventories, however, raised concerns over weak fuel demand, pressuring prices for gasoline futures. September West Texas Intermediate oil rose 23 cents, or 0.6%, to settle at $41.27 a barrel on the New York Mercantile Exchange. August gasoline fell 2 cents, or 1.9%, to $1.2415 a gallon. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/28/2020 14:43
Oil futures settled with a loss on Tuesday, pressured as traders continued to fret over the impact of COVID-19 on energy demand, ahead of weekly data on U.S. petroleum supplies. The American Petroleum Institute will issue its weekly report late Tuesday, ahead of the data from the Energy Information Administration due Wednesday. On average, analysts polled by S&P Global Platts expect the EIA to report a weekly decline of 1.2 million barrels in domestic crude supplies, along with a fall of 2 million barrels for gasoline inventories. Distillate supplies, meanwhile, were expected to be unchanged for the week. September West Texas Intermediate oil fell 56 cents, or nearly 1.4%, to settle at $41.04 a barrel on the New York Mercantile Exchange. Ma.
MarketWatch 07/27/2020 14:37
Oil futures gave up early losses to finish higher on Monday, with prices propped up by a drop in the U.S. dollar, which saw its benchmark ICE U.S. Dollar Index fall to 93.62, down 0.9%. The index trades at its lowest levels since 2018. "Recent weakness in the dollar has been "beneficial to dollar-denominated commodities in general and to oil in particular," said Marshall Steeves, energy markets analyst at IHS Markit. Still, gains for oil were modest against a backdrop of ongoing demand worries tied to the pandemic and U.S.-China tensions. September West Texas Intermediate oil rose 31 cents, or nearly 0.8%, to settle at $41.60 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and m.
MarketWatch 07/24/2020 14:48
U.S. oil futures posted a modest climb on Friday, with prices up over 1% for the week. "The heightened trade tensions between the U.S. and China has failed to have a big impact on the energy market," said David Madden, market analyst at CMC Markets UK. "China is the largest importer of oil in the world, so should any economic disruption come from the political spat, we could see oil slide." Still, it is "worth noting that oil hit a four month high during the week, so the wider trend is still positive," he said in a market update. September West Texas Intermediate oil rose 22 cents, or 0.5%, to settle at $41.29 a barrel on the New York Mercantile Exchange. For the week, prices edged up by 1.3%, based on the front-month contracts, FactSet dat.
MarketWatch 07/22/2020 14:39
U.S. oil futures ended little changed Wednesday, down slightly as U.S.-China tensions fed demand concerns and data revealed a weekly climb of 4.9 million barrels in U.S. crude inventories. Prices, however, finished off the session's lows, finding some support from weakness in the U.S. dollar and progress toward a COVID-19 vaccine, analysts said. September West Texas Intermediate oil fell 2 cents, or 0.05%, to settle at $41.90 a barrel on the New York Mercantile Exchange on its first full trading day as a front-month contract. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/21/2020 14:43
Oil futures climbed Tuesday, with U.S. and global benchmark prices marking their highest finish since March, after the European Union reached a deal on a coronavirus aid package, easing concerns about energy demand. Meanwhile, analysts expect Wednesday's Energy Information Administration to report a second straight weekly decline in U.S. crude inventories. On average, analysts polled by S&P Global Platts expect the EIA to report a fall of 1.9 million barrels in crude supplies for the week ended July 17. August West Texas Intermediate oil rose $1.15, or 2.8%, to settle at $41.96 a barrel on the New York Mercantile Exchange on its expiration day. September WTI crude , which is now the front-month contract, settled at $41.92, up $1, or 2.4%. M.
MarketWatch 07/15/2020 14:37
Oil futures settled higher on Wednesday, buoyed by data from the Energy Information Administration that revealed a 7.5 million-barrel decline in U.S. crude supplies for the week ended July 10. That was the largest weekly decline so far this year. Traders also assessed the OPEC+ Joint Ministerial Monitoring Committee’s move to taper production cuts to 7.7 million barrels per day starting in August, from 9.7 million barrels. The committee said that countries which did not fully comply with output cuts are expected to make up for their overproduction, essentially contributing to actual output cuts of as much as 8.34 million barrels per day starting in August. The front-month August West Texas Intermediate oil contract rose 91 cents, or 2.3%, t.
MarketWatch 07/14/2020 14:42
Oil futures finished slightly higher on Tuesday, with traders awaiting outcome of Wednesday's OPEC+ Joint Ministerial Monitoring Committee meeting as well as this week's updates on U.S. petroleum supplies. Some analysts said the committee meeting may result in a recommendation to taper the size of current crude production cuts of 9.7 million barrels per day. Meanwhile, a report from Energy Information Administration due Wednesday morning is forecast to show a weekly decline of 2.1 million barrels in U.S. crude supplies, according to an S&P Global Platts survey of analysts. August West Texas Intermediate oil rose 19 cents, or 0.5%, to settle at $40.29 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short ne.
MarketWatch 07/10/2020 14:42
U.S. oil futures climbed Friday, reducing their losses for the week even as the spread of the coronavirus pandemic continued to threaten a recovery in the economy. Crude prices got a boost for the session, in part due to the "upbeat COVID-19 vaccine and treatment news" and a softer dollar, but U.S. benchmark prices remain "anchored below the $41 level and will likely struggle for any major moves" until after next week's OPEC+ Joint Ministerial Monitoring Committee meeting, said Edward Moya, senior market analyst at Oanda. "The demand outlook risks warrant a discussion for OPEC+ to consider extending production cuts into August," he said, in a note. August West Texas Intermediate oil rose 93 cents, or about 2.4%, to settle at $40.55 a barrel.
MarketWatch 07/09/2020 14:48
Oil futures retreated Thursday after settling a day earlier at their highest in four months, pulling U.S. prices back below $40 a barrel. The U.S. set another single-day record number of confirmed COVID-19 cases on Wednesday. Traders continued to watch the pace of the economic recovery against that backdrop, and for signs of an improvement or setback in energy demand. August West Texas Intermediate oil fell $1.28, or 3.1%, to settle at $39.62 a barrel on the New York Mercantile Exchange. On Wednesday, prices for the front-month contract settled at $40.90, the highest finish since March 6, according to Dow Jones Market Data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for m.

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