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MarketWatch 02/15/2019 14:41
Oil futures climbed Friday to settle at their highest since November, with U.S. benchmark prices up 5.4% for the week. Recent monthly data showed that crude output from the Organization of the Petroleum Exporting Countries continues to decline and Saudi Arabia reportedly pledged to cut even more production. U.S.-China trade talk progress also helped to ease worries about energy demand. March West Texas Intermediate oil rose $1.18, or 2.2%, to settle at $55.59 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.
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Platts 02/14/2019 22:14
Crude oil futures were higher during mid-morning trade in Asia Friday amid an expected draw...
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Business Wire 01/31/2019 16:15
ATLANTA & NEW YORK & LONDON & TULSA, Okla.--(BUSINESS WIRE)--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced a daily trading volume record for ICE Permian WTI Crude Oil Futures (HOU) of 1,953 contracts yesterday. 01/27/2019 15:00
A basic review of the chart for oil futures (CL) suggests that crude is about to take off. Whether the next move from here is up or down, providing a critical level holds in one case or is broken in another, it will send a strong technical buy signal. (Click to enlarge) The pattern concerned is basically a flat period followed by a dip, a recovery to the same level and then another sideways move. It is known as a teacup and is similar to an inverse head and shoulders formation, but without the pronounced shoulders formed by two dips during the…
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