Energy Agency forecasts oil demand growth will plummet amid global recession risks

oil pump
From Sam Meredith:
KEY POINTS
NYSE:USO June 14, 2019 11:21am

Why oil prices rallied and closed higher

oil barrell logo
From Emily McCormick:

U.S. stocks rose Thursday as investors mostly shrugged off a spate of geopolitical concerns. Meanwhile, oil prices reversed steep declines earlier this week amid reports of a suspected attack on tankers in the Gulf of Oman.

NYSE:USO June 13, 2019 9:27pm

Oil prices spike higher following report of tanker attacks near coast of Iran

Oil prices drop as U.S. crude supply increases

oil pump
From Tom DiChristopher:
KEY POINTS
NYSE:USO June 12, 2019 12:55pm

Potential OPEC deal and trade war cause oil price volatility

oil stock
From Sanghamitra Saha:

Oil prices have been seesawing of late thanks to chances of a protracted output cut deal by Saudi-led OPEC and Russia and U.S.-China trade war. United States Oil FundLP USO is up only 1% in the past five days (as of Jun 10, 2019).

NYSE:USO June 11, 2019 4:39pm

After its recent downturn, where are oil prices headed next?

oil stock
From Brian Sozzi:

Sorry Exxon Mobil (XOM), Occidental Petroleum (OXY) and Chevron (CVX) executives, the out-of-the-blue nosedive in oil prices may not yet be over given a barrage of souring global economic data.

NYSE:USO June 6, 2019 6:50pm

Oil plunges into bear market territory, could this be why?

oilbarrell
From Tom DiChristopher:
NYSE:USO June 5, 2019 6:02pm

Oil prices fall on fears of a global economic slowdown

From Reuters: Oil prices extended their losses following the release of a U.S. report showing a smaller-than-expected decline in crude inventories.
NYSE:USO May 30, 2019 12:24pm

Oil prices fall as US stockpiles grow

oil barrell logo
From Jayson Derrick: Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play.
NYSE:USO May 29, 2019 3:21pm

Oil prices plummet on weak economic data

oil logo
From Tom DiChristopher: Oil prices fell 5% on Thursday, extending steep losses in the previous sessions, as the market braced for a prolonged U.S.-China trade war, digested disappointing manufacturing data and processed signs that Middle East tensions are moderating.
NYSE:USO May 23, 2019 11:35am

As the trade-war escalates, where are oil prices headed?

From Kathy Lien:
This has been a great year for oil. The price of crude is up 30 percent from its December low and oil bulls are wondering if there's more room to rise. The economy is recovering and many central bankers including Federal Reserve Chairman Jerome Powell feel that uncertainty is easing, and global growth is improving.
NYSE:USO May 17, 2019 10:50am

Oil continues to trade higher due to rising tensions in the Middle East

From Reuters: Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
NYSE:USO May 16, 2019 12:32pm

Oil reverses course, closes at 6-week low

oil derrick
From Reuters: Oil futures fell on Monday with Wall Street, as worries about the Sino-U.S. trade talks spooked investors who had sent oil higher in early trade on concerns that tanker attacks in the Middle East could disrupt supplies.
NYSE:USO May 13, 2019 3:02pm

Oil prices are rising after Saudi Arabia says oil tankers were attacked

From Reuters : Oil futures rose on Monday on increasing concerns about supply disruptions in the Middle East even as investors and traders fretted over global economic growth prospects amid a standoff in the Sino-U.S. trade talks.
NYSE:USO

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