iPath Pure Beta Crude Oil ETN

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Oil prices are rebounding after closing at the lowest level since December 2021. watch now VIDEO 3:10 03:10 Don't see oil at $60/bbl 'in a consistent manner' for the next 3 months: Rystad Squawk Box Asia U.S. crude oil rebounded more than 2% on Wednesday, regaining some ground after prices closed at the lowest level in nearly three years in the previous session.

U.S. crude oil rebounds more than 2%, trades above $67 a barrel after steep selloff

Oil futures bounced Wednesday, finding support on industry data that showed a drop in U.S. crude inventories as traders track Hurricane Francine.

Oil prices bounce, lifted by drop in crude inventories and Hurricane Francine

Crude oil prices jump 2.5% as U.S. inventories drop by 2.79M barrels, and Hurricane Francine threatens Gulf supply, driving short sellers to cover positions.

Oil News: Hurricane and U.S. Inventory Draw Trigger Short Covering in Crude Market

Brent crude oil prices shot below US$70 a barrel for the first time since December 2021 this morning. The dip follows a lower demand forecast from OPEC.

Brent crude prices at lower levels since December 2021

Hurricane Francine halts 24% of U.S. oil production, driving short-term price gains amid global demand concerns. What's next for oil and natural gas?

Natural Gas and Oil Forecast: Hurricane Francine Sparks Supply Concerns, Markets React

Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand.

Oil prices rebound on fears of supply disruption from tropical storm

Crude oil futures slipped roughly 4% in trading Tuesday after OPEC—a dominant coalition of oil-producing nations—cut back on its demand outlook and growth projections for this year and the next.

Crude Oil Prices Fall to Lowest Level of 2024 as OPEC Cuts Demand Outlook

Crude oil's sharp 16% drop reached new lows today, testing a Fibonacci support zone. Traders now watch for signs of a potential short-term counter-trend rally.

Crude Oil Price Forecast: Tests Support Zone After 16% Decline

Oil took a hit on Tuesday, with U.S. and global benchmark prices dropping to their lowest levels in more than two and half years as demand worries took center stage, but global supplies may soon take the spotlight as a potential hurricane churns in the Gulf of Mexico.

These maps show the oil and gas infrastructure in Francine's path

Concerns about China's economy have dulled the outlook for energy demand — contributing to a drop in U.S. and global oil prices to their lowest levels in over two years on Tuesday, while exacerbating U.S. recession fears in some parts of the financial market.

Falling oil prices and China concerns add fuel to market fears of a U.S. recession

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining over 100 points on Tuesday.

Crude Oil Dips Over 4%; OPEC Cuts Global Oil Demand Outlook

Oil markets suffered a strong sell-off amid demand concerns.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 4.5% As OPEC Cuts Demand Forecasts

US crude oil prices have experienced a sharp decline, with West Texas Intermediate (WTI) crude falling to $66.11 per barrel and Brent crude dropping below $70. This marks a significant drop of over 3% for both benchmarks, with Brent falling below the $70 threshold for the first time since 2021.

US crude oil prices drop below $70 per barrel amid global demand concerns

OPEC lowered global oil demand growth forecasts for 2024 and 2025.

OPEC Report Pushes Oil Prices To New Lows

The crude oil market is in trouble, serious trouble. At this point in time, it is desperately hanging onto the last vestiges of support, trying to bounce.

Crude Oil Price Forecast – Crude Oil Looking For a Bottom

Another week, another round of price declines - a line that has of late become a bit of familiar short script for the global crude oil market.

Latest Oil Market Slump Marks A Retreat That's Degenerated Into A Rout

The oil market faces long-term pressure as global clean energy initiatives continue to escalate.

Oil Market Faces Long-Term Pressure As China Pushes for Clean Energy Solutions

Brent crude prices fell nearly a percentage point on Tuesday, with futures price currently at US$71.15 a barrel. US crude, meanwhile, fell to a 16-month low of US$68.3 a barrel.

Oil prices fall, but UBS sees recovery on the way

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday.

OPEC Drops 2024 Crude Oil Demand Forecast For Second Straight Month

OPEC cut its demand growth forecast for the second time in as many months. Softening demand expectations in China are weighing on the oil market.

U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second consecutive downward revision.

OPEC again lowers 2024, 2025 global oil demand growth view

Oil futures fell Tuesday, with concerns about demand from China back in focus after another round of lackluster economic data.

Oil futures give back chunk of Monday bounce after disappointing China data

Oil prices drop as weak Chinese demand offsets U.S. supply disruptions. Traders eye OPEC's report and U.S. forecasts for signs of a market reversal.

Oil News: Crude Prices Fall as Weak Chinese Demand Pressures Market Outlook

Carlyle Group

Concerns about a supply glut in the markets are "completely overplayed," Carlyle's Jeff Currie said at the annual APPEC conference held in Singapore. While China's economy stays sluggish, China's stale demand is overstated, said the chief strategy officer.

Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says

Oil and gas prices face pressure as OPEC+ postpones production increases, while China's demand slowdown drives bearish market sentiment.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)