iPath Pure Beta Crude Oil ETN

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The crude oil markets continue to recover, and at this point in time are probably going to be watching central bank statements more than anything else. With this, the market looks like it is going to continue to see a lot of volatility, but that's normal for oil.

Crude Oil Price Forecast – Crude Oil Continues to See Support at Lows

U.S. crude is down 2.9% for the week, while Brent is down 1.4%. Concern about the strength of global demand for oil continues to overshadow geopolitical risk.

U.S. crude oil rises above $74 per barrel but is on pace for weekly loss

‘Increasingly likely' OPEC+ will ditch plans to begin increasing supply in October due to price weakness: ING

Oil prices extend bounce but remain on track for weekly losses on demand worries

Oil prices face a weekly decline as OPEC+ deliberates crucial output decisions amidst U.S. recession fears and easing Gaza supply concerns.

Oil News: Crude Oil Outlook Dims as OPEC+ Weighs Production Hike

China's EV revolution slashes oil demand by 500k barrels daily. Dragon's green drive reshapes global markets as gasoline growth slows to mere 1.3% in 2024.

China's Green Drive: How the Dragon's EV Push Could Reshape Global Oil Markets

Oil prices steady, but weekly losses loom amid U.S. demand concerns. Analysts see potential support from declining global inventories and OPEC's cautious stance.

Natural Gas and Oil Forecast: Will Bullish Momentum Hold as WTI, Brent Test Key Resistance?

Oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and ceasefire talks in Gaza eased worries about supply disruptions.

Oil set to end week lower on demand concerns, easing supply woes

Crude oil tests key support at 72.82 within a large symmetrical triangle. A breakout or breakdown could trigger significant volatility in the coming days.

Crude Oil Price Forecast: Maintains Critical Support; Awaiting Breakdown or Bull Reversal

Oil prices gain ground as traders react to U.S. PMI data.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Weekly Lows

The crude oil market continues to see a lot of noisy behavior, as the markets have seen yet another lackluster inventory report in the US. This suggests that the market will perhaps continue to see demand drop a bit.

Crude Oil Price Forecast – Crude Tries to Bounce From Extreme Low

The U.S. benchmark is now up just 0.91% for the year, while Brent has erased all of its gain for 2024. Demand is slowing in China as drivers switch from gas to electric vehicles and trucks transition to liquid natural gas from diesel.

U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain

Oil futures edged higher Thursday, consolidating after ending the previous session at their lowest since January, following revised U.S. jobs data that stoked worries about the outlook for crude demand.

Oil steadies after demand fears spark slide to 7-month lows

WTI futures drop 6.9% since mid-August as weak demand and potential OPEC+ supply hikes pressure oil prices. Bearish outlook persists.

Oil News: OPEC+ Output Uncertainty Fuels Bearish Oil Outlook

The Greek-flagged oil tanker Sounion suffered "minor damage" following strikes off the Yemeni coast, which ignited a fire onboard. The vessel was left adrift in the Red Sea.

Oil tanker left adrift and ablaze after Red Sea attack

A double bottom pattern at $71.40 suggests WTI Crude Oil could be poised for a significant price rebound in the near term.

Natural Gas and Oil Forecast: WTI Targets $71.40 Rebound, Double Bottom Alert

A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States and China.

Oil prices slow sell-off as expectations of Fed rate cut grow

Oil markets remain under strong pressure.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Tests $72.00 As Traders React To EIA Data

Gasoline inventories decreased by 1.6 million barrels from the previous week.

Crude Inventories Declined By 4.6 Million Barrels

The crude oil markets continue to attempt to build some kind of base at this point in time, as the markets are looking to determine supply constraints, demand, and geopolitical issues. Oil should remain volatile to say the least.

Crude Oil Price Forecast – Crude Oil Continues to Build a Base

Brent crude oil has seen a decline to 77.07 USD a barrel on Wednesday, influenced by unexpected shifts in U.S. energy inventories and ongoing geopolitical developments. The analysis of Brent prices highlights key factors contributing to this downturn.

Brent Oil Falters Amid Surprising Inventory Growth And Geopolitical Developments

Oil futures hovered near unchanged Wednesday morning, consolidating as investors awaited official data on U.S. crude inventories after a three-day losing streak that took crude to two-week lows.

Oil prices steady after 3-day losing streak

U.S. crude exports set to plateau in 2024, signaling potential price pressures as global demand, especially from China, slows.

Oil News: U.S. Crude Exports Set to Plateau Amid Weak Oil Demand from China

With WTI hovering at $73, the market faces uncertainty. Is a deeper downtrend ahead, or could a rebound be on the horizon?

Natural Gas and Oil Forecast: WTI at $73, Will the Downtrend Continue?

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.

Oil prices down on swelling US crude stocks, easing Middle East tensions

Crude oil's bearish retracement found support at $73.87. A reversal is possible, targeting $81.96, if lower resistance levels are overcome.

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