iPath Pure Beta Crude Oil ETN

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The crude oil markets certainly continue to see a lot of noise, which makes sense as we are testing serious resistance barriers. The time of year is typically bullish, and the geopolitical issues haven't gone anywhere.

Crude Oil Price Forecast – Crude Continues to Test Resistance

The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD.

Brent Oil Has Risen In Price: Reliance On Stock Market Demand Has Worked

West Texas Intermediate futures are holding above $80 per barrel after rallying more than 2% in the previous session. Oil prices have emerged from a recent decline as summer fuel demand is expected to draw down inventories.

U.S. crude oil holds above $80 per barrel after starting week with strong gains

Oil futures edged lower early Tuesday, consolidating after a substantial rebound from mid-month lows as investors gauged signals on the outlook for crude demand.

Oil prices struggle for direction as traders gauge global demand outlook

Anticipated U.S. crude inventory drop, OPEC+ cuts, and rising summer demand point to a short-term bullish outlook for crude oil prices.

Crude Oil News Today: Bullish Traders Eye $80.11 as Breakout Trigger

WTI Crude Oil approaches $79.50, with an upward channel suggesting potential for continued bullish momentum and increased buying interest.

Natural Gas and Oil Forecast: WTI Nears $79.50; Upward Channel to Drive Buying

Oil prices ticked up in early trade on Tuesday, extending gains from the previous session on a stronger demand outlook and investor confidence that OPEC+ producers could pause or reverse plans to raise supplies from the fourth quarter of this year.

Oil up on firming demand, Mideast tensions underpin risk premium

Global oil supply growth will likely slow down this year, Rystad Energy said in a report on Monday, with a high possibility of a further decrease in 2025.

Oil supply growth set to taper in 2024, Rystad Energy says

The crude oil market bounced a bit in the early hours of Monday, as the market continues to see plenty of reasons for a potential rally. This time of year, is typically bullish, and the geopolitics of the Middle Erast is almost always a potential bullish factor as well.

Crude Oil Price Forecast – Crude Oil Continues to Look Strong Overall

Oil prices are moving higher after snapping a three week losing streak. Traders are sifting through what mixed economic data out of China may mean for demand.

Oil prices rise after booking best week since April as traders sift through China economic data

Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May.

Oil prices hold ground after slowdown in China crude demand

he Biden Administration has made cutting carbon emissions that are overheating the planet and throwing weather patterns out of balance a top priority, aggressively promoting electric vehicles and all forms of clean energy. Not surprisingly, that's not sitting well with companies that make enormous profits selling fossil fuels.

Big Oil Strikes Back

The anticipated increase in demand from the summer driving season and potential inventory drawdowns support a positive trend for crude oil prices.

Crude Oil News Today: Steady Despite Mixed Chinese Data

Despite mixed signals and a dip on Friday, oil prices ended the week higher, sparking hopes of a bullish reversal.

Natural Gas and Oil Forecast: Oil Supported, Bullish Bounce Ahead?

The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday.

US ready to reopen oil stockpile if petrol prices surge again, FT reports

Oil prices slipped in early Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as traders awaited the release of key economic data from China, the world's biggest crude importer.

Oil prices inch down on weaker US consumer demand ahead of China data

The overall market sentiment remains cautiously bullish, with strong demand projections and constrained supply likely to support crude oil prices.

Oil Prices Forecast: Will Demand Surge Continue to Drive Gains?

The crude oil market has had a strong week, as the markets have been continuing to see a lot of sideways action over the longer term, or at least for the last 18 months. The markets will continue to be interested in geopolitics, wars, and global growth – or lack of.

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate Longer-term

Oil prices are moving higher as traders bet on strong demand for oil in the second half of the year.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Traders Stay Bullish

The crude oil market continues to see a lot of noisy back and forth behavior, as the global markets are trying to price in war, geopolitics, slowing economies, and inflation at the same time. However, this is a time of year that typically is positive.

Crude Oil Price Forecast – Crude Oil Continues to See Choppiness

Oil prices are up more than 4.5% for the week, the strongest gains since early April. Oil remains well below annual highs set in April but has regained ground after a sell-off last week pushed prices to four-month lows.

Oil prices on pace for best week in more than two months as forecasts point to tighter market

Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.

Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide

Demand projections are strong, but market conditions suggest caution as crude oil traders await clearer signs of increased fuel consumption.

Crude Oil News Today: Poised for Strongest Weekly Gains Since April

The Federal Reserve met in June, holding interest rates steady, pointing to one rate cut in 2024, and pushing their inflation forecasts higher. The meeting went as expected, with inflation remaining well above the Federal Reserve's target rate.

Forget The Fed Meeting, We Have An Oil Problem On Our Hands

With WTI Crude Oil reaching $78.15, strong demand forecasts and steady interest rates suggest bullish momentum. Is it time to buy?

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