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Amid a significant drop in U.S. fuel demand, geopolitical risks in the Middle East may tighten oil supply, potentially driving up prices.
Oil markets are losing ground as traders take some profits off the table after the recent rebound.
The crude market is one of the most difficult ones to grasp at the moment, as it seemingly is moving on to the latest headline, rumor, or even false headline out of the Middle East.
Traders are waiting for the latest U.S. petroleum inventory data with the market's focus shifting back to supply and demand fundamentals.
Following a surprising decrease in U.S. crude inventories, oil prices have ticked higher, with ongoing geopolitical tensions influencing future forecasts
The energy sector is once again heating up, in part, due to a spike in oil prices as conflict in the Middle East continues. Barron's markets reporter Jacob Sonenshine discusses the energy rally and how geopolitical unrest influences the market.
Oil traders bet on a more dovish Fed after weaker-than-expected U.S. PMI reports.
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday.
The Tuesday session has been all over the place in the oil markets, as we continue to see a lot of uncertainty as to where we are going.
The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports