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Lipow Oil Associates President Andy Lipow describes what President Donald Trump's meeting with Russian President Vladimir Putin means for the outlook on oil and natural gas prices on 'The Claman Countdown.' #trump #market #russia #alaska #trade #summit #oil #clamancountdown #foxbusiness
Oil prices are losing ground as traders focus on rising supply.
Crude oil futures stall at the 200-day MA as bearish pressure builds. Traders eye supply risks, OPEC+ output, and weak China data in the oil outlook.
The crude oil markets continue to see a lot of noise and downward pressures, as the demand for oil is a bit weak, and of course the supply of oil is cranking up around the world.
There could be a wild swing either way depending how the summit goes, according to analysts.
Oil and gas prices hold steady as Fed rate cut bets offset geopolitical tensions, keeping energy bulls cautiously optimistic.
Ahead of the Trump / Putin meeting in Alaska - CNBC's Dan Murphy and Sri Jegarajah discuss the implications of possible punitive U.S. sanctions on Russian oil, and those who purchase it - including India.
Thursday's session saw crude oil reverse sharply from a new bear-market low, signaling potential for a counter-trend rally — but with formidable resistance levels looming ahead.
Oil markets are moving higher as traders focus on potential sanctions on Russia.
Crude oil trades below 50- and 200-day moving averages as traders await Trump-Putin talks, Fed signals, and bearish inventory data. Outlook stays cautious.