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Oil Holds Gain as Industry Report Points to Lower US Stockpiles

(Bloomberg) Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a report from the IEA on the market outlook.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainStocks Rise as Solid Treasury Sale Spurs CPI Bets: Markets WrapBrent futures climbed a

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Crude Build No Match For Rate Cut Optimism As Oil Breaks Losing Streak

Five straight losses for oil are now viewed as oversold.

Sakhalinskaya oblastUnited statesFawad razaqzadaBob yawgerWarren pattersonOrganization of the petroleum exporting countriesagreedEnergy information administrationWest texas intermediateCity indexPetroleum exporting countriesagreedMizuho securities

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

The key disappointment for the markets was the plan to start unwinding some of the extra voluntary production cuts as early as October this year

Warren pattersonRyan mckayDaan struyvenMukesh sahdevTsvetana paraskovaEwa mantheyHelima croftRystad energyGoldman sachsOccidental joins berkshire in new lithiumBrent crudeSenior vice presidentDownstream solution

Oil Prices Set for a Weekly Decline as Futures Market Swings Into Contango

Oil prices are on course for a weekly decline after comments from the Fed on interest rate cuts added to bearish sentiment, with the futures market swinging into contango for the first time since the start of the year.

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How times change: Simon follows in his father's footsteps

How times change: Simon follows in his father's footsteps
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