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Crude oil prices are breaking down, more weakness ahead: BCA

Crude oil prices face further declines due to weakened demand forecasts, increased supply, and economic downturn predictions. Short-lived rallies are likely amidst a bearish market outlook.

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Crude oil prices are breaking down, more weakness ahead: BCA

Crude oil prices are expected to decline further due to weak demand and high supply, with BCA Research advising investors to reduce exposure over the next six to nine months.

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Oil eases on resuming US output after storm, rising rig count

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Oil eases on resuming US output after storm, rising rig count

Oil prices fell as Gulf crude production resumed post-Hurricane Francine, with increased U.S. rig counts and weakened demand, impacting market forecasts and investor strategies.

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• NYF

US gasoline prices set to fall under $3/gallon as election nears

Gasoline prices in the U.S. are projected to fall below $3 a gallon ahead of the election, providing potential relief for consumers and benefits for Democrats.

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• NYF

US gasoline prices set to fall under $3/gallon as election nears

Gasoline prices in the U.S. are set to fall below $3 a gallon before the November elections, offering potential relief for Democrats amid lower inflation and fuel costs.

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Oil rises 2% as storm batters US Gulf of Mexico production

Oil prices rose over 2% as U.S. Gulf output was impacted by Hurricane Francine, despite concerns over global oil demand and weakness from China.

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Oil rises 2% as storm batters US Gulf of Mexico production

Oil prices rose over 2% due to Hurricane Francine's impact. However, weak global demand and Libya's political crisis create uncertainty for future oil output and prices.

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• US500

Equities and oil divergence to continue for a while

The article discusses the growing divergence between oil prices and equity markets, driven by supply-side factors in oil and AI-driven optimism in equities.

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• US500

Equities and oil divergence to continue for a while

The article discusses the ongoing divergence between equities and oil prices, attributing it to supply-side oil factors and AI-driven optimism in equity markets.