(PXJ)

Crude oil reached $64.43 on Thursday, challenging a double bottom breakout. A daily close above $64.18 is needed to confirm the move and test higher resistance near the 20-Day moving average.

Stock-market investors might want to keep an eye on diverging path for what are arguably the world's two most closely followed commodities.

Traders try to evaluate the possibility of additional sanctions on Russia.

The crude oil market continues to see a lot of pressures, as we are still seeing a lot of producers flood the market with supply. At this point, the markets look soft overall.

Oil demand outlook improves on EIA data, lifting crude futures as key 200-day resistance comes into play—watch for technical breakout.

WTI climbs to $63 on sharp inventory draw, but oversupply fears and OPEC+ output keep energy markets volatile.

Oil prices rebounded on a sharp US crude inventory draw, but bearish technical trends in WTI and natural gas persist, while the US Dollar Index consolidates near key support amid geopolitical uncertai...

Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the U.S., the world's biggest oil user, supported expectations for steady demand.

The EIA report provided support to oil prices.