(XOP)

The market has a lot to contend with as OPEC+ considers a second round of production hikes this weekend, against an economic and geopolitical backdrop that's dimmed prospects for demand and boosted th...

Oil markets are under pressure as traders focus on rising supply.

The crude oil markets initially rose for the week but then gave back the gains to show signs of hesitation, and exhaustion. At this point in time, the markets are still dealing with oversupply.

The crude oil markets drifted a little bit lower in the early hours of the morning for Friday, as we are still having a significant amount of oil pumped into the supply channel. At this point, oil wil...

WTI crude straddles the 200-day MA as traders await OPEC+'s output call. Rising inventories and supply risks weigh on the near-term oil outlook.

Oil prices slip on rising supply and weak demand signals, but natural gas stays firm, supported by trendline strength and bullish momentum.

Oil prices drifted down in early trading on Friday for the third straight day as investors awaited an OPEC+ meeting this weekend that will consider further output hikes.

Crude oil weakened Thursday, falling below the 20-Day average as resistance holds firm, keeping sellers in control and raising risks of testing $62.19 and $60.66 potential support levels.