Michael Kelly

1 week ago | tradingview.com | Steve Cronin |Michael Kelly

Nymex Overview: Petroleum Futures Rise on Supply Concerns — OPISCVXCrude oil and refined product futures contracts were seeing gains Wednesday morning as concerns about global supply helped offset anticipation that OPEC and its allies could soon agree to another increase in production. Oil prices were up by nearly 1.6% at 11:15 a.m. ET, with the July West Texas Intermediate crude contract up 90cts to $61.79/bbl and August prices moving 86cts higher to $61.19/bbl.

2 weeks ago | tradingview.com | Steve Cronin |Michael Kelly

Nymex Overview: Futures Fall on Fears of Another OPEC Production Boost — OPISCrude oil and refined product futures prices were falling heading into Thursday afternoon, pushed lower by reports that OPEC and its allies are considering additional production increases. Crude prices were down by 1.1% at 11:30 a.m. ET as they headed for a third day of declines, with the July West Texas Intermediate crude contract falling by 71cts to $60.86/bbl while August prices saw a similar loss to $60.32/bbl.

2 weeks ago | marketscreener.com | Frank Tang |Michael Kelly

Published on 05/20/2025 at 12:44 Crude oil futures traded slightly lower by midday Tuesday, weighed down by easing tensions over attempts to end the Ukraine war and negotiations between U.S. and Iran that would allow Tehran's oil production to return to the global market. At 11:55 a.m. ET, most-active July West Texas Intermediate crude futures were down 40cts to around $61.70/bbl and June WTI was also 40cts lower to $62.30/bbl.

3 weeks ago | tradingview.com | Frank Tang |Michael Kelly

Nymex Overview: Oil Eases on OPEC Report, U.S. Stock Build After Four-Day Rally — OPISCrude oil futures fell by midday Wednesday trade after a four-day rally, following data showing higher U.S. crude inventory and a cautious OPEC report. At 11:45 a.m. ET, June NYMEX West Texas Intermediate crude futures were down 60cts at $63.05/bbl and July WTI was off by the same amount at $62.65/bbl.

1 month ago | tradingview.com | Frank Tang |Michael Kelly

NYMEX Overview: Oil Takes Breather After Sell-Off; Oversupply Risks in FocusOPISCrude oil prices were mostly flat by midday Thursday, regaining its footing after three consecutive days of sharp losses as market participants assessed oversupply risks due to higher OPEC+ production and U.S. recession worries. At noon ET, June NYMEX West Texas Intermediate crude futures were unchanged at around $58.20/bbl, and July WTI was also flat at about $57.65/bbl.