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2 weeks ago | 
tradingview.com | Steve Cronin |Michael Kelly
Nymex Overview: Petroleum Futures Remain Elevated But Off Earlier Highs — OPISPetroleum futures were still showing strong gains Friday even as they had backed off earlier highs following Israel's strike on Iranian targets Thursday. The gains, coupled with strength seen earlier in the week, mean crude oil, RBOB and ULSD contracts are all on track to end the week substantially higher.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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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.
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2 months ago | 
tradingview.com | Frank Tang |Michael Kelly
Nymex Overview: Oil Futures Take Breather as U.S. Tariffs, OPEC+ Supply in FocusOPISPetroleum futures traded mostly flat by midday Thursday trading, as the market regained some of its footing after the previous day's volatile decline, with energy participants closely monitoring possible new developments of OPEC+ production policies and U.S. tariffs.
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2 months ago | 
tradingview.com | Frank Tang |Michael Kelly
Nymex Overview: Oil, Product Futures Retreat on Talk of OPEC+ Supply HikeOPISPetroleum futures fell broadly by midday Wednesday as a report of a possible output hike by OPEC and its allies more than offset U.S. data showing decent drawdowns of refined product stockpiles last week. At noon ET, June NYMEX West Texas Intermediate crude futures were off by around $1.65 to $62.05/bbl, and July WTI dropped by $1.55 to $61.35/bbl.
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2 months ago | 
tradingview.com | Steve Cronin |Michael Kelly
Nymex Overview: Crude, Product Futures Fall SharplyOPISCrude oil and refined product futures prices were seeing another day of sharp losses Monday amid a pullback in equity markets and indications of progress in talks between the U.S. and Iran. Crude prices were down by about 2.6% at 11:30 a.m. ET, with the NYMEX May West Texas Intermediate crude contract sinking by $1.67 to $63.01/bbl.
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2 months ago | 
tradingview.com | Frank Tang |Michael Kelly
The West Texas Intermediate crude contract fell more than $2 by midday Wednesday, as intensifying fears of a global trade war and lower petroleum demand expectations sent the U.S. oil benchmark to its lowest level in more than four years. At noon ET, May WTI fell $2.30 to $57.30/bbl, on track for a fifth session of sharp declines and to settle at its lowest since Feb. 5, 2021. June WTI was about $2.25 lower at $56.85/bbl. WTI has lost around $14, or 20%, since its April 2 settlement of $71.71/bbl.
