Oil prices hit a 4-month low on June 4 despite OPEC+ extending its production cuts into 2025. The beginning of voluntary increase, an unexpected inventory build and signals of a slowing US economy have experts discussing the future of oil markets.
Despite escalating tensions globally, oil prices dropped for a third consecutive day on Tuesday, May 21, driven by an oil inventory build and the Fed's stubborn stance against falling inflation.
Natural Gas slid on February 6 to settle just above critical support due to warmer weather forecasts and growing surplus concerns. As it approaches record levels, what is the potential for reversal as the US grapples with falling demand?
Oil prices extended the latest bull run for a fourth consecutive day despite prices having suffered through Tuesday trading after the API reported a larger stock build than expected. The move was primarily attributed to the Biden administration's announced plans to replenish the SPR later this year.
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