Browsing: Oil

Oil edges higher as rig count drops; bulls test 200-hour cap near $59 Crude futures settled at $58.65, up 1.21%, after reclaiming the 100-hour moving average. A 12-rig slide in U.S. oil drilling added a… (via Bpaynews real-time desk)

AI-fueled chip rally collides with crypto rout as upgrades lift Kyndryl and Astronics; Apple contests India fine regime A powerful bid for AI-linked semis kept parts of tech buoyant even as a sharp Bitcoin selloff… (via Bpaynews real-time desk)

Oil Futures Slip 1.5% to $57.95 as Resistance Near $58.50 Caps Rebound Crude oil futures settled at $57.95, down $0.89 (-1.51%), after a whippy session that saw prices probe a technical floor at $57.39 before… (via Bpaynews real-time desk)

Oil Slides as Supply Signals Offset Geopolitical Risk; WTI Stalls Below $59 in Tight Range Crude futures extended losses as supply-friendly headlines from Russia, China and Canada kept pressure on prices, with West Texas Intermediate… (via Bpaynews real-time desk)

Russia, China Weigh Bigger Oil Flows, Eye Kazakhstan Transit Extension to 2033 as US Tightens Sanctions Russia and China are discussing ways to expand crude shipments to the Chinese market, including a decade-long extension of… (via Bpaynews real-time desk)

Risk-On Sentiment Returns as Amazon’s $50B AI Spend Lifts Tech; Franklin Templeton Launches XRP ETF on NYSE Arca A surge in risk appetite swept through U.S. equities after Amazon pledged a $50 billion investment in… (via Bpaynews real-time desk)

Headline: Goldman Sachs Predicts Oil Price Slide Through 2026 Before Post-2027 Recovery A new Goldman Sachs outlook points to a softer oil market over the next two years as fresh supply swells and the global…

Headline: Dollar Mixed as Fed Eases, Oil Stocks Climb, and Nvidia Results Come Into View The North American session delivered a cross-asset mix that keeps traders on their toes: the U.S. dollar held a mixed…

Headline: Goldman Sachs Maps Oil’s Next Moves: Dip Through 2026, Rebound Toward $80 by 2028 Introduction: Goldman Sachs has extended its oil market outlook to 2035, signaling a bumpy near-term path followed by a structurally…

Headline: Brent Oil Could Break $85 if Russian Exports Slump, Barclays Says Introduction: Brent crude prices may have substantial upside if Russian oil shipments fall sharply, according to a new outlook from Barclays. The bank…