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CRUDE IN SIGHT

Crude inches up early Fri, in search of bottom after bout of sell-off - Feb. 3, 2023

Benchmark sweet crude futures were trekking higher early Friday in Asia but lacked strong momentum, signalling a tentative search for a bottom after nearly five consecutive sessions of declines.
The US dollar bounced up from seven-and-a-half-month lows on Thursday, likely exerting some downward pressure on crude.
Wednesday’s Energy Information Administration report showing a substantial build in US crude and refined product stocks in the week ended January 27 also continued to weigh on prices.

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ARCHIVES

Jan. 10, 2019: third crude in sight report

Jan. 13, 2019: Crude second report

Jan. 22, 2020: Prices slip early Wed on China virus but Libyan outage supportive

Jan. 23, 2020: Prices slip into a downward spiral as China virus fears grow

Jan. 27, 2020: Brent crashes through $60 at market open Monday

Feb. 10, 2020: Crude in downward spiral early Monday - 10 Feb 2020

Feb. 11, 2020: Crude rebounds early Tue on bargain-hunting

Feb. 12, 2020: Crude extends gains early Wednesday

Feb. 13, 2020: Crude recovery stalls early Thursday

Feb. 14, 2020: Crude inches lower early Friday

Feb. 17, 2020: Crude opens marginally lower Monday

Feb. 18, 2020: Crude eases early Tuesday as COVID-19 crisis drags on

Feb. 19, 2020: Crude rebounds early Wednesday

Feb. 20, 2020: Crude extends gains early Thursday

Feb. 21, 2020: Crude reverses uptrend early Friday

Feb. 24, 2020: Crude dives early Mon as Covid-19 flares up

Feb. 25, 2020: Crude recovers in bargain-hunting after 4% plunge

Feb. 26, 2020: Crude inches up early Wed

Feb. 27, 2020: Crude plumbs fresh 1-year lows

Feb. 28, 2020: Crude in freefall early Friday

March 2, 2020: Crude surges by over 3% early Monday

March 3, 2020: Crude spikes early Tue in Asia

March 4, 2020: Crude firms early Wednesday

March 5, 2020: Crude rebounds early Thursday

March 6, 2020: Crude in a tailspin again early Fri

March 7, 2020: sample report?

March 9, 2020: Crude crashes by 25% early Monday

March 10, 2020: Crude corrects up b 6-7% early Tuesday

March 11, 2020: Crude continues to rebound early Wed

March 12, 2020: Crude crashes by up to 6% early Thu

March 13, 2020: Crude continues to tumble below 4-year lows

March 16, 2020: Crude dives again early Monday

March 17, 2020: Crude rebounds early Tue on bargain-hunting

March 18, 2020: Crude inches up early Wed

March 19, 2020: Crude crawls up early Thu but lacks basis for support

March 20, 2020: Crude builds on historic rebound from 18-year lows

March 23, 2020: Brent extends losses early Monday

March 24, 2020: Crude extends gains early Tue

March 25, 2020: Crude continues to tick higher

March 26, 2020: Crude slides early Thu

March 27, 2020: Crude ticks up early Friday

March 30, 2020: Crude goes into a tailspin early Monday

March 31, 2020: Crude bounces up early Tue

April 1, 2020: Crude eases early Wednesday

April 2, 2020: Crude recovers ground early Thu

April 3, 2020: SPECIAL EDITION: Crude eases early Fri after historic spike

April 6, 2020: Crude dives early Mon as OPEC+ meet delayed

April 7, 2020: Crude rebounds early Tuesday

April 8, 2020: Crude firms early Wed in continuing seesaw over OPEC+ cuts

April 9, 2020: Crude extends gains early Thu ahead of OPEC+ meeting

April 10, 2020: Crude closes lower on Thu, disappointed by size of OPEC+ cuts

April 13, 2020: Crude bounces up early Mon after historic OPEC+ output cut deal

April 14, 2020: Crude inches up early Tue as Saudi, Russia, US talk up output cuts

April 15, 2020: Crude edges up early Wed

April 16, 2020: Bargain-hunting lifts crude again early Thu

April 17, 2020: Crude mixed early Fri even as stock markets cheer antiviral drug

April 20, 2020: Crude slips early Mon as pandemic's grip stokes demand concerns

April 21, 2020: Brent inches up early Tue; WTI in historic negative settle

April 22, 2020: Brent continues to skid, WTI finds support early Wed

April 23, 2020: Crude takes a breather early Thursday

April 24, 2020: Crude extends Thu's gains as US output decline seen accelerating

April 27, 2020: Crude slides early Mon amid sour demand outlook

April 28, 2020: Crude continues to weaken early Tue under pressure from supply glut

April 29, 2020: WTI rebounds, Brent inches up but sentiment volatile

April 30, 2020: Crude extends Wed's strong gains

May 1, 2020: Crude makes modest gains early Fri

May 4, 2020: Crude slides early Mon as rising US-China tensions spook markets

May 5, 2020: Crude jumps early Tue as focus reverts to easing lockdowns

May 6, 2020: Crude rally stalls, trading turns rangebound early Wed

May 7, 2020: Crude inches up early Thu after Wed's slide as sentiment yo-yos

May 8, 2020: Crude ticks up early Fri as sentiment seesaw persists

May 11, 2020: Crude slips as 3 reopening economies see rise in infection rates

May 12, 2020: Crude inches up early Tue in bargain-hunting

May 13, 2020: Crude weakens early Wed as risks of easing lockdowns back in focus

May 14, 2020: Crude rangebound as mood on economic recovery sours

May 15, 2020: Crude consolidates early Fri after rallying to 5-week highs

May 18, 2020: Crude continues to rally early Mon as global reopening gathers pace

May 19, 2020: Crude builds on 3-day rally early Tue

May 20, 2020: Crude rangebound early Wed as market pauses rally to take stock

May 21, 2020: Crude inches up early Thu as upswing resumes on demand hopes

May 22, 2020: Crude slips early Fri amid growing worries over economic recovery

May 26, 2020: Crude firms early Tue as focus returns to market rebalancing

May 27, 2020: Crude softens on US-China tensions, questions over size of H2 OPEC+ cuts

May 28, 2020: Crude extends Wed's losses amid fresh doubts over market rebalancing

May 29, 2020: Crude back in the red early Fri as US-China confrontation looms

June 1, 2020: Crude slips early Mon as unrest across US threatens demand recovery

June 2, 2020: Crude edges higher early Tue as attention returns to market rebalancing

June 3, 2020: Brent vaults over $40 with eye on rollover of deeper OPEC+ cuts

June 4, 2020: Crude slips early Thu as traders in Asia digest fresh OPEC+ challenges

June 5, 2020: Crude mildly weaker early Fri, awaiting OPEC+ decision on cuts

June 8, 2020: Crude stabilises in narrow range after volatile Mon start on OPEC+ deal

June 9, 2020: Crude bounces up early Tue as Mon's sharp slide spurs bargain-hunting

June 10, 2020: Crude unwinds Tue's gains early Wed as API reports surge in US stocks

June 11, 2020: Crude slips early Thu as US stock-build shakes confidence in rebalancing

June 12, 2020: Crude continues to tumble as Asia wakes up to fear of 2nd wave in US

June 15, 2020: Crude slumps at Mon's open on fears of virus resurgence

June 16, 2020: Crude weakens early Tue, disconnecting from rebound in stock markets

June 17, 2020: Crude begins Asian day with a slide again but sentiment remains fickle

June 18, 2020: Crude extends losses early Thu as virus worries take hold

June 19, 2020: Crude extends gains early Fri as demand optimism regains footing

June 22, 2020: Crude inches up early Mon but with wary eye on virus

June 23, 2020: Crude slips and rebounds early Tue on US-China trade comments flip-flop

June 24, 2020: Crude mildly weaker early Wed, appears to be in consolidation mode

June 25, 2020: Crude continues to slide early Thu as US virus resurgence fears grow

June 26, 2020: Crude extends Thu's gains early Fri

June 29, 2020: Crude opens weaker Mon on renewed jitters over virus spikes

June 30, 2020: Crude eases early Tue amid demand recovery worries

July 1, 2020: Crude edges higher early Wed after API reports major US stock-draw

July 2, 2020: Crude marginally lower early Thu amid profit-taking, US virus fears

July 3, 2020: Crude inches down early Fri from 4-month highs on profit-taking

July 6, 2020: Brent inches up early Mon but sentiment remains fickle

July 7, 2020: Crude pares gains early Tue as demand worries persist

July 8, 2020: Crude rangebound early Wed, awaiting fresh direction

July 9, 2020: Crude in tight trading range around four-month highs early Thu

July 10, 2020: Crude extends Thu's losses but lacks strong momentum

July 13, 2020: Crude weakens early Mon as demand worries resurface

July 14, 2020: Crude continues to slide early Tue on oversupply worries

July 15, 2020: Crude edges higher as API data shows US stock-draw

July 16, 2020: Crude rally pauses early Thu at fresh 4-month highs as market recalibrates

July 17, 2020: Crude flat early Fri after backing off 4-month highs

July 20, 2020: Crude eases early Mon as demand concerns return to the fore

July 21, 2020: Crude flat to mildly firmer early Tue, buoyed by vaccine news

July 22, 2020: Crude inches lower on US stock-build, demand concerns

July 23, 2020: Crude in holding pattern around 4-month highs

July 24, 2020: Crude inches up early Fri but lacks momentum

July 27, 2020: Crude mildly weaker early Mon, finds support from weaker dollar

July 28, 2020: Crude maintains upward grind early Tue as dollar continues to tumble

July 29, 2020: Crude in a limbo early Wednesday

July 30, 2020: Crude sideways early Thu, with EIA data, Fed decision factored in

July 31, 2020: Crude rebounds early Fri on bargain-hunting, weaker USD

Aug. 3, 2020: Crude reverses Fri's modest gains early Mon on oversupply concerns

Aug. 4, 2020: Crude eases early Tue on profit-taking, slightly firmer US dollar

Aug. 5, 2020: Crude sideways early Wed; API's big US stock-draw dampens profit-taking

Aug. 6, 2020: Crude rangebound early Thu amid mixed economic sentiment; awaits next move by USD

Aug. 7, 2020: Crude flat early Fri, awaiting major economic data, US stimulus news

Aug. 10, 2020: Crude rebounds early Mon as Trump extends virus relief through executive order

Aug. 11, 2020: Crude eyes 5-month highs early Tue as demand outlook improves

Aug. 12, 2020: Crude inches up early Wed as API shows across-the-board US stock-draws

Aug. 13, 2020: Crude backs off 5-month highs early Thu (corrected)

Aug. 13, 2020: Crude backs off 5-month highs in some profit-taking early Thu

Aug. 14, 2020: Crude holds mostly steady early Fri, pausing for fresh direction

Aug. 17, 2020: Crude propped up by weakening dollar, bargain-hunting

Aug. 18, 2020: Crude edges down from fresh 5-month highs early Tue

Aug. 19, 2020: Crude weakens early Wed as API reports surprising US gasoline stock-build

Aug. 20, 2020: Crude weakens early Thu amid USD rebound, risk-off sentiment

Aug. 21, 2020: Crude firmer early Friday amid bargain-hunting, recovering risk appetite

Aug. 24, 2020: Crude slightly higher early Mon; demand overshadows US Gulf output shut-ins

Aug. 25, 2020: Crude mostly flat early Wed; financial markets sentiment dwarfs USG storms

Aug. 26, 2020: Crude flat to slightly higher early Wed as US upstream, refining shut-ins rise

Aug. 27, 2020: Crude flat early Thu, awaiting fallout of USG storm, key Fed speech

Aug. 28, 2020: Crude steady early Fri after surrendering most of hurricane premium

Aug. 31, 2020: Crude inches up early Mon as US dollar resumes slide

Sept. 1, 2020: Crude firmer Tue on weakening USD, strong China manufacturing data

Sept. 2, 2020: Crude climbs early Wed on economic sentiment, API showing US stock-draws

Sept. 3, 2020: Crude inches up early Thu, may correct after Wed's steep sell-off

Sept. 4, 2020: Crude continues to soften early Friday

Sept. 7, 2020: Crude resumes slide from two-month lows early Mon

Sept. 8, 2020: Brent flat in sluggish trade early Tuesday

Sept. 9, 2020: Crude continues to tumble from 3-month lows early Wed

Sept. 10, 2020: Crude eases early Thu in profit-taking

Sept. 11, 2020: Crude continues to trek lower early Fri, with no support in sight

Sept. 14, 2020: Crude bounces up early Mon as financial market sentiment recovers

Sept. 15, 2020: Crude flat early Tue; weak fundamentals prevail

Sept. 16, 2020: Crude builds on Tue's gains on API data, recovering economic sentiment

Sept. 17, 2020: Crude eases early Thu on profit-taking after 4-5% surge

Sept. 18, 2020: Crude inches up early Fri as sentiment remains supported

Sept. 21, 2020: Crude sideways early Mon, digesting prospects of Libyan restart, demand worries

Sept. 22, 2020: Crude ticks up in bargain-hunting early Tue after 4% slump

Sept. 23, 2020: Crude slides early Wed amid demand concerns, stronger dollar

Sept. 24, 2020: Crude weakens early Thu as demand fears gain momentum

Sept. 25, 2020: Crude slightly firmer early Fri on news US stimulus talks may resume

Sept. 28, 2020: Crude slides at Mon's market open as demand fears dominate

Sept. 29, 2020: Crude eases early Tue as Mon's modest gains remain unconvincing

Sept. 30, 2020: Crude continues to skid early Wed as economic outlook sours

Oct. 1, 2020: Crude flat around Wed's higher settle, awaits further cues

Oct. 2, 2020: Crude continues to tumble early Fri after US stimulus talks setback

Oct. 5, 2020: Crude claws back half of Fri's losses amid cautious optimism over Trump health

Oct. 6, 2020: Crude marginally higher early Tue but awaits fresh direction

Oct. 7, 2020: Crude pulls back after Trump calls off stimulus package talks

Oct. 8, 2020: Crude awaits fresh direction, trades mildly higher early Thu

Oct. 9, 2020: Crude lingers around 1-month highs early Fri as US stimulus hopes hold sway

Oct. 12, 2020: Crude under pressure early Mon as supply crimps end, US stimulus falters

Oct. 13, 2020: Crude flat early Tue after slipping 3% on Mon amid weaker fundamentals

Oct. 14, 2020: Crude eases early Wed as global demand worries eclipse China strength

Oct. 15, 2020: Crude pauses around 1-month highs early Thu despite bullish API data

Oct. 16, 2020: Crude resumes slide early Fri as demand worries elbow out US stock-draws

Oct. 19, 2020: Crude opens slightly weaker early Mon; all eyes on OPEC+ JMMC later today

Oct. 20, 2020: Crude slumps early Tue, discounting chances of US stimulus deal

Oct. 21, 2020: Crude unwinds Tue's gains amid doubts over US stimulus deal

Oct. 22, 2020: Crude extends losses early Thu as stimulus hopes fade, US demand weakens

Oct. 23, 2020: Crude extends Thu's recovery early Fri but lacks strong momentum

Oct. 26, 2020: Crude skids early Mon on jitters over new virus peaks in US, Europe

Oct. 27, 2020: Crude turns the corner early Tue after hitting 4-week lows

Oct. 28, 2020: Crude unwinds gains early Wed as API reports sizeable US stock-builds

Oct. 29, 2020: Crude stabilizes on bargain-hunting early Thu after 5% plunge

Oct. 30, 2020: Crude inches up early Fri from 5-month lows but bottom uncertain

Nov. 2, 2020: Crude tanks at Mon's start on lockdowns, Libyan surge, Biden lead

Nov. 3, 2020: Crude sees profit-taking after Mon's 3% rebound but volatility ahead

Nov. 4, 2020: Crude off to a rocky start Wed as early US election results show Biden lead

Nov. 5, 2020: Crude slides early Thu as Biden appears on the brink of winning

Nov. 6, 2020: Crude extends losses early Fri amid US election limbo

Nov. 9, 2020: Crude begins clawing back Fri's losses as Biden win ends uncertainty

Nov. 10, 2020: Crude eases early Tue in profit-taking after 8-9% spike on vaccine news

Nov. 11, 2020: Crude sustains rally early Wed amid growing optimism over economic recovery

Nov. 12, 2020: Crude edges up early Thu but momentum may be fading

Nov. 13, 2020: Crude hits the skids early Fri as virus surge dominates vaccine hopes

Nov. 16, 2020: Crude treks higher early Mon on back of major Asian trade deal

Nov. 17, 2020: Crude continues to firm on vaccine news, likely rollover of OPEC+ cuts

Nov. 18, 2020: Crude eases early Wed as API reports US stock-build, OPEC+ rollover baked in

Nov. 19, 2020: Crude down early Thu as vaccine bump abates, virus surge worries resurface

Nov. 20, 2020: Crude flat early Fri, reconciling vaccine bump, Covid surge

Nov. 23, 2020: Crude sideways early Mon after 5% weekly gain on vaccine cheer

Nov. 24, 2020: Crude inches up after Mon's rally as vaccine bump consolidates

Nov. 25, 2020: Brent vaults over $48 early Wed, disregarding US crude build

Nov. 26, 2020: Crude continues to climb early Thu; vaccine cheer momentum intact

Nov. 27, 2020: Crude inches up after Thu's dip spurred by AstraZeneca vaccine doubts

Nov. 30, 2020: Crude opens lower amid reports of OPEC+ dissed over rollover of cuts

Dec. 1, 2020: Crude continues to ease early Tue as OPEC+ keeps market waiting on cuts

Dec. 2, 2020: Crude sustains slide early Wed as OPEC+ deal delayed again

Dec. 3, 2020: Crude eases in profit-taking but awaits OPEC+ deal

Dec. 4, 2020: Crude jumps early Fri in Asia after OPEC+ opts for small supply boost from Jan

Dec. 7, 2020: Crude eases early Mon amid doubts nine-month-high prices justified

Dec. 8, 2020: Crude sustains slide early Tue as virus worries overshadow vaccine hopes

Dec. 9, 2020: Crude eases early Wed as bearish API data pushes aside vaccine cheer

Dec. 10, 2020: Crude resumes upward climb early Thu as vaccine cheer takes hold

Dec. 11, 2020: Brent extends gains above $50 but momentum ebbs somewhat

Dec. 14, 2020: Crude opens flat on Mon; US vaccine rollout set to dominate sentiment

Dec. 15, 2020: Crude pulls back from 9-month highs as virus woes check vaccine cheer

Dec. 16, 2020: Crude softer early Wed on US stock-build but lacks momentum

Dec. 17, 2020: Crude extends gains early Thu as Asia catches up with overnight bullishness

Dec. 18, 2020: Crude slips early Fri as US stimulus talks wobble, government shutdown looms

Dec. 21, 2020: Crude slumps amid jitters over more contagious Covid strain in UK

Dec. 22, 2020: Crude slides again early Tue with nervous eye on new Covid strain

Dec. 23, 2020: Crude dives early Wed as Trump rejects US stimulus bill

Dec. 24, 2020: Crude climbs early Thu in holiday-thinned trading

Dec. 28, 2020: Crude mildly lower early Mon as Russia supports Feb OPEC+ output hike

Dec. 29, 2020: Crude inches up early Tue in bargain-hunting, awaits fresh cues

Dec. 30, 2020: Crude firms early Wed on back of API showing surprise US stock-draws

Dec. 31, 2020: Crude eases early Thu amid demand worries, possible OPEC+ supply boost

Jan. 4, 2021: Crude firms early Mon, counting on OPEC+ to roll over Jan cuts

Jan. 5, 2021: Crude rises in bargain-hunting early Tue, awaiting OPEC+ decision

Jan. 6, 2021: Crude extends rally early Wed after surprise Saudi output cut

Jan. 7, 2021: Crude continues to climb early Thu on plunge in US stocks

Jan. 8, 2021: Crude climbs early Fri on Saudi output cut, US stimulus hopes

Jan. 11, 2021: Crude slips early Mon on profit-taking, firmer dollar

Jan. 12, 2021: Crude flat early Tue after rally stalls on profit-taking, virus worries

Jan. 13, 2021: Crude extends Tue's rally, Brent breaches $57/barrel-mark

Jan. 14, 2021: Crude remains under pressure early Thu on demand worries

Jan. 15, 2021: Crude drifts lower, unmoved by Biden's $1.9 trillion relief plan

Jan. 18, 2021: Crude continues to skid early Mon as oil demand fears take hold

Jan. 19, 2021: Crude firms on weaker USD, Yellen urging US senators for big stimulus

Jan. 20, 2021: Crude edges up early Wed as economic sentiment recovers

Jan. 21, 2021: Crude unwinds Wed's small gains after API reports US stock-build

Jan. 22, 2021: Crude back under pressure early Fri as Biden stimulus plan faces test

Jan. 25, 2021: Crude resumes downward drift early Mon amid demand worries

Jan. 26, 2021: Crude slips early Tue on profit-taking, continued demand worries

Jan. 27, 2021: Crude inches up early Wed as API reports sizeable US stock-draw

Jan. 28, 2021: Crude weakens early Thu as Asia wakes up to vaccine rollout woes

Jan. 29, 2021: Crude sideways early Fri, under shadow of vaccine rollout woes

Feb. 1, 2021: Crude opens mixed in slow start to week; China factory activity weakens in Jan

Feb. 2, 2021: Crude extends Mon's rally as Asia wakes up to bullish turn in sentiment

Feb. 3, 2021: Crude climbs early Wed from 1-year high on US stock-draws

Feb. 4, 2021: Crude continues to edge up early Thu on signs of market rebalancing

Feb. 5, 2021: Crude continues to rally early Fri on demand optimism; Brent vaults above $59

Feb. 8, 2021: Crude continues to rise from Fri's 1-year-high settle early Mon

Feb. 9, 2021: Crude remains in rally mode early Tue as sustained gains spark more buying

Feb. 10, 2021: Crude takes a breather early Wed after hitting fresh 1-year highs

Feb. 11, 2021: Crude drifts lower early Thu as 9-day uninterrupted rally falters

Feb. 12, 2021: Crude extends losses early Fri after IEA downgrades demand outlook

Feb. 15, 2021: Brent vaults above $63 as Asia joins Friday's renewed rally in crude

Feb. 16, 2021: Crude sustains climb early Tue as US deep freeze hits Permian output

Feb. 17, 2021: Crude eases early Wed, in consolidation mode as latest rally loses steam

Feb. 18, 2021: Brent vaults above $65 as US Polar freeze spurs fresh rally

Feb. 19, 2021: Crude extends slump early Fri as Texas begins to restore oil output

Feb. 22, 2021: Crude treks higher early Mon on bargain-hunting, weaker dollar

Feb. 23, 2021: Crude extends rally early Tue; Brent vaults above $66

Feb. 24, 2021: Crude weakens early Wed on US stock-build, profit-taking, stronger USD

Feb. 25, 2021: Crude continues upward trek early Thu, after spiking on US weekly data

Feb. 26, 2021: Crude slips early Fri as risk appetite wanes in broader financial markets

March 1, 2021: Crude rebounds from Friday's slump on promising US stimulus, vaccine news

March 2, 2021: Crude extends losses early Tue with eye on OPEC+ meet, stronger USD

March 3, 2021: Crude edges up early Wed in bargain-hunting after 6% slump in spate of sell-off

March 4, 2021: Crude holds on to Wed's rebound on expectations of OPEC+ rollover

March 5, 2021: Crude pauses early Fri after 4% spike on OPEC+ rollover of cuts to April

March 8, 2021: Brent rockets above $71 early Mon after Houthis attack Ras Tanura

March 9, 2021: Crude edges up in bargain-hunting after settling lower

March 10, 2021: Crude continues to slide early Wed in pullback from last week's rally

March 11, 2021: Crude climbs early Thu as Asia catches up with bullish US EIA data

March 12, 2021: Crude rally stalls; prices dip in profit-taking early Friday

March 15, 2021: Crude resumes upward trek early Monday amid risk-on trade

March 16, 2021: Crude in pullback mode early Tue with eye on Covid resurgence in Europe

March 17, 2021: Crude drifts sideways early Wed, awaiting key oil data, Fed moves

March 18, 2021: Crude continues to slide on demand worries, lacklustre US oil data

March 19, 2021: Crude bounces up early Fri in bargain-hunting after crashing 7% on Thu

March 22, 2021: Crude slips at market open Monday as demand fears dominate

March 23, 2021: Crude slides early Tue as demand fears gain upper hand again

March 24, 2021: Crude eases early Wed but in sluggish downward momentum

March 25, 2021: Crude weakens early Thu on profit-taking, demand concerns

March 26, 2021: Crude edges up early Fri with eye on blocked Suez, OPEC+ meet

March 29, 2021: Crude slides early Mon with demand fears back to the fore

March 30, 2021: Crude back in tug-of-war between demand worries, next OPEC+ move

March 31, 2021: Crude inches up early Wed on expectations of OPEC+ rollover

April 1, 2021: Crude edges up early Thu in some bargain-hunting ahead of OPEC+ meet

April 5, 2021: Crude inches lower early Mon, weighing OPEC+ boost against demand

April 6, 2021: Crude bounces up early Tue on bargain-hunting, US economic optimism

April 7, 2021: Crude rangebound early Wed in Asia, awaiting fresh direction

April 8, 2021: Crude slides early Thu as demand sentiment flip-flop continues

April 9, 2021: Crude prices tick up early Fri but mood in a limbo

April 12, 2021: Crude sideways early Mon despite cautiously upbeat sentiment

April 13, 2021: Crude stuck in sideways trade early Tue, ahead of key US inflation data

April 14, 2021: Crude edges up early Wed but lacks clear bullish impetus

April 15, 2021: Crude eases early Thu in consolidation mode after Wed's 5% rally

April 16, 2021: Crude sideways early Friday as upward momentum abates

April 19, 2021: Crude eases early Mon, recalibrating to global Covid woes

April 20, 2021: Crude extends Mon's modest gains amid US cheer, weaker USD

April 21, 2021: Crude extends slide on growing Covid woes, bearish API data

April 22, 2021: Crude extends losses after US oil data fails to counter demand worries

April 23, 2021: Crude in recovery mode early Fri after pricing in Covid woes

April 26, 2021: Crude trades in a tight range early Mon, weighing Covid contrasts

April 27, 2021: Crude inches up early Tue with confidence in global oil demand pick-up

April 28, 2021: Crude slips early Wed after API reports unexpected jump in US stocks

April 29, 2021: Crude continues to firm early Thu, with tailwinds from US weekly oil data

April 30, 2021: Crude eases early Fri in profit-taking after hitting 6-week highs

May 3, 2021: Crude marginally extends Fri's slide early Mon, with eye on India

May 4, 2021: Crude builds on Mon's gains with US, EU recovery driving optimism

May 5, 2021: Brent eyes $70 early Wed, with fresh boost from API data

May 6, 2021: Crude sideways early Thu after early-week rally runs out of steam

May 7, 2021: Crude trades sideways early Fri, awaiting fresh direction

May 10, 2021: Crude opens higher Monday on major US products pipeline outage

May 11, 2021: Crude slips early Tue as US pipeline outage concerns fade, virus worries return

May 12, 2021: Crude sideways early Wed, unmoved by API data, awaiting EIA report

May 13, 2021: Crude slips early Thu on IEA demand downgrade, inflation worries

May 14, 2021: Crude extends Thu's losses on demand, inflation worries

May 17, 2021: Crude opens higher early Mon but virus variants prompt caution

May 18, 2021: Crude inches up after hitting two-year highs on US cheer momentum

May 19, 2021: Crude continues to slide early Wed as inflation fears resurface

May 20, 2021: Crude takes a breather after settling 3% lower in turbulent trading

May 21, 2021: Crude remains under pressure early Fri from prospect of US-Iran deal

May 24, 2021: Crude extends gains early Mon as US-Iran deal expectations tempered

May 25, 2021: Crude continues to edge higher on US rebound; Iran cast aside

May 26, 2021: Crude sideways as risk appetite fluctuates, Iran suspense lingers

May 27, 2021: Crude weakens early Thu as risk appetite falters again

May 28, 2021: Crude extends gains early Fri with fresh cheer over US economy

May 31, 2021: Crude builds on last week's rally early Mon amid renewed US cheer

June 1, 2021: Brent vaults above $70 as demand optimism surges

June 2, 2021: Crude continues to edge up early Wed after settling at 2-year highs

June 3, 2021: Brent eyes $72 as rally sustains steam ahead of weekly US data

June 4, 2021: Crude in pullback mode early Fri as rally runs out of steam

June 7, 2021: Crude slips from 2-year highs early Mon as risk appetite falters

June 8, 2021: Crude continues to slide with investors on tenterhooks

June 9, 2021: Crude extends gains as US hardens stance on Iran sanctions

June 10, 2021: Crude on downward slope on weak US oil data, inflation jitters

June 11, 2021: Crude pares gains in profit-taking but bullish pivot intact

June 14, 2021: Crude resumes upward climb as demand optimism sustains

June 15, 2021: Crude ticks higher early Tue but market awaits fresh signals

June 16, 2021: Crude extends rally early Wed; API reports big US stock-draw

June 17, 2021: Crude slips early Thu after Fed signal on rate hike spooks markets

June 18, 2021: Crude extends slide early Fri amid risk aversion, firming dollar

June 21, 2021: Crude in recovery mode as fundamentals return centre-stage

June 22, 2021: Brent flirts with $75 again on tailwinds of demand, risk-on trade

June 23, 2021: Crude resume climb after Tue's pause on bullish API data

June 24, 2021: Crude sideways early Thu after rallying to fresh 2.5-year highs

June 25, 2021: Crude continues to crawl higher, spurred by fresh US economic cheer

June 28, 2021: Crude rangebound early Monday with eye on OPEC+ supply hike

June 29, 2021: Crude extends losses early Tue with eye on OPEC+ boost, Delta variants

June 30, 2021: Crude firms early Wed on US stock-draw, signs of OPEC+ tussle

July 1, 2021: Crude ticks higher early Thu after bullish US stocks, demand report

July 2, 2021: Crude rangebound early Fri after OPEC+ deal hits a roadblock

July 5, 2021: Crude rangebound early Mon as OPEC+ suspense lingers

July 6, 2021: Crude on upward trek early Tue as OPEC+ remains deadlocked

July 7, 2021: Crude rangebound early Wed after slumping in risk-off trade on Tue

July 8, 2021: Crude extends losses early Thu, starting to price in UAE exit from OPEC+

July 9, 2021: Crude eases early Fri as prop from strong US oil data weakens

July 12, 2021: Crude under pressure amid demand doubts, continuing OPEC+ standoff

July 13, 2021: Crude ticks up early Tue but demand worries back in play

July 14, 2021: Crude edges lower early Wed on profit-taking, demand worries

July 15, 2021: Crude caught in downward spiral on OPEC+ confusion, uncertainty

July 16, 2021: Crude looks for a bottom early Fri after diving for two days

July 19, 2021: Crude softens early Mon but OPEC+ deal has lifted pressure of uncertainty

July 20, 2021: Crude steadies early Tue after diving 7% on Delta dread

July 21, 2021: Crude weakens early Wed after API data shows US stock-builds

July 22, 2021: Crude softens early Thu in profit-taking after 4-5% rebound

July 23, 2021: Crude inches lower early Fri in profit-taking after 2nd day of rebounding

July 26, 2021: Crude slips in profit-taking early Mon; US Covid resurgence in focus

July 27, 2021: Crude ticks higher early Tue amid recovery in broader risk appetite

July 28, 2021: Crude leaps higher early Wed as API reports big US oil stock-draw

July 29, 2021: Crude inches up early Thu, awaiting fresh cues after bullish EIA report

July 30, 2021: Crude pares gains early Fri on profit-taking, lingering demand worries

Aug. 2, 2021: Crude kicks off new week pressured by Delta resurgence

Aug. 3, 2021: Crude listless early Tue after 3-4% slump on renewed Delta jitters

Aug. 4, 2021: Crude continues to drop early Wed as demand worries take firm hold

Aug. 5, 2021: Crude steadies early Thu after sliding for 3 consecutive days

Aug. 6, 2021: Crude dips early Fri as Thu's modest recovery spurs profit-taking

Aug. 10, 2021: Crude takes a breather after Mon's crash but demand worries intact

Aug. 11, 2021: Crude rangebound early Wed amid a seesaw in views on oil demand

Aug. 12, 2021: Crude mostly sideways again as demand sentiment remains in tug-of-war

Aug. 13, 2021: Crude resumes slide early Fri after IEA validates demand fears

Aug. 16, 2021: Crude slumps at Mon's open on Delta worries, weak China data

Aug. 17, 2021: Crude slightly higher early Tue after slump accounts for demand fears

Aug. 18, 2021: Crude trades flat early Wed after longest spell of battering in 5 months

Aug. 19, 2021: Crude dives early Thu as Asia piles on to Wed's sell-off in the West

Aug. 20, 2021: Crude steadies early Fri after diving to fresh three-month lows

Aug. 23, 2021: Crude in rebound mode early Mon as risk assets catch a bid

Aug. 24, 2021: Crude inches up early Tue after 6% rebound in risk-on trade

Aug. 25, 2021: Crude slides early Wed as risk appetite falters again

Aug. 26, 2021: Crude slips early Thu in profit-taking, continuing jitters on economy

Aug. 27, 2021: Crude strengthens early Fri as USG storm Ida threatens oil operations

Aug. 30, 2021: Crude reverses initial jump at Mon's open, pricing in Hurricane Ida

Aug. 31, 2021: Crude eases early Tue as Ida impact fades, OPEC+ boost comes into view

Sept. 1, 2021: Crude firms early Wed, taking in Ida shut-ins, API data, OPEC+ expectations

Sept. 2, 2021: Crude slips early Thu as demand worries linger, OPEC+ sticks to supply boost

Sept. 3, 2021: Crude rangebound early Fri, awaits fresh cues as sentiment recovers

Sept. 6, 2021: Crude extends losses early Mon amid economic growth worries

Sept. 7, 2021: Crude treks up early Tue as financial markets sentiment steadies

Sept. 8, 2021: Crude climbs early Wed after three sessions of modest losses

Sept. 9, 2021: Crude ticks higher early Thu on anticipation of major US stock-draws

Sept. 10, 2021: Crude inches up early Fri after Thu's slide on China stocks release news

Sept. 13, 2021: Crude opens higher Mon as Asia plays catch-up with late-Fri gains

Sept. 14, 2021: Crude inches up early Tue with eye on USG disruptions, OPEC's demand outlook

Sept. 15, 2021: Crude edges up early Wed as API data shows major US stock-draws

Sept. 16, 2021: Crude softer early Thu after 7-week-high settle on US stock-draws

Sept. 17, 2021: Crude inches up early Fri but needs fresh cues on direction

Sept. 20, 2021: Crude slides early Mon amid tapering anxiety ahead of Fed meeting

Sept. 21, 2021: Crude ticks up early Tue on bargain-hunting after slumping 2%

Sept. 22, 2021: Crude edges higher early Wed as API reports another major US stock-draw

Sept. 23, 2021: Crude ticks up early Thu as Asia digests Fed news, US stock-draws

Sept. 24, 2021: Crude extends gains early Fri as gas crunch seen boosting oil demand

Sept. 27, 2021: Crude jumps at Monday's open as energy crisis envelopes China

Sept. 28, 2021: Brent vaults over $80 as energy crisis festers

Sept. 29, 2021: Crude pullback accelerates on economic worries, US stock-build

Sept. 30, 2021: Crude continues to cool off on economic worries, US stock-build

Oct. 1, 2021: Crude resumes slide early Fi, with potential OPEC+ boost in view

Oct. 4, 2021: Crude eases in mild profit-taking; market awaits OPEC+ decision

Oct. 5, 2021: Crude rises on continuing momentum from Mon's rally on OPEC+ decision

Oct. 6, 2021: Crude takes a breather after another rally Tue, bearish API data

Oct. 7, 2021: Crude continues to ease early Thu after Putin's reassurance on gas supply

Oct. 8, 2021: Crude surges early Fri, extending Thu's gains as US rules out SPR release

Oct. 11, 2021: Crude resumes surge early Mon with eye on energy crisis

Oct. 12, 2021: Crude in pause mode early Tue after settling at fresh multi-year highs

Oct. 13, 2021: Crude eases early Wed as focus shifts to economic worries

Oct. 14, 2021: Crude treks up on bullish API data, supportive EIA, OPEC outlooks

Oct. 15, 2021: Crude extends gains after 1% jump on IEA outlook, Saudi comments

Oct. 18, 2021: Crude resumes rally early Mon as supply shortage worries grow

Oct. 19, 2021: Crude mildly weaker early Tue after rally runs out of steam

Oct. 20, 2021: Crude eases early Wed as China eyes moves to curb coal price spike

Oct. 21, 2021: Crude flat early Thu after rallying to fresh multi-year highs

Oct. 22, 2021: Crude extends losses early Fri after rally halts in overbought territory

Oct. 25, 2021: Crude jumps early Mon, extending late-Fri surge on energy crisis

Oct. 26, 2021: Crude ticks up early Tue after Mon's pause on news of Iran talks

Oct. 27, 2021: Crude eases from fresh multi-year highs early Wed on bearish API data

Oct. 28, 2021: Crude continues to tumble early Thu as specs flee on prospect of Iran deal

Oct. 29, 2021: Prices sideways early Fri as market recalibrates sentiment

Nov. 1, 2021: Crude weakens as G20 steps up pressure on producers, China releases stocks

Nov. 2, 2021: Crude consolidates Mon's gains early Tue, awaits fresh direction

Nov. 3, 2021: Crude slumps on bearish API data early Wed after rally subsides Tue

Nov. 5, 2021: Crude bounces up in bargain-hunting early Fri after two-day plunge

Nov. 9, 2021: Crude sideways mid-day Tue in Asia, awaiting weekly US stocks data

Nov. 9, 2021: Crude sideways mid-day in Asia Tue, awaiting weekly US stocks data

Nov. 10, 2021: Crude extends gains mid-day Wed in Asia on API showing big US stock-draws

Nov. 11, 2021: Crude marginally higher in bargain-hunting after 2.5-3% slump

Nov. 12, 2021: Crude slides early Fri on stronger USD, continued talk of SPR release

Nov. 16, 2021: Crude regains strength early Tue as US SPR release remains off radar

Nov. 18, 2021: Crude continues to slide early Thu on talk of coordinated SPR releases

Nov. 19, 2021: Crude extends rebound early Fri as coordinated SPR releases looks unlikely

Nov. 22, 2021: Crude extends losses early Mon as Asia joins sell-off on Covid fears

Nov. 23, 2021: Crude turns sluggish early Tue, awaiting concrete news on SPR release

Nov. 24, 2021: Crude marginally softer after API reports US stock-build

Nov. 25, 2021: Crude rangebound early Thu; eye on OPEC+ response to SPR releases

Nov. 26, 2021: Crude tumbles early Fri as new Covid variant causes concern

Nov. 29, 2021: Crude bounces up in bargain-hunting after Fri's panic crash

Nov. 30, 2021: Crude up in bargain-hunting early Tue as sentiment yo-yos on Omicron

Dec. 1, 2021: Crude up early Wed in bargain-hunting; OPEC+ decision up in the air

Dec. 2, 2021: Crude inches up early Thu in sluggish trade ahead of OPEC+ decision

Dec. 3, 2021: Crude inches up in relief early Fri as OPEC+ sticks with tapering plan

Dec. 6, 2021: Crude bounces up early Mon in bargain-hunting after late-Fri sell-off

Dec. 7, 2021: Crude extends gains early Tue as Asia ponders easing Omicron jitters

Dec. 8, 2021: Crude dips early Wed on bearish API data, pausing Omicron relief rally

Dec. 9, 2021: Crude rallies under continuing Omicron relief momentum

Dec. 10, 2021: Crude continues to soften early Fri as economic worries return

Dec. 13, 2021: Crude jumps early Mon as Omicron fears continue to recede

Dec. 14, 2021: Crude inches down early Tue as market weighs Omicron risks

Dec. 15, 2021: Crude continues to slide early Wed; IEA stokes demand fears

Dec. 16, 2021: Crude bounces up as market breathes easier on Fed confidence

Dec. 17, 2021: Crude back under pressure as Omicron worries return centre-stage

Dec. 20, 2021: Crude on a slippery slope early Mon on fresh Omicron curbs, warnings

Dec. 21, 2021: Crude strengthens early Tue amid yo-yoing sentiment on Omicron

Dec. 22, 2021: Crude extends gains early Wed as Omicron fears continue to recede

Dec. 23, 2021: Crude stays in recovery mode as studies show low Omicron virulence

Jan. 3, 2022: Crude edges up in slow start to first trading day of new year

Jan. 4, 2022: Crude flat early Tue as market weighs signs of confidence in demand

Jan. 5, 2022: Crude eases in profit-taking early Wed after two days of strong gains

Jan. 6, 2022: Crude slips early Thu after 3 days of gains as economic worries return

Jan. 7, 2022: Crude extends gains early Fri as geopolitical premium creeps in

Jan. 10, 2022: Crude volatile early Mon, weighing demand concerns against supply worries

Jan. 11, 2022: Crude inches up early Tue but upside from supply concerns fading

Jan. 12, 2022: Crude extends gains after two-month high settle as demand fears ease

Jan. 13, 2022: Crude pauses early Thu after 2-day rally; demand cheer still strong

Jan. 14, 2022: Crude edges lower early Fri, in consolidation mode after rally

Jan. 17, 2022: Crude continues higher early Mon as demand optimism takes hold

Jan. 18, 2022: Brent vaults over $87 as Houthi attack on UAE sparks fear premium

Jan. 19, 2022: Crude surges past 7-year highs on Iraq-Turkey oil pipeline blast

Jan. 20, 2022: Crude slips from 7-year highs early Thu as fear premium recedes

Jan. 21, 2022: Crude slumps early Fri as economic worries return, fear premium recedes

Jan. 24, 2022: Crude rebounds early Mon as tensions over Ukraine escalate

Jan. 25, 2022: Crude firms early Tue in bargain-hunting after Mon's 2% slump

Jan. 26, 2022: Crude eases in profit-taking early Wed but fear premium strong

Jan. 27, 2022: Crude backs off 7-year highs early Thu but Ukraine issue festers

Jan. 28, 2022: Brent could shed 10% fear premium is Ukraine crisis defused

Jan. 28, 2022: Crude firms early Fri as Thu's dip attracts buying amid Ukraine fears

Feb. 3, 2022: Crude slightly softer early Thu; eyes back on Ukraine after OPEC+ meet

Feb. 4, 2022: Crude continues to firm early Fri as supply worries balloon

Feb. 7, 2022: Crude sideways early Mon as Iran deal hopes mingle with Ukraine fears

Feb. 8, 2022: Crude sideways early Tue after rally pauses with eye on Ukraine, Iran

Feb. 9, 2022: Crude slightly higher in bargain-hunting but early-Feb rally out of steam

Feb. 10, 2022: Crude sideways early Thu, awaiting cues from Ukraine, Iran talks

Feb. 11, 2022: Crude flat early Fri as Ukraine, Iran outcomes up in the air

Feb. 14, 2022: Crude rockets as US steps up warnings of Russian invasion of Ukraine

Feb. 15, 2022: Crude eases early Tue in profit-taking but Ukraine fears intact

Feb. 16, 2022: Crude sideways early Wed, awaiting full Ukraine crisis resolution

Feb. 17, 2022: Crude slumps early Thu with eye on potential Iran nuclear deal

Feb. 18, 2022: Crude continues to slide, pricing in potential Iran nuclear deal

Feb. 21, 2022: News of Putin-Biden summit pressures crude after initial surge Mon

Feb. 22, 2022: Worsening Ukraine tensions spark renewed surge in crude

Feb. 23, 2022: Crude crawls up early Wed from fresh 7-yr high as Ukraine festers

Feb. 24, 2022: Crude jumps early Thu on fears of imminent Ukraine invasion

Feb. 25, 2022: Crude spikes early Fri on dip-buying ahead of weekend of uncertainty

Feb. 28, 2022: Crude jumps early Mon as Ukraine conflict worsens over weekend

March 1, 2022: Crude up early Tue amid mounting fears over Russian supply disruptions

March 2, 2022: Brent vaults over $110 as Russia steps up bombardment of Ukraine

March 3, 2022: Brent surges past $116 early Thu as Ukraine war rages on

March 4, 2022: Crude strengthens early Fri after slumping on potential Iran deal

March 7, 2022: Brent near $130 early Mon as US eyes Russian oil import ban

March 8, 2022: Crude eases early Tue as threat of US-EU ban on Russian oil imports recedes

March 9, 2022: Crude races up from 14-year highs as US bans Russian oil imports

March 10, 2022: Crude continues to weaken after 13% slump on potential Ukraine thaw

March 11, 2022: Crude continues to soften as Ukraine war reaches a stalemate

March 14, 2022: Crude slumps early Mon as Russia-Ukraine talks make progress

March 15, 2022: Crude extends slump early Tue as Ukraine fears continue to fade

March 16, 2022: Crude up on dip-buying early Wed after 12% slump over two sessions

March 17, 2022: Crude bounces up early Thu but Ukraine risk premium on way out

March 18, 2022: Crude remains in rebound mode as Ukraine war worries return

March 21, 2022: Crude jumps as Houthi attacks on Saudi Arabia worsen supply fears

March 22, 2022: Crude in upward spiral early Tuesday as EU mulls Russia oil import ban

March 23, 2022: Crude firmer early Wed on bargain-hunting amid supply worries

March 24, 2022: Crude sees volatile swings early Thu; supply fears have spiked

March 25, 2022: Crude consolidates, awaiting fresh direction from Ukraine war

March 28, 2022: Crude slumps early Mon as Ukraine, Russia set to resume peace talks

March 29, 2022: Crude remains in pullback mode Tue as Ukraine, Russia discuss deal

March 30, 2022: Crude firms early Wed as market weighs challenges in Kyiv-Moscow talks

March 31, 2022: Crude dives early Thu on news US eying daily release from SPR

April 1, 2022: Crude eases early Fri after Thu's slump; awaits direction from Ukraine war

April 4, 2022: Crude softer early Mon as supply fears ease, demand concerns grow

April 5, 2022: Crude extends gains early Tue as EU eyes further sanctions against Russia

April 6, 2022: Crude extends losses early Wed as EU skirts ban on Russian oil

April 7, 2022: Crude rebounds early Thu as some see it as oversold in Wed's 5-6% dive

April 8, 2022: Crude sideways early Fri as market reassess supply-demand balance

April 11, 2022: Crude slumps early Mon as demand concerns grow, supply fears recede

April 12, 2022: Crude rebounds early Tue as supply, demand recalibration continues

April 13, 2022: Crude firmer early Wed after Tue's surge as supply worries grow

April 14, 2022: Crude eases early Thu in profit-taking as two-day rally abates

April 18, 2022: Crude resumes rally after long weekend as EU plan Russian oil ban

April 19, 2022: Crude sideways early Tue, awaiting EU move on Russian oil ban

April 20, 2022: Crude treks up early Wed on bargain-hunting after 5% slump

April 21, 2022: Crude bounces up early Thu but needs fresh direction

April 22, 2022: Crude eases early Fri in profit-taking; prices range-bound for now

April 25, 2022: Crude slumps early Mon as China Covid outbreaks hit demand outlook

April 26, 2022: Crude inches up on bargain-hunting early Tue after 4% slump

April 27, 2022: Crude continues to firm Wed on Russia oil, gas supply concerns

April 28, 2022: Crude slumps early Thu amid demand concerns as sentiment see-saws

April 29, 2022: Crude eases on profit-taking early Fri but supply fears set to dominate

May 4, 2022: Crude firms early Wed as US oil stock-draw shifts focus back to supply

May 5, 2022: Crude mildly higher early Thu, awaiting EU deal on Russian oil ban

May 6, 2022: Crude extends gains early Fri with eye on EU's Russia oil ban plan

May 9, 2022: Crude buffeted early Mon by EU's struggle to agree Russia oil ban

May 10, 2022: Crude extends losses early Tue after 6% dive as EU oil ban stalls

May 11, 2022: Crude rebounds early Wed as Ukraine says to halt Russian gas flows

May 12, 2022: Crude weakens as Europe gas supply worries ease

May 13, 2022: Crude up early Fri as Europe's gas supply faces growing disruptions

May 17, 2022: Crude eases early Tue, awaits fresh direction after hitting 7-week highs

May 18, 2022: Crude ticks higher early Wed after API shows big US stock-draws

May 19, 2022: Crude bounces up early Thu on bargain-hunting

May 20, 2022: Crude eases early Fri as Thu's rebound fails to hold

May 23, 2022: Crude ticks higher early Mon as supply concerns dominate

May 24, 2022: Crude eases early Tue as economic worries return to the fore

May 25, 2022: Crude up early Wed with eye on US gasoline stock-draws, strong demand

May 26, 2022: Crude continues to firm early Thu, supported by strong refiner demand

May 27, 2022: Crude continues to rise early Fri after highest settle in 2 months

May 30, 2022: Brent vaults above $120 early Mon as oil supply worries mount

May 31, 2022: Crude continues to climb early Tue as EU set to push through oil embargo

June 1, 2022: Brent soars above $120/bbl on last trading day as EU agrees on ban plan for Russian oil

June 2, 2022: Crude trades lower Thu as FT report stems fears of oil crunch

June 3, 2022: Crude reacts to OPEC+ output hike, EIA data with marginal swings

June 6, 2022: Crude rises Mon morning after Saudi hike in Jul OSP for Asia, Europe

June 7, 2022: Crude rises Tue morning amid continued expectation of market tightness

June 8, 2022: Crude hovers around $120/bbl, Goldman predicts rise to $140/bbl

June 9, 2022: Crude continues on its relentless climb on bullish fundamentals

June 10, 2022: Crude eases early Fri in profit-taking but bullish factors dominate

June 13, 2022: Crude slumps early Mon as economic worries come to the fore

June 14, 2022: Crude shrugs off economic worries, bobs just below 3-month highs

June 15, 2022: Crude ticks higher early Wed but awaits fresh cues

June 16, 2022: Crude rises in bargain-hunting after two days of sliding

June 17, 2022: Supply worries shield crude from panic sell-off in risk assets

June 17, 2022: Crude eases early Fri as impact of fresh Iran sanctions fades

June 20, 2022: Crude range-bound early Mon, consolidating after late-Fri plunge

June 21, 2022: Crude in rebound mode as supply worries regain centre-stage

June 22, 2022: Crude slumps early Wed amid Shenzhen Covid flare-up, US plans to curb prices

June 23, 2022: Crude continues in a tailspin Thu as economic sentiment sours

June 24, 2022: Crude heeds economic worries as supply fears abate

June 24, 2022: Crude pauses for direction early Fri after diving to one-month lows

June 27, 2022: Crude flat after volatile start Monday; demand worries remain in view

June 28, 2022: Crude climbs amid Russia oil price cap talks, other supply concerns

June 29, 2022: Crude eases early Wed as three-day rally looks overdone

June 30, 2022: Crude ticks up early Thu but demand concerns weighing again

July 1, 2022: Crude crawls up early Fri, in consolidation mode after Thu's slump

July 4, 2022: Crude slightly lower early Mon, remains in consolidation mode

July 5, 2022: Brent rangebound early Tue; supply and demand duel for influence

July 6, 2022: Crude steadies early Wed after 8-10% plunge on recession fears

July 7, 2022: Crude bounces up early Thu after sliding into bear territory

July 8, 2022: Crude extends Thu's rebound, out of bear territory

July 12, 2022: Crude slips early Tue as Kazakh supply threat ends, China Covid curbs grow

July 13, 2022: Crude steadies early Wed after 7-8% dive on renewed recession fears

July 14, 2022: Crude inches up early Thu, with latest bout of sell-off exhausted

July 15, 2022: Crude back in rebound mode early Fri amid bargain-hunting buying

July 18, 2022: Crude slightly weaker early Mon as Fri's rebound spurs proift-taking

July 19, 2022: Crude consolidates early Tue after 5% rebound

July 20, 2022: Crude weakens early Wed in profit-taking after 3 sessions of gains

July 21, 2022: Crude continues to soften early Thu after bearish US data

July 22, 2022: Crude bounces up early Fri in bargain-hunting

July 25, 2022: Crude drifts lower early Mon as demand worries remain centre-stage

July 26, 2022: Crude extends Monday's rebound as risk appetite returns

July 27, 2022: Crude sideways early Wed after settling lower on highly volatile Tue

July 28, 2022: Crude extends Wed's rally on bullish EIA stocks, demand data

July 29, 2022: Crude inches up early Fri in remnant of week's relief rally

Aug. 1, 2022: Crude begins Mon's trade by starting to erode last week's gains

Aug. 2, 2022: Crude extends losses as weak factory data reignites demand worries

Aug. 3, 2022: Crude drifts sideways early Wed ahead of OPEC+ meet, US EIA data

Aug. 4, 2022: Crude ticks up early Thu, moving past Wed's bout of panic-selling

Aug. 5, 2022: Crude inches up early Fri after two days of sell-off'; lacks momentum

Aug. 8, 2022: Crude rangebound early Mon after 10-14% weekly loss

Aug. 10, 2022: Crude slightly weaker early Wed; awaits demand forecasts, EIA data

Aug. 11, 2022: Crude pares gains early Thu amid questions over validity of Wed's rebound

Aug. 12, 2022: Crude slips early Fri on profit-taking after two days of gains

Aug. 15, 2022: Crude extends losses early Mon on China lockdowns, Iran deal hopes

Aug. 16, 2022: Crude remains on a slippery slope as Iran deal comes into view

Aug. 17, 2022: Crude crawls up early Wed amid pause in three-day sell-off, US stock-draws

Aug. 18, 2022: Crude flat early Thu as Iran deal continues to hang fire

Aug. 19, 2022: Crude softer early Fri; US economic cheer dominates as Iran deal in doubt

Aug. 22, 2022: Crude slumps early Mon as demand fears, Iran deal expectations dominate

Aug. 23, 2022: Crude edges up early Tue after Saudi minister hints at OPEC+ cuts

Aug. 24, 2022: Crude slightly softer early Wed but hint of OPEC+ cut still in play

Aug. 25, 2022: Crude extends gains as US stocks slump, Iran deal hangs in the air

Aug. 26, 2022: Crude firms early Fri; investors focused on Jackson Hole

Aug. 29, 2022: Crude inches up early Mon; Iran deal efforts, supply risks in focus

Aug. 30, 2022: Crude pares gains early Tue after 4% jump on renewed supply worries

Aug. 31, 2022: Crude inches up in bargain-hunting after Tue's 5.5% plunge

Sept. 1, 2022: Crude continues to ease after 2nd day of losses on demand worries

Sept. 2, 2022: Crude bounces up in bargain-hunting after 3 days of steep losses

Sept. 5, 2022: Price bounce up with eye on EU's worsening energy crisis

Sept. 6, 2022: Brent drifts lower in profit-taking early Tue, awaits fresh cues

Sept. 7, 2022: Crude resumes tumble early Wed as demand worries resurface

Sept. 8, 2022: Crude bounces up in bargain-hunting after 5% plunge

Sept. 9, 2022: Crude maintains sluggish recovery early Fri from Tue-Wed sell-off

Sept. 12, 2022: Crude starts fresh week in sell-off mode on demand worries

Sept. 13, 2022: Crude slips early Tue as three sessions of gains spur profit-taking

Sept. 14, 2022: Crude consolidates early Wed after hit from US Aug inflation data

Sept. 15, 2022: Crude rangebound early Thu after Wed's modest gains; awaits fresh cues

Sept. 16, 2022: Crude rises in bargain-hunting after 3-4% slump but momentum weak

Sept. 19, 2022: Crude edges up early Mon in correction mode from weekly loss

Sept. 20, 2022: Crude rangebound early Tue as capital markets await Fed move

Sept. 21, 2022: Crude remains range-bound ahead of Fed rate move, outlook

Sept. 22, 2022: Crude inches up in bargain-hunting early Thu but sentiment downbeat

Sept. 23, 2022: Crude weakens early Fri, under pressure from economic worries

Sept. 29, 2022: Crude softer early Thu but downward pressure abated for time being

Sept. 30, 2022: Crude in a limbo early Fri; awaits OPEC+ move, more cues

Oct. 4, 2022: Crude continues to firm early Tue on anticipated OPEC+ cut

Oct. 10, 2022: Crude opens weaker early Mon on profit-taking as OPEC+ rally fades

Oct. 11, 2022: Crude softer in thin trade early Tue as economic worries return

Oct. 12, 2022: Crude stuck on slippery slope early Wed on demand bearishness

Oct. 13, 2022: Crude pauses to reassess market balances after Mon-Wed pullback

Oct. 14, 2022: Crude softer early Fri as rally on back of EIA data fizzles out

Oct. 17, 2022: Crude marginally higher early Mon after Fri's slump but momentum weak

Oct. 18, 2022: Crude under downward pressure early Tue; awaits fresh cues

Oct. 19, 2022: Crude rebounds from Tue's slide early Wed, with eye on US stock-draws

Oct. 20, 2022: Crude sideways early Thu; Wed's run-up on EIA data loses steam

Oct. 21, 2022: Crude inches up early Fri but momentum uncertain

Oct. 25, 2022: Crude sideways early Tue, awaiting fresh direction

Oct. 26, 2022: Crude eases early Wed as API reports US crude, distillate stock-builds

Oct. 27, 2022: Crude pauses early Thu after rallying on US dollar slump

Oct. 28, 2022: Crude eases early Fri amid firmer USD, pause in "Fed pivot" rally

Oct. 31, 2022: Crude opens softer early Mon but awaits fresh direction

Nov. 1, 2022: Crude rebounds early Tue but may remain volatile until Powell speaks

Nov. 2, 2022: Crude bounces higher early Wed as risk premium returns

Nov. 3, 2022: Crude inches lower early Thu, in slower recalibration than equities

Nov. 4, 2022: Crude crawls up early Fri as attention returns to supply worries

Nov. 7, 2022: Crude opens weaker on Mon after China quashes reopening rumours

Nov. 8, 2022: Crude futures flattish early Tuesday, awaiting fresh direction

Nov. 9, 2022: Crude rangebound early Wed after mixed API stocks report

Nov. 10, 2022: Crude under pressure early Thu, with eye on China Covid situation

Nov. 11, 2022: Crude extends gains early Fri as risk appetite returns, dollar skids

Nov. 14, 2022: Crude extends gains early Mon on China demand revival hopes

Nov. 15, 2022: Crude continues to ease after unwinding China-reopening rally

Nov. 16, 2022: Crude eases early Wed as missile hit on Poland seen as an accident

Nov. 17, 2022: Crude continues to tumble early Thu as risk premium evaporates

Nov. 18, 2022: Crude bounces up in bargain-hunting after Thu's 3-5% plunge

Nov. 21, 2022: Crude resumes tumble Mon on demand worries as China Covid worsens

Nov. 22, 2022: Crude steadies, inches up early Tue after four-session rout

Nov. 23, 2022: Crude flat early Wed awaiting clarity on OPEC+ plans, Russia price cap

Nov. 24, 2022: Crude mildly lower early Thu as market awaits Russia price cap details

Nov. 25, 2022: Crude rangebound early Fri as EU yet to agree on Russia oil price cap

Nov. 28, 2022: Crude dives as China erupts in protests against Covid curbs

Nov. 29, 2022: Crude steady early Tue; focus on China, Russia price cap, EIA data

Nov. 30, 2022: Crude firmer Wed as China uncertainties ease, price cap deal eludes EU

Dec. 1, 2022: Crude marginally softer early Thu in Asia, awaits fresh cues

Dec. 5, 2022: Crude jumps early Mon on China reopening, OPEC+ sticking to cuts

Dec. 6, 2022: Crude rebounds early Tue, correcting from Mon's risk-off slump

Dec. 7, 2022: Crude lacks support even after three straights sessions of sell-off

Dec. 8, 2022: Crude bounces off 12-month lows on bargain-hunting buying

Dec. 9, 2022: Crude slightly higher early Fri but lacks momentum

Dec. 12, 2022: Crude shows signs of recovery but lacks strong upward momentum

Dec. 13, 2022: Crude continues to firm early Tue after rebounding on Fed pivot hopes

Dec. 14, 2022: Crude inches lower early Wed on US API stocks data, profit-taking

Dec. 15, 2022: Crude rally stalls as Fed dashes pivot hopes; China data disappoints

Dec. 16, 2022: Crude inches up early Fri after Thu's dip but lacks momentum

Dec. 19, 2022: Crude opens higher Mon on bargain-hunting but lacks steam

Dec. 20, 2022: Crude continues upward trek early Tue but lack bullish impetus

Dec. 21, 2022: Crude edges higher early Wed after API report US stock-draw

Dec. 22, 2022: Crude extends gains early Thu after unexpected US stock-draw

Dec. 23, 2022: Crude up early Fri on bargain-hunting, concerns over Russian exports

Jan. 3, 2023: Crude begins 2023 trade with a slide but market awaits fresh cues

Jan. 4, 2023: Crude consolidates after Tue's 4% slump on demand worries

Jan. 5, 2023: Crude catches a bid from bargain-hunters after plunging 9% in two days

Jan. 6, 2023: Crude extends gains early Fri, in slow correction mode after sell-off

Jan. 9, 2023: Crude in recovery mode early Mon with eye on Chinese reopening

Jan. 10, 2023: Crude weaker early Tue as Asia wakes up to hawkish Fed signals

Jan. 11, 2023: Crude slips early Wed after API reports massive US stock-build

Jan. 12, 2023: Crude consolidates Wed's 3% gains, awaits US inflation data

Jan. 13, 2023: Crude in pullback mode early Fri as 8% cumulative rally out of steam

Jan. 16, 2023: Crude begins to unwind gains early Mon after 8% weekly rally

Jan. 17, 2023: Crude sideways early Tue; economic headwinds back in focus

Jan. 18, 2023: Crude extends rally as mood over global economy, China shifts

Jan. 19, 2023: Crude continues to weaken early Thu after US macro data sours mood

Jan. 20, 2023: Crude sustains uptrend early Fri after sentiment flips in US session

Jan. 25, 2023: Crude bounces up early Wed in bargain-hunting after 2% slide

Jan. 26, 2023: Crude turns range-bound, awaiting further direction

Jan. 27, 2023: Crude buoyant early Fri as better-than-expected US GDP data lifts mood

Jan. 30, 2023: Crude rangebound early Mon, digesting news of rebound in Russian supply

Jan. 31, 2023: Crude pauses for consolidation, more cues early Tue after 2% slump

Feb. 1, 2023: Crude inches up early Wed, ahead of Fed signal on path of rate hikes

Feb. 2, 2023: Crude bounces up in bargain-hunting early Thu after 3% slide

Feb. 3, 2023: Crude inches up early Fri, in search of bottom after bout of sell-off

OIL VIEWSLETTER

Crude bubbles up in a glass half-empty - Jan. 27, 2023

It’s a topsy-turvy world, a bit like Alice’s Wonderland!

The curious tug-of-war between a hawkish US Federal Reserve and money managers that insist on calling it dovish continues, adding to the confusion from all the mixed signals on the health of the major economies around the world. Risk assets surge on the back of waves of optimism in the broader financial markets, and subside when doubts resurface. Crude rises and falls in tandem.

In today’s report, we discuss:

Are the Fed pivot optimists wearing rose-tinted glasses?
The inflation feedback loop that may come back to bite
Feb 5 EU ban on Russian products is not all that it seems
OPEC+ likely to sit tight
Speculators are back, laying bullish bets on crude futures

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PAINTING THE BIG PICTURE:

CRUDE IN SIGHT

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OIL VIEWSLETTER

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