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Will the bulls defend $70 oil? – Oil & Gas 360

Summary by Oil & Gas 360

(Oil Price) – This week in the crude oil market was a rollercoaster of price swings as bullish supply concerns clashed with bearish macroeconomic and geopolitical developments. The early week saw oil extend its gains on supply constraints from Russia and Iran, but prices reversed sharply midweek as rising U.S. inventories, a hawkish Federal Reserve, and renewed optimism about a resolution to the Russia-Ukraine war weighed on sentiment. With crude

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Will the bulls defend $70 oil? – Oil & Gas 360

(Oil Price) – This week in the crude oil market was a rollercoaster of price swings as bullish supply concerns clashed with bearish macroeconomic and geopolitical developments. The early week saw oil extend its gains on supply constraints from Russia and Iran, but prices reversed sharply midweek as rising U.S. inventories, a hawkish Federal Reserve, and renewed optimism about a resolution to the Russia-Ukraine war weighed on sentiment. With crude

27 days ago·Denver, United States

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Oil & Gas 360 broke the news in Denver, United States 27 days ago on Friday, February 14, 2025.

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