1,000 barrels of oil are generally included in a futures contract, with each barrel containing 55 gallons of oil. Most price speculators don’t have space to store 55,000 gallons of oil and are ...
Crude oil futures traded higher on Monday morning as markets heaved a sigh of relief after the US avoided a potential government shutdown over the weekend. At 9.57 am on Monday, March Brent oil ...
Oil rose as the Fed cut interest rates as expected and predicts a slower pace of monetary easing next year, while U.S. crude inventories fell less than analysts had forecast.
Oil futures gain in quiet holiday trade, buoyed by hopes that Chinese economic stimulus will help demand in 2025. "Overnight news was focused on new Chinese stimulus," Scott Shelton of TP ICAP ...
Oil futures edged lower in a possible technical correction after prices for U.S. and global benchmark oil posted their largest weekly percentage gains in three weeks.