Crude oil futures traded lower on Friday morning after the US eased some sanctions on the oil industry in Venezuela.

Crude oil needs Iran supply shock to break resistance, Reuters columnist says. Technical setup suggests market anticipates production disruption with breakout over $66.49.

Oil price moves aren't random, and sharp reversals and stalls are often driven by options positioning and mechanical hedging flows, not news or fundamentals.

By Georgina McCartney HOUSTON, Jan 27 (Reuters) - Oil prices settled 3% higher on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend.

1454 ET – Oil futures rise as the war in Ukraine gives no signs of relenting, while markets expect the Fed to cut interest rates next week, supporting economic growth. XS.com’s Antonio Di Giacomo writes that “a new cycle of rate cuts have ...

Distillate futures were up sharply in near midday Monday on soaring natural-gas prices and frigid weather across much of the U.S., while oil and gasoline futures edged lower. Most of diesel's gains were attributable to natural gas futures that rose by nearly $1.

Oil futures settled lower in a rangebound session, supported in part by the loss of some U.S. production to winter storm Fern and gains in diesel prices as heating fuel demand rose.

The U.S. is issuing new warnings to Iran over its treatment of protesters and ongoing concerns about its nuclear program. President Donald Trump is reportedly considering expanded military options aimed at further damaging Iran’s nuclear and missile sites,