January micro WTI crude oil (CLF26) futures present a selling opportunity on more price weakness. See on the daily bar chart for January Nymex crude oil futures that prices are trending lower and have just hit a 4.

Crude oil futures sink on global demand fears, OPEC supply gains, and key technical breakdown below Fibonacci support at $59.91.

Shares of energy companies rose alongside oil futures as fears of an escalation in U.S.-China trade tensions subsided. Oil futures rose 1% to $59.49 a barrel, but gains were limited by a sense that trade between the two nations is likely to be "erratic" until a formal deal is reached, according to analysts at BOK Financial.

Crude oil futures traded marginally higher on Tuesday morning following reports of a possible meeting between the US and Chinese Presidents later this month.

Crude oil prices fall as Gaza ceasefire eases risk premium. Technical pressure builds with WTI near key support. Bearish oil outlook in focus.

By Georgina McCartney HOUSTON (Reuters) -Front-month U.S. crude oil futures ended Monday's trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the U.

Oil futures climbed about 1.5% on Monday after OPEC+ opted for a modest production hike, easing market fears over a potentially larger supply boost.

U.S. stock futures gained Sunday, after the S&P 500 and Dow Jones Industrial Average ended Friday at all-time highs.