The forward curves of oil futures prices strengthened, particularly for NYMEX WTI and GME Oman, with near-month time spreads shifting into a wider backwardation, reflecting a more optimistic outlook.

The ICE Brent-NYMEX WTI first-month spread contracted, m-o-m, falling by 43 cents to average USD 3.43/b. The forward curves of oil futures prices strengthened, particularly for NYMEX WTI and GME Oman, ...

Crude oil futures recovered from an early deep selloff on Tuesday on reports that President Trump intends to return to a "maximum pressure" campaign against Iran that includes stopping oil exports ...

Crude oil news today ... specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets.

Oil prices retreated after the latest U.S. data ... March Nymex West Texas Intermediate crude futures fell about 40cts to $73.35/bbl on Wednesday, and April WTI was down by 30cts to $72.65/bbl.