This consumer demand for gasoline each year creates a seasonal buying pattern in crude oil beginning in January and usually ending around May 01. We'll discuss this in more detail later in the ...

Source: Moore Research Center, Inc. (MRCI) MRCI research illustrates crude oil's 15-year seasonal pattern (black line). Notice how prices tend to put in a seasonal low in mid-December.

The trading range holds. An impressive range given inventory reports. The pattern in products is positive. June 2017-June 2018 spreads are bullish. Oil is going nowhere fast. On Nov. 30, 2016 ...

In the most recent instance, on Jan. 15, 2025, oil surged to $80.50 from $72.50 just six days earlier. The spike coincided with a Bitcoin drop to $89,300 on Jan. 13, followed by a 22% rally to ...

Seasonal Demand and Production Cuts Drive Oil Rally By Julianne Geiger - Jul 17, 2024, 6:00 PM CDT ...

Indeed, Goldman Sachs has slightly downgraded its oil price outlook to $75/bbl in the summer, down from its previous outlook of $80/bbl, while Bank of America commodities strategist Francisco ...

0529 GMT – Brent crude oil may dip toward the support zone of $63.00/bbl-$64.00/bbl, based on the daily chart, says Quek Ser Leang of UOB Global Economics & Markets Research in a note.

"The seasonal pattern of less driving due to shorter days and crummy weather, combined with a lower oil cost, is driving gas prices lower," said Andrew Gross, AAA spokesperson.

US nationwide crude inventories, meanwhile, fell by 3.2 million barrels last week, although levels at the oil storage hub of ...