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Oil erased gains from the past two sessions as earnings from multiple US companies disappointed, potentially signaling a dour short-term outlook for energy traders.

Oil fell as the prospect of additional supplies from strategic reserves assuaged market concerns of a tight market heading into Northern Hemisphere winter.

Oil retreated after hitting resistance near $80 a barrel as the OPEC+ coalition met expectations with its latest production move.

Oil's rally sputtered amid a slump in summertime liquidity, leaving the commodity at the mercy of volatile, broader markets.

A record drop in US crude inventories is failing to lift a market that has seen a recent rally squelched by concerns about the macroeconomic outlook.

Oil fell as rising gasoline stockpiles in the US signaled a shaky picture for demand, undercutting the effect of output disruptions in Libya.

Oil fell, hovering near three-month lows, as key market measures flashed signs of weakness. Still, futures have remained rangebound as traders await the next catalyst.

Oil edged lower as the US stepped up diplomatic efforts to stop the Israel-Hamas conflict from spreading and neared a deal to increase crude exports from Venezuela.

Oil extended this week's decline as China's lackluster economic recovery outweighed an optimistic US jobs report.

Oil edged lower as renewed lockdowns in parts of Shanghai potentially dampen global fuel demand and ease pressure on tight markets.