Brent crude futures continued their upward trend in European morning trading Jan. 6, moving further above the $80/b mark not seen since late November as the wider oil complex remained Continue Reading
Goldman Sachs: oil prices could reach $95 if Iran doesn’t return to the market this year Goldman Sachs: commodities overall are set for a supercycle that could potentially last a Continue Reading
Oil climbed to a seven-week high as supply constraints from OPEC+ to North America offset concerns about the impact of a Covid-19 outbreak in China. Futures in New York rose Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Jan. 6, tracking the overall bearish tone in financial markets, after the US Federal Reserve caught investors off-guard with plans Continue Reading
Oil retreated for the first time in four days on the prospect of tightening U.S. monetary policy, and on signs Chinese demand will weaken due to the worst Covid-19 outbreak Continue Reading
Oil climbed amid skepticism about whether OPEC and its allies can successfully raise output as much as they intend. Futures in New York rose 1.1% to $77.85 a barrel on Continue Reading
Oil prices rose on Wednesday, extending gains even after OPEC+ producers stuck to an agreed output target rise for February and U.S. fuel inventories surged due to sliding demand as Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Jan. 5 amid investor profit-taking after Brent crude overnight settled at its highest level since late November on an affirmation Continue Reading
OPEC+ Reviving Halted Production Amid Tighter Market Oil was steady in Asian trading after OPEC and its allies agreed to a scheduled increase in production for next month, and an Continue Reading
Crude oil futures were mostly steady in mid-morning trade in Asia Jan. 4 as upbeat sentiment continued to underpin prices going into the new year, while the OPEC+ group saw Continue Reading
