NYMEX crude futures climb for 7th day amid US crude stock draw
Crude oil futures rose during mid-morning trade in Asia Dec. 30, with the NYMEX crude contract on track for a seventh straight day of gains, as the ongoing Santa Claus Continue Reading
Oil Holds Gains After Six-Day Surge on Shrinking U.S. Stockpiles
Oil held gains after a six-day advance as a bigger-than-expected decline in U.S. crude inventories added to evidence that energy demand is proving resilient in the face of the omicron Continue Reading
OIL FUTURES: Crude prices extend rally after bullish US inventory data
Highlights US crude, oil products inventories decline US crude production hits 2021 high, more growth expected Crude oil futures extended their rally Dec. 29 on a rollercoaster day for prices Continue Reading
Oil Holds Near One-Month High on Signs U.S. Stockpiles Falling
Oil held near a one-month high after industry data pointed to another drop in U.S. crude inventories and traders bet the fast-spreading omicron variant would prove to be less severe Continue Reading
Oil prices slip as China cuts import quotas
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand Continue Reading
European Natural Gas Prices Drop to Near 3-Week Low on Rising Supply
European gas prices slumped for a sixth day, the longest losing streak in more than a year, as cargoes of the liquefied fuel head to the continent just as industrial Continue Reading
Crude oil futures largely steady amid upbeat festive sentiment
Crude oil futures held on to gains notched overnight in mid-morning trade in Asia Dec. 29 as risk sentiment in financial markets remained buoyant amid the festive season, though COVID-19 Continue Reading
Oil Holds Near One-Month High on Signs U.S. Stockpiles Falling
Oil held near a one-month high after industry data pointed to another drop in U.S. crude inventories and traders bet the fast-spreading omicron variant would prove to be less severe Continue Reading
Global Oil Demand Could Reach New Heights In 2022
Many forecasters, including BP, in 2020 argued that peak oil was already past us Investment bank analysts seem to overwhelmingly expect higher prices because of strong demand and not-so-strong supply Continue Reading
Oil Set To End The Year On A Bullish Note
The oil markets are poised to end 2021 on a relatively high note, as concerns of Omicron impacting global demand in the same way that Delta did turned out to Continue Reading