Jefferies: In a really fully reopened world, the oil price could go to a $150 dollars because the supply constraints are dramatic Jefferies: Much higher oil prices would escalate the Continue Reading
The plunge in oil prices in recent days was excessive, and traders “far overshot” the potential impact of the Omicron Covid variant Oil traders priced in a massive 7-million-bpd slump: Continue Reading
Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit Continue Reading
U.S. crude futures accelerated losses, tumbling below $65 a barrel for the first time since late August, after Federal Reserve Chair Jerome Powell said the strong U.S. economy may warrant Continue Reading
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023 This bullish forecast is driven by the belief that OPEC has Continue Reading
Oil in New York slid more than 5% after Federal Reserve Chair Jerome Powell said the strong U.S. economy may warrant ending the central bank’s asset purchases sooner than planned Continue Reading
President Joe Biden didn’t mince words as he blamed the oil industry for gasoline prices running at a seven-year high. “Gas supply companies are paying less and making a lot Continue Reading
Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying Continue Reading
Oil prices tumbled more than 3% on Tuesday after Moderna’s CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to Continue Reading
Oil rebounds from Friday’s rout. Bloomberg’s Anthony DiPaola reports. Oil rebounded from Friday’s omicron-driven rout as traders assessed the risks to global demand from the new variant, and speculation mounted Continue Reading
