Oil Gains as Investors Turn Their Focus to Crucial OPEC+ Meeting
Oil rose as investors turned their focus to an OPEC+ meeting with the cartel facing calls from consumers to pump more. Futures in New York traded above $81 a barrel Continue Reading
Oil Rally Reverses On Signs Of Cooling Demand
Signs of cooling demand and rising inventories have resulted in a reversal in crude prices Hedge funds have taken the cue and are beginning to slam the brakes on their Continue Reading
Oil Tumbles as U.S. Piles Pressure Onto OPEC+ for More Barrels
Oil fell as the U.S. increased pressure on OPEC+ to boost supplies and the dollar held gains before a key Federal Reserve meeting. West Texas Intermediate sank 1.7% after easing Continue Reading
Oil Sinks With U.S. Supplies Rising and Iran Talks Set to Resume
Oil fell by the most since in nearly two months after a report showed American crude inventories rising and Iran said nuclear talks are set to resume this month. Futures Continue Reading
Oil Tumbles as U.S. Piles Pressure Onto OPEC+ for More Barrels
Oil fell as the U.S. increased pressure on OPEC+ to boost supplies and the dollar held gains before a key Federal Reserve meeting. West Texas Intermediate sank 1.7% after easing Continue Reading
Oil rises towards $85 as demand grows, OPEC supply lags
Oil rose towards $85 a barrel on Tuesday, not far from a multi-year high, supported by signs that supply from OPEC and other producers is falling short as demand recovers Continue Reading
Why Oil Prices Will Rise In The Short Term
There is still plenty of upside for oil prices from here as demand is on course to outstrip supply throughout the rest of the year Plenty of analysts are now Continue Reading
Oil Climbs Again as Investors Assess OPEC+ Tensions, Stockpiles
Oil advanced above $84 a barrel as traders assessed the possibility that OPEC+ won’t step up the pace it’s increasing supply, while awaiting the latest insight into U.S. crude stockpile Continue Reading
Oil Futures Post Modest Gain
Rally in oil futures eased on Monday after reports of a small gain at Cushing. Oil pared gains amid rising stockpiles at the biggest U.S. storage hub, signaling a crude Continue Reading
Oil drops on China fuel reserves release; OPEC+ meeting in view
China releases gasoline, diesel reserves to bolster local supply Biden pushes G20 energy producing countries to boost production U.S. drillers add oil and gas rigs for 15th month in a Continue Reading