Oil Extends Gain After Eighth Weekly Advance on Energy Crisis
Oil advanced in Asian trading after an eighth weekly gain with the market facing a global energy crunch ahead of winter. Futures in New York climbed toward $84 a barrel Continue Reading
Goldman’s Jeff Currie: It’s a Commodities Supercycle, and We Still Haven’t Hit Max Pain
Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting Continue Reading
Brent Tops $85 While WTI Completes Eighth Week of Gains
Brent tops $85 during intraday trading and futures settled Friday with West Texas crude completing an eighth week of gains, the longest since 2015. Oil Prices: West Texas Intermediate for Continue Reading
OIL FUTURES: Brent tests $85/b threshold as demand recovery pressures supply outlooks
Highlights ICE Brent crosses $85/b Global mobility hits fresh pandemic high NYH RBOB cracks rally as USAC stocks fall Crude futures settled at fresh multi-year highs Oct. 15 as a Continue Reading
Oil prices climb more than 3%, set for multi-week gains
Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter supplies over the next few months as Continue Reading
Brent’s ‘scarcity premium’ widens to most since 2013 in oil rally
The structure of Brent crude oil futures is showing a “scarcity premium” that has widened to the most since 2013 this week, a sign of the tight market underpinning oil’s Continue Reading
Energy Crunch Pushes Oil To Longest Weekly Bull Run Since 2015
Early on Friday, WTI Crude was poised for its best consecutive weekly performance since 2015 A slump in stocks at the Cushing hub also supported prices on Friday Oil prices Continue Reading
Energy Sector Rally Continues
Rigzone’s regular market watchers examine the energy sector rally, demand forecasts, the U.S. rig count, and more. In this week’s edition of oil and gas industry hits and misses, Rigzone’s Continue Reading
Column: Global oil market is tight, despite what producers say
Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s Continue Reading
Brent Oil Surges to $85 as Energy Crisis Stokes Demand
Oil jumped to $85 a barrel for the first time since late 2018 as a global energy crunch tightens the crude market. Brent futures in London rose as high as Continue Reading