Oil Rises Again With Brent At Three Year High
Shrinking crude supplies have driven Brent to the highest close in three years. Brent crude futures settled at the highest level in almost three years as supplies shrink at a Continue Reading
Oil prices rise on tight supply, renewed risk appetite
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after Continue Reading
Citi Isn’t Ruling Out Natural Gas at $100 in a Frigid Winter
Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units Continue Reading
Oil Holds Near Two-Month High With Global Stockpiles Tightening
Goldman’s Currie Sees $90 Oil If Winter Is Colder Than Normal Oil held near its highest close in almost two months on signs that stockpiles globally are declining amid a Continue Reading
Oil prices rise on tight supply, renewed risk appetite
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after Continue Reading
Oil Gains on Signs of Sliding U.S. Inventories Ahead of Fed
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday, according Continue Reading
Soaring Natural Gas Prices Could Lift Oil Demand
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are Continue Reading
Soaring gas prices ripple through heavy industry, supply chains
Global record-high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as Continue Reading
Oil Gains on Signs of Sliding U.S. Inventories Ahead of Fed
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading