Oil futures rose Friday completing a third weekly gain as refineries in Louisiana restart and returning offshore production cannot keep pace. Oil gained a third week as investors focused on Continue Reading
China Taps Crude Reserves to Combat High Prices Oil rose, paring a weekly decline, as investors assessed China’s confirmation that it had released crude from its strategic reserves in an Continue Reading
Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes Continue Reading
China Taps Crude Reserves to Combat High Prices Oil rose, paring a weekly decline, as investors assessed China’s confirmation that it had released crude from its strategic reserves in an Continue Reading
Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes Continue Reading
Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude reserve to “alleviate raw material Continue Reading
Oil prices rose today after the Energy Information Administration reported an inventory decline of 1.5 million barrels for the week to September 3, with sizeable draws in fuel inventories as Continue Reading
Last week, oil prices enjoyed a nice rally OPEC+ agreed to keep its current production agreement in place , maintaining the 400K bbl/day hike scheduled for October. The group took Continue Reading
Oil swung between gains and losses with continued supply disruption in the U.S. weighed against an uncertain demand outlook in some regions. Futures lost 0.2% in New York, erasing earlier Continue Reading
Oil prices remained steady on Thursday as the Delta variant of the coronavirus continues to weigh on the demand outlook, offsetting a decline in U.S. Gulf of Mexico output because Continue Reading
