Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Continue Reading
Gasoline Spikes, Oil Retreats as Hurricane Ida Batters Louisiana Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to Continue Reading
Oil prices reversed gains on Monday, pulling back from more than three-week highs reached earlier in the session, as a powerful hurricane slammed into the U.S. Gulf coast, forcing shutdowns Continue Reading
Ida Batters Louisiana With Winds Stronger Than Katrina U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities, while oil failed to hold onto an early Continue Reading
Oil advanced as a brewing hurricane shuts Gulf of Mexico crude production while the Federal Reserve reinforced its support to begin tapering stimulus by the end of the year. Oil Continue Reading
Crude futures rallied Aug. 27 as US Gulf oil and gas infrastructure braced for Hurricane Ida, which is expected to make landfall in the US as a major hurricane Aug. Continue Reading
With fundamentals largely remaining the same as they were last week, oil prices nevertheless are poised to post sizable gains, with global benchmark Brent trading above $72 per barrel and Continue Reading
Oil prices rose on Friday, on track to post big gains for the week, on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico Continue Reading
The price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally Continue Reading
Mexico expects an average price of $60 per barrel for its crude oil exports, as well as an average crude production of 1.9 million barrels per day (bpd) for 2022, Continue Reading
