Oil wiped out an earlier decline as sentiment firmed in wider markets, with crude gradually recovering from a rout earlier in the week. West Texas Intermediate futures added 0.3%, reversing Continue Reading
Crude prices rise, but not as much as stock markets OPEC+ deal brings more market stability US crude, fuel inventory draws expected Crude oil futures rebounded somewhat July 20 after Continue Reading
Brent oil clawed back some losses after tumbling to an eight-week low amid a broader market rout stoked by a Covid-19 resurgence, which has raised concerns about the short-term outlook Continue Reading
Brent oil clawed back some losses after tumbling to an eight-week low amid a broader market rout stoked by a Covid-19 resurgence, which has raised concerns about the short-term outlook Continue Reading
Oil rose above $69 a barrel on Tuesday, recouping some of the previous session’s 7% slide, as a tight physical market pushed aside concerns about rising COVID-19 infections weakening the Continue Reading
Oil prices slid Monday, recording their biggest one-day drop in 10 months as investors worried that the spread of the Delta variant of coronavirus will halt travel and dent demand Continue Reading
The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a note Continue Reading
Improving supply and demand fundamentals have prompted Credit Suisse to raise its short and long-term forecasts for oil prices, expecting the average Brent price at $70 a barrel this year, Continue Reading
The recent OPEC+ meeting ended with an agreement that would gradually increase the cartel’s monthly production until in late 2022 all of the 9.7 mm BOPD that had originally been Continue Reading
Highlights NYMEX August RBOB drops 14.32 cents/gal to $2.1104/gal on OPEC news Gasoline trading activity slows on NYMEX RBOB volatility US gasoline outright prices dipped to seasonal lows July 19 Continue Reading
