Crude oil futures declined during the mid-morning trade in Asia July 19, as the market participants were concerned over a rise in supply following an OPEC+ deal to an impending Continue Reading
OPEC and its allies agreed to boost output. Bloomberg Intelligence commodity strategist Mike McGlone discusses what the deal means for oil prices. Oil declined after OPEC+ agreed to boost production Continue Reading
Oil prices recouped some losses on Monday, but were still down after OPEC+ overcame internal divisions and agreed to boost output, which sparked concerns about a crude surplus as COVID-19 Continue Reading
U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest “upside” to its summer forecast for Brent to Continue Reading
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet Continue Reading
Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 and uncertainty around the prospect for an OPEC+ deal to increase supply clouded the short-term outlook. Continue Reading
Crude oil futures were steady during mid-morning Asian trade July 16, as increased certainty over the OPEC+ supply accord and robust demand projections from OPEC analysts arrested the plunge in Continue Reading
Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 and uncertainty around the prospect for an OPEC+ deal to increase supply clouded the short-term outlook. Continue Reading
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet Continue Reading
Saudi, UAE reach compromise to unlock more oil supply U.S. crude stockpiles fall for eighth week in a row – EIA U.S. fuel stocks rose despite reduced refinery output – Continue Reading
