US crude stocks expected down 6.3 million barrels Bank of America sees $100/b oil in 2022 Raisi election could muddy US-Iran nuclear talks Crude prices moved sharply higher June 21, Continue Reading
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the Continue Reading
Trafigura’s Saad Rahim considers when oil will top $100 a barrel. Oil could top $100 a barrel in the next 12 to 18 months as the recovery from the pandemic Continue Reading
From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading group. And Continue Reading
Oil held near $72 a barrel as inconclusive nuclear talks between world powers and Iran — which has elected a new hardline president — allayed prospects for a swift revival Continue Reading
Iraq expects oil prices to reach $80 per barrel, the country’s state news agency reported on Sunday, citing an oil ministry spokesman. The spokesperson, Asim Jihad, did not give a Continue Reading
After a momentous rally this year, it looks like oil prices are finally coming under pressure – with the threat of inflation dampening oil market optimism. Friday, June 18th, 2021 Continue Reading
Rising oil demand in the United States and flat domestic production in recent months have boosted the price of the U.S. oil benchmark WTI Crude, which has significantly narrowed the Continue Reading
Oil posted a fourth straight weekly gain as signs of a global demand recovery and supply discipline among producers encouraged investors. Futures in New York rose 1% this week. Strong Continue Reading
Oil fell below $71 a barrel after the biggest drop in four weeks as traders weighed prospects for a stronger dollar against rising demand. West Texas Intermediate was 0.4% lower Continue Reading
