Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the Continue Reading
Crude oil futures slipped during mid-morning trade in Asia on June 11 after settling at fresh highs as the OPEC Monthly Report for June reinforced a positive demand outlook for Continue Reading
Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising Continue Reading
Oil rose to the highest settle in over two years, drawing support from higher-than-forecast U.S. inflation data and a strong demand outlook. Futures in New York rebounded from a plunge Continue Reading
Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the Continue Reading
U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global Continue Reading
Crude oil futures slipped during midmorning trade in Asia June 10 on the back of a large build in US product inventories, which cast a shadow of doubt on the Continue Reading
WATCH: Blackstone’s Byron Wien says oil prices will rise for the right reasons. Oil closed lower as an increase in U.S. fuel stockpiles clouded the outlook for a strong demand Continue Reading
Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the Continue Reading
Crude oil prices fell slightly today after the Energy Information Administration reported an inventory decline of 5.2 million barrels for the week to June 4. A day earlier, the American Continue Reading
