Oil Gains as OPEC+ Forecasts Crude Stockpiles Will Drop Sharply
Oil climbed for a second month as OPEC and its allies forecast that inventories will fall sharply this year if the group sticks to its plan. Futures rose 0.9% on Continue Reading
Get Ready For $5 Gasoline
Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and Continue Reading
Crude oil futures tick higher on robust demand outlook ahead of OPEC+ meet
Crude oil futures were higher in mid-morning trade in Asia May 31 as the market remained buoyed by expectations of strong oil demand from the US and Europe in summer Continue Reading
Gas Is Going To $5 Per Gallon: First In California, Then Across The Country
Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental regulations Continue Reading
Crude oil futures higher on US demand outlook as concerns over Asia persist
Crude oil futures ticked higher the mid-morning trade in Asia May 28 as positive economic data from the US augured well for oil demand, even as concerns persisted over the Continue Reading
Oil Rises After ‘Cataclysmic’ Boardroom Showdown
Oil prices rose early on Friday for a sixth consecutive day and were on track for weekly and monthly gains after the defeats on climate policies that major oil firms Continue Reading
Light Crude Up 4.3% for the Week
Oil posted its biggest weekly gain since the middle of April ahead of the U.S. Memorial Day weekend that kicks off the country’s summer driving season. West Texas Intermediate rose Continue Reading
Crude oil futures higher on US demand outlook as concerns over Asia persist
Crude oil futures ticked higher the mid-morning trade in Asia May 28 as positive economic data from the US augured well for oil demand, even as concerns persisted over the Continue Reading
Oil Climbs on Demand Optimism as Market Volatility Takes a Hit
Oil traded near the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed concern that Iranian supplies will jump should sanctions on official exports be Continue Reading
Oil steady as Iran supply concerns offset upbeat demand outlook
Oil prices were little changed on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand offset concerns about Continue Reading