Oil Prices: Few Tailwinds Until Driving Season Begins
Crude oil prices are likely to remain sensitive to bearish news such as progress on the Iran nuclear deal with the United States and the latest on Covid-19 in Asia Continue Reading
Crude oil futures steady after overnight selloff, awaiting fresh pricing cues
Crude oil futures were steady in mid-morning trade in Asia May 21 after an overnight selloff driven by increased anxiousness over the restoration of the Joint Comprehensive Plan of Action Continue Reading
Brent Oil Set for Biggest Weekly Loss Since March on Iran Boost
Brent oil was heading for the biggest weekly decline since March, with the market bracing for the prospect of more Iranian crude flows as the nation inches closer to a Continue Reading
Oil edges up but set for weekly fall on Iran nuclear talks
Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made Continue Reading
Oil prices settle lower as US, Iran reach agreement on nuclear deal
Oil futures fell May 20 on news that the US and Iran had reached a “main agreement” to reinstate the nuclear deal. NYMEX June crude settled at $62.05/b, down $1.31, Continue Reading
Oil Prices Continue Losing Streak
Oil slumped to the lowest in nearly a month as traders focused on the likelihood of a renewed nuclear deal with Iran and the potential removal of sanctions on the Continue Reading
Crude oil futures rangebound after overnight slide on US-Iran talks, EIA data, strong dollar
Crude oil futures were rangebound during mid-morning Asian trade May 20, following an overnight slide, on increasing prospects of the restoration of the Joint Comprehensive Plan of Action, the strengthening Continue Reading
Oil Under Pressure Despite Positive Demand Outlook
Brent crude briefly hit $70 per barrel and West Texas Intermediate rose above $66 this week as improving economic outlooks for some of the world’s biggest economies boosted optimism. Although Continue Reading
Brent Oil Edges Higher From 3-Week Low With Iran Flows in Focus
Brent oil edged higher from the lowest settlement in three weeks as investors assessed the prospect of a boost in Iranian supply just as OPEC+ returns more barrels to the Continue Reading
Oil Prices Plunge As Inflation Fears Mount
Oil plunged to the lowest in three weeks alongside a broader market decline. (Bloomberg) — Oil plunged to the lowest in three weeks alongside a broader market decline with traders Continue Reading