Category: Prices

Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March Continue Reading

Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures Continue Reading

Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day in what Russia’s Deputy Prime Minister described Continue Reading

 Crude oil futures edged higher in mid-morning trade in Asia Jan. 5 on hopes that OPEC+ will maintain January production quotas into February, but the gains were tapered by concerns Continue Reading

Oil prices were little changed on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand Continue Reading

Oil futures settled lower Jan. 4 as the OPEC+ group announced it would extend for a second-day talks regarding February output hikes. Receive daily email alerts, subscriber notes & personalize Continue Reading

Oil prices slipped from multi-month highs to end more than 1% lower on the first trading day of the year after OPEC+ failed to decide on Monday whether to increase Continue Reading

Oil dropped the most in two weeks with OPEC+ yet to resolve an impasse on whether to keep raising production at a time when the pandemic threatens demand. Futures fell Continue Reading

Oil rose for a fourth day – aided by a falling dollar and Middle East tensions — before OPEC+ meets to decide whether it can keep lifting output as a Continue Reading

Crude oil futures were higher during mid-morning trade in Asia Jan. 4 as market participants awaited a meeting set for later in the day between OPEC and non-OPEC ministers to Continue Reading

Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent Continue Reading

Crude oil futures ticked lower during midmorning trade in Asia Dec. 31 as traders engaged in profit-taking after bullish data from the US Energy Information Association pushed prices higher overnight. Continue Reading

Oil futures settled higher Dec. 30 on the heels of a larger-than-expected US inventory draw. NYMEX February WTI settled 40 cents higher at $48.40/b, and ICE January Brent climbed 25 Continue Reading

Oil prices settled higher on Wednesday, supported by a draw in U.S. crude inventories and Britain’s approval of a second coronavirus vaccine but pressured by swelling year-over-year supply. Brent crude Continue Reading

Crude oil futures ticked up during midmorning trade in Asia on Dec. 30 as bullish data from the American Petroleum Institute boosted market sentiment, even as new cases of the Continue Reading

Oil gained ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices. Base Brent crude futures rose 35 cents, or 0.7%, Continue Reading

Oil eked out a gain as prospects for bigger US aid checks dissipated. (Bloomberg) — Oil eked out a gain as prospects for bigger U.S. aid checks dissipated, tamping expectations Continue Reading

Oil prices climbed on Tuesday on hopes the United States will expand pandemic aid payments, a move that could spur fuel demand and stimulate economic growth. U.S. West Texas Intermediate Continue Reading

Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from US President Donald Trump’s signing of Continue Reading

Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier Continue Reading

Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York Continue Reading

Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+ (Bloomberg) — Crude slipped as investors Continue Reading

 Crude oil futures ticked lower during midmorning trade in Asia Dec. 28 as concerns intensified about the new coronavirus strain and countries across the world reported new infections while the Continue Reading

Oil pared some of its losses from earlier on Monday after U.S. President Donald Trump signed a $2.3 trillion coronavirus aid and spending package but lingering worries about near-term demand Continue Reading

Oil steadied — after posting its first weekly loss since October — as pessimism over a new strain of Covid-19 that’s threatening more travel restrictions was balanced by the passage Continue Reading

Crude oil futures have been edging higher over the past few weeks, defying the usual trend of profit-taking ahead of the Christmas holidays. WTI was trading as high as $49.20 Continue Reading

Crude oil futures edged higher during mid-morning trade in Asia Dec. 24 on positive crude stocks data from the US Energy Information Administration and shrugging off uncertainty over the passing Continue Reading

Oil was poised for its first weekly loss since October as the discovery of a potentially faster-spreading variant of Covid-19 in the U.K. raised the risk of more demand-sapping lockdowns. Brent Continue Reading

Petroleum futures settled higher Dec. 23 on US dollar weakness following news of a possible post-Brexit deal, and on inventory draws reported by the US Energy Information Administration. Not registered?  Continue Reading

Crude oil futures fell further in mid-morning trade in Asia Dec. 23 as bearish data from the American Petroleum Institute took the market by surprise, and as US President Donald Continue Reading

Oil steadied near $47 a barrel in New York after coming under pressure from signs of increased U.S. supply and the resurgence of the pandemic. West Texas Intermediate futures recouped earlier Continue Reading

 Oil futures settled lower Dec. 22 amid pandemic-dimmed demand outlooks prompted by the spread of more lockdowns across Europe.  NYMEX February WTI settled 95 cents lower at $47.02/b and ICE Continue Reading

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.70 million barrels for the week ending December 18. Analysts had predicted an inventory draw Continue Reading

Oil prices lost gains early this week after a new strain of Covid-19 is threatening the global demand recovery. Chart of the Week Demand for transportation fuels (gasoline, distillates, and Continue Reading

Oil fell as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of more lockdowns and less global travel. (Bloomberg) — Oil fell toward $47 a Continue Reading

Crude oil futures slid during the mid-morning trade in Asia Dec. 22, as concerns over a new strain of the coronavirus remained entrenched in the market. At 11:12 am Singapore Continue Reading

Oil fell toward $47 a barrel after dropping the most since early November on Monday as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of Continue Reading

 Crude futures settled lower Dec. 21 as the spread of a new COVID-19 strain in the UK prompted more lockdowns, pressuring demand outlooks. Not registered? Receive daily email alerts, subscriber Continue Reading