Oxford Institute: Don’t Expect A Supercycle In Oil
The markets are not headed to a new supercycle in oil, and $100 a barrel oil is still a very distant possibility unless major unexpected market shocks occur, analysts at Continue Reading
Crude oil futures edge up while market looks for fresh pricing cues
Crude oil futures edged up during midmorning trade in Asia on April 13 on bullishness due to improved economic prospects, even as the market remains weighed down by the possibility Continue Reading
Oil Edges Higher With China Trade Robust Amid Recovery Concerns
Oil rose toward $60 a barrel as investors assessed an uneven global demand outlook amid rising Covid-19 cases in some regions, with the market bracing for an impending increase in Continue Reading
Oil Prices Show Modest Gains
Oil pared gains with prices struggling to break out of its recent trading range as the market considers the jagged outlook for global fuel consumption. Futures in New York closed Continue Reading
Middle East oil exporters will see lower breakevens even as prices stall: IMF
The breakeven oil prices that Middle Eastern countries need to balance their state budgets are largely projected to fall in 2021 and 2022 on expectations of higher oil prices and Continue Reading
Oil Futures Show Biggest Loss in Weeks
Oil posted its worst week in three amid concerns that rising global coronavirus cases are slowing the economic recovery. West Texas Intermediate futures ended the week down 3.5%, the biggest Continue Reading
Oil edges lower on mixed supply and demand outlook
Oil prices edged lower in rangebound trade on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand. Brent Continue Reading
Oil Dips With Stronger Dollar After Saudis Defend Output Hike
Oil dipped, weighed by a stronger dollar and after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output. West Texas Intermediate futures gave up Continue Reading
Oil Closes Lower With Underlying Market Structure Holding Firm
Oil closed lower, yet its underlying market structure firmed, as investors assessed the challenges to a global economic recovery. West Texas Intermediate crude futures slipped 0.3% on Thursday after a Continue Reading
Crude oil futures slip on build in US gasoline stocks, COVID-19 resurgence
 Crude oil futures fell in mid-morning trade in Asia on April 8 as a build in US gasoline stocks and a resurgence of COVID-19 in several countries raised concerns over Continue Reading