Light Crude Wipes Out More Than 2 Weeks of Gains
Oil plunged by 7%, the most since September, as vaccination efforts in some parts of the world stalled, casting uncertainty over the speed of an economic recovery and a full Continue Reading
Oil Falls By Most in 6 Months as Recovery Falters
Oil plunged by 7%, the most since September, as vaccination efforts in some parts of the world stalled, casting uncertainty over the speed of an economic recovery and a full Continue Reading
Oil Traders Made A Killing Last Year
Retail investors with long positions in crude oil markets had to endure one of the most volatile years on record in 2020 thanks to the Saudi-Russia oil price war, oil Continue Reading
Oil Risks Worst Losing Run in More Than a Year as Rally Frays
Oil extended declines as inflation concerns rattled broader sentiment and physical markets in Asia cooled. West Texas Intermediate retreated for a fifth straight day, putting the U.S. benchmark on course for Continue Reading
Crude falls on bearish EIA data despite support from weakening US dollar
Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling Continue Reading
Oil Prices Falter on Supply Assurances
Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful. Futures in New Continue Reading
Physical Oil Market Weakens With China Buyers on Sidelines
The market for physical crude barrels in Asia is showing signs of weakness with muted buying from some in China leading to ample supply. Spot differentials for cargoes scheduled to Continue Reading
OIL FUTURES: RBOB falls 2.6% after unexpected US gasoline inventory build
Highlights US gasoline stocks rose 470,000 barrels on import surge RBOB cracks hit nine-day low US crude stocks up 2.4 million barrels RBOB futures fell sharply March 17 amid an Continue Reading
Oil Prices Inch Lower As Crude Inventories Continue To Build
The Energy Information Administration reported a crude oil inventory build of 2.4 million barrels for the week to March 12, up/down from a build of 13.8 million barrels the authority Continue Reading
Three Commodities Set To Boom As The Global Economy Recovers
Despite the ongoing vaccine rollout snafu, including supply chain constraints, delayed approvals and—more worryingly—dozens of countries banning the cheapest and most widely available Covid-19 vaccine , there’s growing optimism that Continue Reading