Category: Prices

How do you measure the value of the world’s most important commodity? It’s a conundrum that brought uproar in the oil market over the past few weeks after S&P Global Continue Reading

 Crude oil futures were rangebound, with a slight downward bias, during mid-morning trade in Asia March 12, as further upside was limited after the overnight rally. At 10:49 am Singapore Continue Reading

Oil rose the most in almost a week alongside a broader market rally as signs emerged that a recovery in fuel consumption is gaining traction. Futures in New York climbed Continue Reading

Crude oil futures rose during mid-morning trade in Asia March 11 as bullish US products data from the Energy Information Administration negated a large build in US crude inventories, with Continue Reading

Oil rose as the dollar declined and a fall in U.S. gasoline inventories offered a signal of recovering consumption. Futures in New York climbed above $65 a barrel, while the Continue Reading

Oil closed higher after traders assessed a U.S. government report showing the largest two-week decline in gasoline supplies on record. (Bloomberg) — Oil closed higher after traders assessed a U.S. Continue Reading

This past week the national average price for regular gasoline rose to $2.71 per gallon. That marks an increase of $0.46/gallon since the beginning of the year. On a daily Continue Reading

Crude oil futures fell during the mid-morning trade in Asia March 10 as bullishness over OPEC+ rolling over production quotas faded and the American Petroleum Institute reported a large build Continue Reading

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases. How long it will last is anyone’s guess, but it Continue Reading

Oil reversed an earlier decline, largely undulating with the swings in the dollar before data on U.S. oil stockpiles due later. Futures in New York edged lower on Wednesday, after Continue Reading