Oil Prices Spike As U.S. Outages Tighten Supply
Oil prices rebounded again on Monday, with WTI shooting up more than 3% to over $61 per barrel by noon ET. Oil prices spiked to 13-month highs last week after Continue Reading
Oil Surges as Investors Bet Commodity Demand to Take Off
Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain Continue Reading
Goldman Sachs Sees $75 Oil In Q3 2021
Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year, on the back of faster market Continue Reading
US oil to join North Sea crude price basket
US-produced oil will join Europe’s pricing benchmark, reflecting the changing shape of the global market more than four decades after an American company brought the first North Sea crude ashore Continue Reading
Oil prices rise as output in storm-hit U.S. begins slow return
Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand Continue Reading
Crude Slides With Texas Oil Wells Seen Restarting Output
Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations Continue Reading
Oil Prices Fall Back Below $60
Oil prices have fallen back below $60 but remain at levels not seen since January 2020. In this week’s Global Energy Alert , our investing team breaks down the best Continue Reading
Crude oil prices ease as US recovers from weather disruption, profit taking
Crude futures weakened during midmorning trade in Asia Feb. 19 as the support received from supply disruptions in the US due to freezing temperatures eased, allowing prices to return to Continue Reading
Oil Near $65 as US Crisis Now Global Supply Shock
Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose Continue Reading
Oil Prices Decline As US Refinery Outages Linger
Oil fell the most in nearly a month alongside a broader market selloff with the ongoing energy crisis in the U.S. likely keeping refineries shut for another week. Futures in Continue Reading