Goldman Sachs Turns Bullish On Energy Stocks
On a day when one of our preferred stocks, Exxon, has hit the highest price since last June following an upgrade from Credit Suisse which upped its price target for Continue Reading
Is This Oil Rally The Start Of Something Much Bigger?
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—spearheaded by a Continue Reading
Crude oil futures rise slightly on supply disruptions in the Permian Basin
Crude oil futures were slightly higher during mid-morning trade in Asia Feb. 16, extending overnight gains, as the ongoing Arctic blast across North America caused supply disruptions, propelling demand for Continue Reading
Brent Oil Holds Above $63 With Power Crisis Hitting U.S. Supply
Oil held gains in New York after rising above $60 a barrel for the first time in a year as a deepening energy crisis in the U.S. disrupted crude production and Continue Reading
U.S. oil prices climb on Texas cold snap, Brent stable
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the biggest crude producing state in the United States, while a Continue Reading
Oil Prices Rally as Cold Blast Hits Texas
Frigid temperatures across swaths of the U.S. injected new momentum into the rally in energy markets Monday, boosting demand for fuel and power while threatening oil-and-gas production in Texas. Brent-crude futures, Continue Reading
Has This Record-Breaking Oil Rally Gone Too Far?
The Covid-19 pandemic has ravaged energy markets and decimated demand. Of the three fossil fuels, coal, natural gas, and oil, demand for the latter was affected most due to its Continue Reading
Crude oil futures strengthen amid demand recovery hopes, supply tightness
Crude oil futures strengthened during mid-morning trade in Asia Feb. 15 as the demand outlook brightened on hopes that the coronavirus pandemic is abating and on expectations of an upcoming Continue Reading
Oil Rallies as Texas’ Wintry Cold Poses Risk to Global Supplies
Oil rallied to a 13-month high on fears that cold weather in Texas may disrupt flows from America’s largest shale patch, exposing the fragility of global supplies amid sharp cutbacks Continue Reading
Global shares hit new peak, oil up on Middle East tensions
Global shares rose for the 11th day in a row to hit a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while Continue Reading