Crude oil futures surged during mid-morning trade in Asia Feb. 8, as strong demand from China continued to lift sentiment, while stimulus expectations provided some tailwind to the market.At 10:50 Continue Reading
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand. Brent-crude futures, Continue Reading
Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes Continue Reading
One year after the first glimmers of the catastrophe awaiting global oil markets — from deserted Chinese cities to grounded jets — crude is staging a remarkable turnaround. The crisis triggered Continue Reading
The world’s largest independent oil trader, Vitol SA, joined rival Gunvor Group Ltd. in expressing caution about the recent surge in crude prices. “The market is getting ahead of itself in terms Continue Reading
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would Continue Reading
U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 — a turnaround that might seem a bit surprising given Continue Reading
Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. Futures gained 1.1% in New Continue Reading
Crude futures settled higher Feb. 5 amid tightened supply outlooks, demand optimism and a weaker US dollar. NYMEX March WTI settled up 62 cents at $56.85/b and ICE April Brent Continue Reading
Oil prices rose about 1% on Friday, after hitting their highest in a year and closing in on $60 a barrel, supported by economic revival hopes and supply curbs by Continue Reading
