Is There An Oil Price Correction Coming?
Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. At Continue Reading
Optimism Overtakes Everything in Markets Even as Recovery Stalls
Look at the economy and there’s grounds for concern, particularly after Friday’s hiring report. But the picture in bonds, stocks and commodities is fast becoming one of near-unanimous optimism, as investors Continue Reading
Crude oil futures stronger on hopes of pandemic easing, improved fundamentals
Crude oil futures continued on an upward trajectory during mid-morning trade in Asia Feb. 4, as the abatement of the pandemic situation and simmering hopes over a US stimulus package Continue Reading
Brent Oil Within Sight of $60 on Expectations for Tight Supply
Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand outlook improves. Futures in London climbed for a sixth day as they Continue Reading
Crude Oil Extends Rally
Oil jumped to the highest in more than a year, extending this week’s rally to above $56 a barrel, with investors confident that OPEC+ producers are committed to restraining global Continue Reading
Cold Weather Pushes Gas Prices Above $3
The weather doesn’t always follow traders’ hopes and expectations. However, it sometimes exceeds them. December and January saw a surge in natural gas prices in Asia as a cold spell Continue Reading
Crude oil futures rises on EIA data, renewed OPEC+ commitment to supply cuts
Crude oil futures rose during mid-morning trade in Asia Feb. 4, as the US Energy Information Administration reported a draw in crude inventories and as the OPEC+ meeting concluded with Continue Reading
Oil Extends Rally After OPEC+ Pledges to Keep Clearing Surplus – Bloomberg
Oil rose for a fourth day after OPEC and its allies pledged to rapidly clear the global surplus built up during the Covid-19 pandemic. Futures in New York climbed above $56 Continue Reading
OIL FUTURES: WTI hits 1-year high following US crude draw
Crude oil futures again settled near one-year highs Feb. 3 on the back of falling US inventories and improved demand outlooks. Not registered? NYMEX March WTI settled 93 cents higher Continue Reading
Oil Futures Surge on Assurance from OPEC+
Oil climbed to the highest in more than a year in New York as OPEC and its allies pledged to continue whittling down global inventories. Futures in New York surged Continue Reading