Oil prices rose almost 2% on Wednesday, with U.S. crude reaching its highest settlement level in a year after stockpiles fell to their lowest levels since March. U.S. West Texas Continue Reading
Crude oil prices fell slightly today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week of January. Fuel inventories were Continue Reading
Big Oil recorded one of its worst years in history because of the coronavirus pandemic that pushed their financial results deep into negative territory. Earlier this week, BP reported a Continue Reading
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Futures rose 2.3% in New Continue Reading
Crude futures settled near one-year highs Feb. 2 amid a focus on OPEC+ production compliance and improved demand outlooks. Not registered? NYMEX March WTI settled $1.21 higher at $54.76/b and Continue Reading
Crude oil futures rose mid-morning in Asia Feb. 2 on the back of an improvement in the crude oil demand outlook and managed supply levels after it was revealed that Continue Reading
Oil soared toward $55 a barrel in New York, touching its highest level in a year as the virus-recovery rally continued. West Texas Intermediate futures rose 2.4%, while the global Brent Continue Reading
Crude oil futures settled near 11-month highs Feb. 1 as tightened supply outlooks overshadowed pandemic-related demand concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Oil prices settled more than 2% higher on Monday, buoyed by falling U.S. crude inventories and rising winter fuel demand due to one of the worst snowstorms to hit the Continue Reading
Goldman Sachs had another bullish message for oil markets this week, saying in a note that it expected global oil demand to recover to pre-pandemic levels of 100 million bpd Continue Reading
