Oil Prices Show Healthy Gains
Oil rose to the highest in more than two weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed 2.6% in New York on Monday, Continue Reading
A Glimmer Of Hope For Oil Markets
Oil was off to a reasonably good start this year thanks to the start of a vaccination push and a Saudi commitment to cut more production. The continued surge in Continue Reading
Natural Gas Prices Explode On Cold Weather Reports
Natural gas prices exploded on Monday, with spot prices soaring more than 10% as cold weather threatens the Northeastern part of the United States. At 1:30 p.m. EST, the spot Continue Reading
Wintry Weather Lifts Natural-Gas Prices
The winter storm blanketing the Northeast and forecasts for a frigid February are boosting natural-gas prices. Natural-gas futures rose 11.1% to close at $2.85 per million British thermal units on Monday. Continue Reading
Oil Climbs With Supply Tightness Offsetting Resurgent Virus
Oil climbed toward $53 a barrel — after the first back-to-back weekly declines since October — as investors weighed continued supply discipline from producers against a worsening short-term demand outlook. OPEC Continue Reading
Oil Prices Decline with Broader Market
Oil edged lower on Friday alongside a broader market decline as the recovery in consumption remains uncertain. The dip capped a third straight week with New York futures stuck near Continue Reading
Crude oil prices edge up as Russian crude exports could drop
Crude oil futures edged up during afternoon European trade on Jan. 29 after key Russian producers agreed to direct more of their oil into domestic refineries, which could tighten crude Continue Reading
Covid-19: how close is the light at the end of the tunnel?
Will it ever end? In November, we were celebrating the announcement that the BioNTech/Pfizer vaccine seemed to be highly effective against Covid-19, followed with bewildering speed by similar claims for Continue Reading
Crude oil futures rangebound amid supportive policies, weak demand
Crude oil futures were rangebound during mid-morning trade in Asia Jan. 29 as the OPEC+ production cuts paring back the global supply glut cushioned the impact of depressed demand due Continue Reading
Oil Prices Decline Under Virus Variant Cloud
Oil declined the most in nearly a week with the spread of new Covid-19 variants and tighter lockdown measures weighing on nascent hopes of a demand recovery. Futures in New Continue Reading