Oil Poised for Longest Run of Gains in 2 Years
Oil is poised for the longest winning streak in almost two years after an industry report pointing to another decrease in U.S. crude stockpiles added impetus to a new year Continue Reading
Oil Prices Falter Amid Fuel Build
Oil’s red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking U.S. crude inventories, capping the price under a key technical indicator. Futures in Continue Reading
EIA Raises 2021 Oil Price Forecasts
The U.S. Energy Information Administration has raised its Brent spot average and West Texas Intermediate spot average prices for 2021. The U.S. Energy Information Administration (EIA) has raised its Brent Continue Reading
Crude oil futures rise on large US stock draw, weakening dollar
Crude oil futures rose in mid-morning trade in Asia Jan. 13 on a larger-than-expected draw in US crude inventories and a weakening US dollar. Receive daily email alerts, subscriber notes Continue Reading
Oil Edges Higher Above $53 on Saudi Curbs and Inventory Draw
Oil crept higher after an industry report pointing to another decrease in U.S. crude stockpiles, which added impetus to a new year rally driven by Saudi Arabia’s output cuts. Futures in Continue Reading
Crude oil hits 11-month highs as US dollar rally falters
Crude futures pushed to 11-month highs Jan. 12 on the back of a weaker US dollar. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
Light Crude Ends Session Above $53
Oil rose to a fresh 10-month high with a weaker dollar providing support to a market already boosted by expectations for tightening global supply. Futures climbed 1.8% in New York Continue Reading
Crude oil futures rangebound, profit-taking activities stem price rally
Crude oil futures were rangebound during the mid-morning trade in Asia Jan. 12 as analyst expected profit-taking activities to put some pressure on a recent price rally, with any significant Continue Reading
Oil Advances on Dollar Drop as IEA Sees Possible Shale Boost
Oil in New York climbed as the dollar declined, with the market assessing the potential for more supply after the International Energy Agency said a “big chunk” of U.S. shale is Continue Reading
Crude rally stalls amid fresh lockdowns, stronger dollar
The crude price rally stumbled Jan. 11, with futures settling mostly lower amid fresh pandemic demand growth concerns following the imposition of new lockdowns in Asia. Not registered? Receive daily Continue Reading