Goldman Sachs sees Brent crude rising to $65/b by the middle of 2021, up to six months earlier than previously forecast, as a demand boost from the rollout of COVID-19 Continue Reading
Oil closed little changed with a stronger U.S. dollar and broader market selloff sapping momentum from a recent rally. Futures in New York ended the session up 1 cent at Continue Reading
Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months. Futures in New York lost Continue Reading
Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in New York advanced $3.72 this Continue Reading
The surprise cuts by Saudi Arabia following the OPEC+ meeting have provided oil bulls with a major boost, sending Brent above $55. For Global Energy Alert members there are now Continue Reading
Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional Continue Reading
Crude oil futures ticked up during the Asian mid-morning trade Jan. 8, but a rally driven by Saudi Arabia’s decision to cut output by 1 million b/d and the Democrats Continue Reading
Oil prices on Friday hit 11-month highs and were on track for a strong weekly gain as a rally in global equities fed risk appetite and stoked bullish sentiment following Continue Reading
Crude oil futures edged higher Jan. 7 amid tightened fundamental outlooks, but pandemic demand risks and heightened US political tensions limited gains. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia’s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil Continue Reading
