Oil Prices Decline As OPEC+ Dithers
Oil dropped the most in two weeks with OPEC+ yet to resolve an impasse on whether to keep raising production at a time when the pandemic threatens demand. Futures fell Continue Reading
Oil Flirts With $50 on Dollar Weakness and Middle East Tension
Oil rose for a fourth day – aided by a falling dollar and Middle East tensions — before OPEC+ meets to decide whether it can keep lifting output as a Continue Reading
Crude oil futures higher as market awaits output guidance from OPEC+ meet
Crude oil futures were higher during mid-morning trade in Asia Jan. 4 as market participants awaited a meeting set for later in the day between OPEC and non-OPEC ministers to Continue Reading
Oil Prices Settle Higher on Final Day of 2020
WTI and Brent crude oil prices posted increases on the final trading day of 2020. West Texas Intermediate (WTI) and Brent crude oil prices posted increases on the final trading Continue Reading
Crude ends year at two-week high as market looks to OPEC+ meeting
Crude oil futures rode a late session upswing to end 2020 higher, as the market looked to a Jan. 4 OPEC+ meeting for next direction. Not registered? Receive daily email Continue Reading
Oil edges higher, but posts 20% annual drop in tumultuous 2020
Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent Continue Reading
The Most Outrageous 2020 Oil Predictions
As we approach the close of 2020, we’re reminded of one statistical certainty when it comes to oil price predictions. If you set anything other than a range, you will Continue Reading
Crude oil futures tick lower as traders take profit after overnight rally
Crude oil futures ticked lower during midmorning trade in Asia Dec. 31 as traders engaged in profit-taking after bullish data from the US Energy Information Association pushed prices higher overnight. Continue Reading
Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus
Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from Continue Reading
Oil rally extends amid larger-than-expected US crude draw, export surge
Oil futures settled higher Dec. 30 on the heels of a larger-than-expected US inventory draw. NYMEX February WTI settled 40 cents higher at $48.40/b, and ICE January Brent climbed 25 Continue Reading