The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 3.8 million barrels for the week ending November 20. Analysts had predicted an inventory build Continue Reading
Oil is on the rise after a third company developing a vaccine for Covid-19 announced positive efficacy results this week. They may well continue to rise for a while, but Continue Reading
It’s shaping up to be another warm winter, which could be bad news for natural gas prices. A collection of long-range government and commercial forecasts all point to the southern and Continue Reading
Oil reclaimed heights not seen since the pandemic pummeled prices in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets. Prices Continue Reading
Crude oil futures rose during the mid-morning trade in Asia Nov. 24, extending overnight gains, as the market remained supported by the progress of a third potential COVID-19 vaccine and Continue Reading
Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string Continue Reading
Global oil prices hit the highest level since March as hopes for a vaccine rollout within weeks brightened the outlook for fuel consumption. Brent crude futures rose 2.5% in London, Continue Reading
Oil prices rose more than 1% on Monday, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials. Sentiment was also bolstered by Continue Reading
Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook. Futures Continue Reading
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January Continue Reading
