Oil Prices for Oct. 23, 2020: Brent Crude, WTI
Oil headed for a modest weekly decline as fresh optimism that a U.S. stimulus deal is imminent was overshadowed by the threat a resurgent coronavirus poses to energy demand in Europe Continue Reading
OIL FUTURES: Energy climbs on stimulus hopes, better US jobs data
Oil futures settled higher Oct. 22 amid fresh hopes for passage of a US stimulus bill and stronger-than-expected jobs data. NYMEX December WTI settled 61 cents higher at $40.64/b and Continue Reading
Goldman Expects A Structural Bull Market For Commodities In 2021
A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman’s Continue Reading
World Bank Sees Oil Average $44 in 2021
Energy prices suffered the most among commodities in the pandemic—especially oil prices—and they won’t be rising much next year either, averaging just $44 a barrel, the World Bank said in Continue Reading
Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls
The benchmark price of Canada’s oil sands is expected to strengthen next year amid lower supplies of Mexican heavy crude oil to the United States, BMO Capital Markets said in Continue Reading
Crude futures fall as US gasoline stock build overshadows crude drawdown
Crude futures dipped during mid-morning Asian trade Oct. 22 as data from the Energy Information Association indicated that the US’ downstream demand remains weak and on persistent concerns over the Continue Reading
Oil Holds Near $40 After Falling on Surprise Fuel Stockpile Gain
Oil held near $40 a barrel in New York after the biggest drop in two weeks on Wednesday following a surprise jump in U.S. gasoline stockpiles and slowing demand. Motor fuel Continue Reading
Oil Prices Slump on US Fuel Supply Build
Oil and gasoline futures tumbled the most in more than two weeks. (Bloomberg) — Oil and gasoline futures tumbled the most in more than two weeks after a U.S. government Continue Reading
Crude oil futures fall on bearish US stocks data, surging Libyan production
Crude futures were lower in mid-morning trade in Asia Oct. 21, erasing overnight gains, after data from the American Petroleum Institute pointed to a build in US crude inventories and Continue Reading
Oil Prices Settle Higher on Stimulus Expectations
Oil surged to a seven-week high in New York as U.S. lawmakers negotiated the size of a potential spending bill to boost economic recovery, presenting a rare bright spot for Continue Reading