Category: Prices

Oil jumped the most since early June as shrinking crude stockpiles and dovish signals from the Federal Reserve buttressed hopes for an economic recovery. Futures in New York surged 4.9% Continue Reading

 Crude prices settled sharply higher Sept. 16 after US Energy Information Administration data showed US crude inventory draws resumed during the week ended Sept. 11. Not registered? Receive daily email Continue Reading

Crude oil futures rose during mid-morning trade in Asia Sept. 16 as sentiment was boosted by better-than-expected economic data from the US and China.  At 10:41 am Singapore time (0300 Continue Reading

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 9.517 million barrels for the week ending September 11. Analysts had predicted an inventory draw Continue Reading

Oil extended gains to near $39 a barrel in New York, buoyed by an industry report of a surprise drop in U.S. crude stockpiles and advances in other financial markets. Continue Reading

Oil prices rose on Tuesday afternoon, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets. After a Continue Reading

The US economic recovery is in danger of being weaker and more uneven if Congress and the White House fail to agree on a new round of fiscal stimulus, according Continue Reading

Crude oil futures were rangebound during mid-morning trade in Asia Sept. 15 after OPEC lowered its oil demand forecast in a monthly report. At 11 am Singapore time (0300 GMT), Continue Reading

 Oil markets were paralyzed on Monday by uncertainty over exactly when global fuel demand will rebound from a pandemic-driven collapse. Some of the world’s largest oil suppliers are painting a Continue Reading

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which Continue Reading