Crude oil futures were lower in mid-morning trade in Asia Sept. 10 after American Petroleum Institute data released late Sept. 9 pointed to an unexpected rise in US commercial crude Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.970 million barrels for the week ending September 4. Analysts had predicted an inventory draw Continue Reading
Oil jumped the most since June alongside a rally in broader equities markets, boosted by expectations of US crude stockpiles extending their streak of declines. (Bloomberg) — Oil jumped the Continue Reading
Traders are betting on fresh upheaval in the oil market, in an abrupt turnaround from the calm of recent months. U.S. oil prices have slid 12% since the end of Continue Reading
It is over-simplification to say the world has been overwhelmed with too much oil and gas and inadequate drivers of demand for them over the last few years. Price movements Continue Reading
Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff. Futures rose 1.1% after a precipitous slump a day earlier that saw prices settle Continue Reading
Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple of months are shrinking according Continue Reading
Faltering demand and weaker equities are undermining market sentiment. (Bloomberg) — Crude in London tumbled below $40 a barrel for the first time since late June and futures in New Continue Reading
Oil prices crashed at the start of the week, with fears about global oil demand and a weak stock market being the main catalysts. Chart of the Week – U.S. Continue Reading
Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower breakevens, and Continue Reading
