Oil fell to its lowest intraday level since July as signs of faltering demand continue to depress prices. Futures in London traded below $42 a barrel after dropping 1.5% on Continue Reading
Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as the summer driving season winds down with many countries still struggling to Continue Reading
Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped after Saudi Continue Reading
Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and the re-opening Continue Reading
Crude oil bears increased their selling pressures as oil traders reacted to Saudi’s massive price cuts for supply to Asia. The Saudis made their biggest discounts on their crude grades Continue Reading
Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales, as demand struggles to fully recover from the coronavirus outbreak. Futures in New York Continue Reading
Crude oil futures prices fell further Sept. 4, with front-month contracts settling near two-month lows as global demand outlooks dimmed following a mixed US jobs report. NYMEX October WTI settled Continue Reading
Oil in New York is poised for the biggest weekly decline since early June. (Bloomberg) — Oil in New York is poised for the biggest weekly decline since early June Continue Reading
Oil in New York closed below $40 a barrel for the first time in a month as a selloff in broader markets exacerbated concerns over weakening demand following a sluggish Continue Reading
Okay, I finally get to say it! It has been a big, interesting week for crude oil! After months of essentially range trading, with the main WTI futures contract, CL, Continue Reading
