Oil rises on U.S. inventory drop, Russian gas cuts
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker Continue Reading
Crude oil futures stable to lower as recession fears resurface
Crude oil futures were stable to slightly lower in mid-morning Asian trade July 27 as recession fears returned to the fore after fresh US data overnight showed weakening consumer confidence Continue Reading
Oil Climbs as US Crude Stockpiles Shrink Ahead of Fed Decision
Oil rose as industry data signaled a big drop in US crude inventories ahead of an expected interest-rate hike by the Federal Reserve. West Texas Intermediate futures edged up near Continue Reading
Natural Gas Roars Toward Record Monthly Gain on Searing US Heat
US natural gas futures are surging toward the biggest monthly gain on record, buoyed by scorching weather and the expiration of August options. Gas has jumped more than 65% in Continue Reading
European gas prices soar after Russia deepens supply cuts
European gas prices have surged 30 percent in two days after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponize energy supplies. Futures contracts for delivery Continue Reading
Crude oil futures extend gains after $2/b jump overnight as supply remains tight
Highlights Tight physical supply supports prices despite recession fears ICE Brent prompt backwardation widens further Southeast Asian crudes trade at record premiums Crude oil futures were higher in mid-morning Asian Continue Reading
Oil rises for a second day on supply tightness concerns
Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key oil and natural gas supplier to the region, cut gas Continue Reading
Oil Rallies as Tight Supplies Counter Expectations of a Slowdown
Oil rose as tight near-term supplies outweighed expectations of another rate hike this week and an eventual economic slowdown. West Texas Intermediate rose 2.1% to settle above $96 a barrel. Continue Reading
Traders Are Betting On The End Of The Oil Price Slump
Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market Continue Reading
Gulf Producers Hike Crude Prices Despite Recession Fears
August 2022 will see many grades reach their highest-ever market differential. Gulf producers balance tight supply and signals of demand destruction as they set prices for August. The arrival of Continue Reading