Oil Prices Mixed at Midweek
The WTI crude oil benchmark edged upward Wednesday but the Brent marker finished lower. The West Texas Intermediate (WTI) crude oil benchmark edged upward Wednesday but the Brent marker posted Continue Reading
How Would a 2nd Lockdown Affect Oil Prices?
Wood Mackenzie’s Brent oil price forecast would be significantly affected in a second lockdown wave scenario. Wood Mackenzie’s (WoodMac) Brent oil price forecast would be significantly affected in a second Continue Reading
Crude lower after API data reflects build in US gasoline inventories
Crude oil futures were lower in mid-morning trade in Asia on Aug.19 after American Petroleum Institute data released late Aug.18 showed a surprisingly large build in gasoline inventories even as Continue Reading
Oil Markets Retreat After API Reports Large Gasoline Build
A large build in gasoline inventories which offset a modest draw in crude oil inventories cooled bullish sentiment in markets somewhat on Tuesday afternoon The American Petroleum Institute (API) reported Continue Reading
Oil steadies as demand fears offset high OPEC+ compliance
Oil prices steadied on Tuesday as high compliance with supply cuts from the OPEC+ producer group offset demand fears from the new coronavirus. Brent crude futures LCOc1 rose 9 cents Continue Reading
Trade War Becomes Key Driver For Oil As Elections Near
Although the focus of oil markets in recent months has been on the impact of the COVID-19 pandemic and of the latest Saudi Arabia-instigated oil price war, still bubbling away Continue Reading
Bullish Sentiment Is Building In Oil Markets
For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the Continue Reading
Henry Hub rally continues, supported by stumbling production, rising demand
Henry Hub gas prices continue to test new annual highs in recent trading as stalling US gas production and rising LNG and industrial demand buoy the cash, futures and forwards Continue Reading
Crude rally pauses, prices slide on profit-taking as market awaits fresh drivers
Crude oil futures were lower in mid-morning trade in Asia on Aug. 18 as investors took some profit and paused for fresh drivers after an overnight rally on improved fundamental Continue Reading
Oil holds gains made on high OPEC+ compliance
Oil prices steadied on Tuesday, hanging on to gains from the previous session thanks to high compliance with production cuts from members of the OPEC+ producer group. Brent crude LCOc1 Continue Reading