Category: Prices

Oil jumped to a five-month high alongside a surge in U.S. equities as optimism that an economic recovery may be on the horizon lifted hopes for improving fuel demand to Continue Reading

Traders remain concerned about the increasing number of COVID-19 cases in many parts of the world including the United States, India and Brazil. The rise in infections continues to have Continue Reading

Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking global inventories and prices improving Continue Reading

Crude oil futures were higher in mid-morning trade in Asia on Aug.17 as sentiment remained buoyed ahead of a key OPEC+ production review meeting on Aug.19 despite a postponement in Continue Reading

 Oil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and September countered rising tensions between the two countries and a Continue Reading

Oil fell below $42 a barrel in New York at the start of a week that will see OPEC+ gather to assess its supply deal as countries struggle to contain Continue Reading

The oil market’s fundamentals continue to improve, with demand looking more robust and offsetting higher supply expectations. We are still experiencing excess amounts of crude, but this will continue to Continue Reading

Oil markets are passing through an interesting phase, flashing bullish sentiments and bearish trends simultaneously. Despite all the ‘crude’ gloom in recent days, some good news also seems to be Continue Reading

Oil squeezed out a gain for the second straight week but uncertainty around the U.S.-China trade deal and fears of a resurgent pandemic limited the price rally. Crude futures in Continue Reading

Crude oil futures dipped on Aug. 14 as a wave of reports this week painted a gloomier economic outlook with slower demand recovery as the coronavirus pandemic continued to take Continue Reading