Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States Continue Reading
The market is gradually beginning to give credence to something I’ve been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled, Underinvestment Could Continue Reading
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. Continue Reading
Oil snapped a two-day losing streak as Saudi Aramco predicted demand will continue to improve through the rest of the year, despite many regions across the world struggling to bring Continue Reading
Oil fell in tandem with equities as concerns over renewed tensions between the U.S. and China and a murky outlook for further relief from Washington cast an economic pall. Futures Continue Reading
Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened Continue Reading
Oil futures settled lower Aug. 7 as demand outlooks came under pressure amid rising US-China tensions and lack of progress on a US stimulus package. Receive daily email alerts, subscriber Continue Reading
Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreat For Global Energy Alert members Continue Reading
Oil oscillated between gains and losses as an uncertain economic outlook overshadowed signals of a tighter crude market with Iraq pledging to make extra output cuts this month. Iraq will Continue Reading
Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts by Iraq buoyed the market despite Continue Reading
