Category: Prices

Crude gained after signals of shrinking stockpiles in the U.S., but fears of the virus crimping demand are holding futures back from rallying past $40 a barrel. The Energy Information Continue Reading

Crude oil inventories in the United States shed 7.2 million barrels in the week to June 26, the Energy Information Administration reported . Analysts had expected an inventory decline of Continue Reading

 Crude oil futures were trading higher in mid-morning trade in Asia July 1 after a significant draw in US crude oil inventories and despite an increase in coronavirus cases clouding Continue Reading

Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (U.S. commercial oil inventories reached an all-time high Continue Reading

The American Petroleum Institute (API) estimated on Tuesday a major draw in crude oil inventories of 8.156 million barrels for the week ending June 26. Analysts had predicted an inventory Continue Reading

Oil prices are unlikely to jump too much this year despite the OPEC+ production cuts as the economic and oil demand recovery are set to pick up steam only in Continue Reading

The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a Continue Reading

Oil edged lower as the resurgence of the coronavirus in the U.S. continued to dampen the prospects of a broader demand recovery. Futures in New York fell 1.3% toward $39 a Continue Reading

Oil rebounded from a weekly loss as better-than-estimated economic data countered fears that Covid-19’s resurgence will crimp fuel demand. Futures in New York and London closed higher after declining for two Continue Reading

From a super contango in April, the Brent Crude futures curve has flattened and flipped to backwardation for the nearest months, wiping out was is seen as one of the Continue Reading