Crude oil futures were trading higher in mid-morning trade in Asia June 26 after positive US economic data buoyed market sentiment about an improved demand outlook, despite fresh outbreaks of Continue Reading
Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the Continue Reading
NYMEX prompt-month Henry Hub futures prices plunged to a 25-year low on June 25 as rising gas storage inventories and pandemic-related demand weakness continue to weigh on the market. In Continue Reading
Natural gas prices near a 25-year low on Thursday morning as fundamentals are turning bearish. August NatGas futures slid 2% to 1.612 MMBtu on Thursday morning, weighed down by the Continue Reading
Oil prices rose about 2% in a volatile session on Thursday, buoyed by signs of a marginal improvement in the U.S. economy and a tepid rise in fuel demand, but Continue Reading
The recent optimism in oil markets has left many analysts scratching their heads, with no real fundamental reason for the shift in sentiment. Demand projections that suggest Asia or the Continue Reading
Oil extended declines after swelling U.S. crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the world’s largest economy. Futures in New York slipped Continue Reading
Global gas prices in late June are up from record lows amid a recent but modest uptick in demand, fueled by easing virus-related lockdowns and rising summer temperatures. In Northeast Continue Reading
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory. Futures in New York slid 5.9% to the lowest in a week on Continue Reading
JP Morgan’s recent prediction that oil prices would hit $190 has reignited a conversation about how high the looming supply crunch will send oil. The U.S. shale boom transformed the Continue Reading
