Category: Prices

Things have been happening increasingly fast in the oil industry, especially with prices. With so much volatility around, price movements are quick and often surprising. Right now, the general optimism Continue Reading

Oil dropped below $38 a barrel in New York as risky assets declined and Saudi Arabia said it would cease extra voluntary production cuts by the end of this month. Futures Continue Reading

Oil fell after moving past this weekend’s producer deal to extend supply cuts, with prices sliding on Saudi Arabia’s decision to end extra reductions. Futures in New York trimmed 3.4% Monday, Continue Reading

Expectations that the oil market will swing into deficit in July prompted HSBC to revise up its oil price forecasts for this year, with the U.S. benchmark WTI Crude projected Continue Reading

Oil prices have likely risen too fast too soon with the market focusing on supply cuts, while global oil demand may not return to pre-COVID-19 levels before the end of Continue Reading

The relief rally in oil may be coming to an end as oil market fundamentals are turning bearish once again and pointing to Brent Crude slipping back to $35 in Continue Reading

The World Bank said Monday the world is facing an unprecedented health and economic crisis that has spread with astonishing speed and will result in the largest shock the global Continue Reading

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high Continue Reading

Oil rose toward $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month. Brent futures added as much as 2.6% and Continue Reading

Crude oil futures settled at three-month highs June 5 amid improved demand outlooks following better-than-expected US economic data and declining drilling rig counts.  NYMEX July WTI settled $2.14 higher at Continue Reading