Crude oil futures slide on mixed OPEC+ signals
Crude oil futures traded lower in mid-morning trade in Asia Thursday as mixed supply-side signals from OPEC+ emerged. At 09:55 am Singapore time (0135 GMT), ICE Brent July crude futures Continue Reading
Oil prices fall as focus turns to OPEC+ consensus
Crude futures fell Wednesday as the focus turned to a lack of consensus among OPEC+ members ahead of the group’s next meeting on June 8-10. Receive daily email alerts, subscriber Continue Reading
Oil Plunges After API Reports Large Unexpected Crude Inventory Build
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build, of 8.731 million barrels for the week ending May 22. Analysts had predicted an inventory draw Continue Reading
Oil Prices for May 27, 2020; Brent Crude, WTI
Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate crude futures fell as much as 3.2% after the close in Continue Reading
Have Oil Traders Abandoned Fundamentals?
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets Continue Reading
Will There Be Another Oil Price War?
Two months ago, Russia said no to Saudi Arabia’s proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped Continue Reading
Oil Down on Signs Russia May Ease Supply Cuts
Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid Continue Reading
Oil Prices Rise As Supply Shrinks
Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT Continue Reading
Oil Holds Gains As Demand Continues To Rise
The latest Global Energy Alert report on ‘How To Profit From The Oil Market Crash’ is an absolute must-read for everyone from crude oil traders to energy investors. Sign up Continue Reading
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing. Nigeria and Algeria — both members of Continue Reading