Oil rises 2% as no immediate Saudi output boost expected
Oil gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room Continue Reading
Oil Markets Torn Between Recession Fears And Physical Tightness
Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks.Oil market watchers have become senior macroeconomists lately, with price swings Continue Reading
U.S. natgas jumps 6% on output drop, hotter forecasts
U.S. natural gas futures jumped about 6% to a four-week high on Friday on a drop in output this week and forecasts for hotter weather and more demand over the Continue Reading
Oil Set to End Turbulent Week Below $100 on Slowdown Concerns
Oil is poised to end the week below $100 a barrel for the first time since early April after another volatile period of trading marked by escalating concerns over an Continue Reading
Oil prices fall ahead of potential large U.S. rate hike
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures Continue Reading
Goldman Sachs Remains Bullish On Oil Prices
Goldman Sachs continues to hold a bullish view on oil despite the ongoing market sell-off, reiterating in a note its stance that “the skew to prices from here is squarely Continue Reading
Brent Oil Hits Lowest Since March as Rate Hike Bets Intensify
Brent oil retreated after a bumper US inflation print bolstered expectations that the Federal Reserve will make further aggressive interest rate hikes. The global crude benchmark fell as much as Continue Reading
Oil prices fall ahead of potential large U.S. rate hike
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures Continue Reading
Oil edges higher after slide below $100
Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a U.S. supply report showing rising Continue Reading
U.S. gasoline prices are finally falling. Why?
After exceeding $5 a gallon for the first time in history, U.S. gasoline prices are finally falling, giving some relief to consumers in the world’s largest user of the fuel. Continue Reading