Oil prices fall on brimming storage, bleak recovery prospects
Oil prices plunged for the second day in a row on Tuesday on concerns about dwindling global capacity to store more crude and fears that demand may be slow to Continue Reading
Oil Extends Drop Near $10; Indexes and Funds Skirt Volatility
Crude extended its slide to near $10 a barrel as exchange-traded funds and indexes flee the volatility of nearby futures contracts following the market’s plunge below zero last week. Futures fell in Continue Reading
World’s Largest Oil Fund Is Once Again Crashing Crude Markets
The United States Oil Fund (USO) that was responsible for last Monday’s oil crash into negative territory is once again shaking up oil markets, and WTI is now down more Continue Reading
Oil Tumbles After Biggest ETF Said It Is Exiting June Contract
Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels continue to balloon. Futures in New York slid Continue Reading
Could Brent Crude Oil Prices Ever Fall Into Negative Territory?
The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first time in Continue Reading
Three Scenarios That Could Push Oil Back Above $30
Asia is home to 60 percent of the global population and is the largest consumer of total primary energy, oil, coal, and renewables. It is also the third-largest natural gas Continue Reading
OPEC Sees Oil Rising To $40 In Second Half Of 2020
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be Continue Reading
Oil Slides Back Below $15 on Glut While Producers Start Cuts
Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid 16%, Continue Reading
Crude futures dip in Asia trade as supply cuts unlikely to outweigh demand loss
Crude oil futures were lower in mid-morning trade in Asia Monday as focus remained on oversupply concerns, with recent supply cuts widely considered unlikely to balance the unprecedented demand destruction Continue Reading
Markets Diverge in Assessing the Economic Freeze
Stocks continue to rise despite an unprecedented freeze in global economic activity and an oil-price crash, a divergence that makes some investors skeptical the gains can continue. The S&P 500 Continue Reading