Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst Continue Reading
Oil in New York is heading for an extra dose of unpredictability over the next two days as the current contract nears expiration, adding extra volatility to a market that’s Continue Reading
WTI settled at a fresh 18-year low for a front-month contract Friday as near-term oversupply concerns prompted selling of prompt-dated contracts. NYMEX May WTI moved $1.60 lower to settle at Continue Reading
Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump’s outlines for the U.S. economy Continue Reading
Oil closed the week at the lowest since 2002 as an historic OPEC+ production cut failed to counter a wave of gloomy demand forecasts and concerns that traders are quickly Continue Reading
The week started out promising for crude oil traders, hoping for a boost in prices to shore up the U.S. oil industry and to stabilize prices. OPEC, Russia and other Continue Reading
Fears of global crude storage hitting capacity are now dominating markets, sending oil prices falling towards $15 WTI fell below $18 per barrel in early trading on Friday, as a Continue Reading
Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for Continue Reading
The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Continue Reading
Oil prices fell on Friday, giving up early gains as China’s worst economic contraction on record outweighed news of U.S. President Donald Trump’s plans to get the American economy moving Continue Reading
