Russia Won’t Blink First In The Oil Price War
Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what Continue Reading
Oil up $2 as Trump hints at Saudi-Russia price war intervention
Oil prices rose by more than $2 on Friday, building on gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Continue Reading
Crude futures mixed in Asia as sentiment remains volatile after overnight surge
Crude oil futures were mixed in mid-morning trade in Asia Friday after prices surged overnight on US President Donald Trump announcing he would support the US oil industry, while broader Continue Reading
Oil Has Best Day Ever After Trump Hints at Role in Price War
Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets. U.S. Continue Reading
U.S. oil reverses losses, posts largest one-day gain on record
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year Continue Reading
The Inevitable Outcome Of The Oil Price War
One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices Continue Reading
The Idea of Negative Oil Prices Is More Realistic Than You Think
How bad is too bad for oil markets? As prices barrel toward the lowest levels since the start of the century, negative prices have re-entered the realm of possibility. U.S. oil Continue Reading
How Low Can Brent, WTI Crude Oil Go? One Forecast Sees $5/Barrel
Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come. Even after plunging about 60% this year to the lowest since Continue Reading
Oil Rollercoaster Has Crude Rebounding After Drop to 18-Year Low
Oil rebounded after plunging to the lowest level in 18 years as investors weigh efforts by policy makers across the globe to strengthen economies against the impact of the coronavirus Continue Reading
Oil’s 24% Plunge in a Day Signals No End in Sight for Meltdown
Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month. Futures are now at the lowest level in almost two Continue Reading