Oil Prices Pulled Lower by Dimming Demand
Slowing demand and recession fears helped bring the benchmark U.S. oil price below $100 a barrel Tuesday, continuing a rapid turnaround from soaring levels in recent months. Oil prices shot Continue Reading
Brent oil falls as recession fears increase fuel demand concerns
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production Continue Reading
Oil Holds Above $110 as Tight Supply Balanced by Recession Risk
Crude’s timespreads point to robust near-term consumption Citi warns price could slump to $65 if recession hurts demand Oil held gains as investors assessed still-strong underlying market signals against concerns Continue Reading
Oil bulls retreat as economic outlook darkens
Investors continued to liquidate bullish long positions in petroleum last week as the economic outlook deteriorated though the rate of selling was much slower after heavy selling the week before. Continue Reading
Russia’s Medvedev: oil could top $300-400 if Japan’s price cap idea implemented
Russia’s former president Dmitry Medvedev said on Tuesday that a reported proposal from Japan to cap the price of Russian oil at around half its current price would lead to Continue Reading
Europe Gas Trades Near 4-Month High With Norway, Russia in Focus
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. Benchmark futures jumped as much Continue Reading
Europe Gas Trades Near 4-Month High With Norway, Russia in Focus
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. Benchmark futures jumped as much Continue Reading
Oil slips as recession fears balance tight supply
Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Continue Reading
Oil Stabilizes as Traders Weigh Recession Concerns, Tight Supply
Oil steadied below $109 a barrel at the start of the week’s trading, with traders weighing concerns that a global slowdown will drag down demand against supply interruptions and signs Continue Reading
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
Russia. Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. The Continue Reading