Category: Prices

Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.  Brent crude futures edged up 10 Continue Reading

Crude oil futures were lower during mid-morning in Asia Wednesday after a bearish US inventory report, while lingering optimism over the US-China phase one trade deal capped further declines.  At Continue Reading

Oil futures extend runs higher amid strong Chinese crude appetite  Lack of details on US-China phase 1 deal caps upside price movement Chicago ULSD discount to NYMEX spikes on low Continue Reading

 Oil prices rose more than 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world’s two largest Continue Reading

JP Morgan raised on Tuesday its oil price forecasts for next year, as the investment bank expects OPEC’s production cuts to be effective in conjunction with expectations for better economic Continue Reading

Crude oil futures were largely steady during mid-morning trade in Asia Tuesday as markets digested the recent optimism that emerged from the US-China trade talks, while they waited for fresh Continue Reading

Oil prices have hit three-month highs, driven higher by the OPEC+ cuts, the U.S.-China trade de-escalation, the slowdown in shale and the apparent stabilization in the global economy. There is Continue Reading

 Crude oil futures were marginally lower during mid-morning trade in Asia Monday, moving within a tight range as optimism from the US-China trade deal faded. Market participants were now looking Continue Reading

 Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.  Brent crude oil Continue Reading