Hedge Funds Are Quietly Piling Into Oil
Two weeks ago, hedge funds were selling off oil, taking their profits on an oil price rally that came about due to hopeful U.S.-China trade deal talks (disappointed again) and Continue Reading
Oil Soars On Crude Inventory Draw
The Energy Information Administration reported today a crude oil inventory draw of 4.9 million barrels for the week to November 29, after a 1.6-million-barrel increase reported for the previous week. Continue Reading
Oil Rises After API Reports Larger Than Expected Crude Draw
The American Petroleum Institute (API) has estimated a crude oil inventory draw of 3.72 million barrels for the week ending November 28, compared to analyst expectations of a 1.798-million-barrel draw Continue Reading
Oil Trading in Sweet Spot Adds to Improving Economic Signals
Oil prices have stayed in a contained range that analysts say benefits both producers and consumers, bolstering hopes that the global economy can rebound. U.S. crude has generally stayed between Continue Reading
Oil higher as Saudi pushes for further supply cuts
Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although scepticism about a deal among some analysts limited the gains. Continue Reading
Brent Oil Set to Disappear as Crude-Price Benchmark Lives On
In the late 1980s, Brent crude became the benchmark on which most of the world’s oil is priced and is still used to set the price of the multi-trillion dollar Continue Reading
Oil futures rise on talk of further OPEC+ supply curbs
Oil futures gained about 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this Continue Reading
Analysis: Henry Hub winter natural gas prices hit record low | S&P Global Platts
Balance-of-winter gas prices at the US benchmark Henry Hub sank to a record low recently as an increasingly robust supply outlook for this season continues to drag on market sentiment. Falling Continue Reading
Oil jumps above $61 on talk of further OPEC+ supply curbs
Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising Continue Reading
A Worrying Week For Oil Markets
While everyone is waiting for OPEC’s big meeting next week and the IEA is trying to strong-arm the cartel into making bigger cuts to help out a “very fragile” economy Continue Reading