Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Continue Reading
Analysts polled by Reuters expect Brent to average $106.82 per barrel in 2022. This is the most bullish take on average oil prices so far this year. The experts polled Continue Reading
Oil prices fell on Wednesday after a report was released by the EIA showing an uncharacteristic slowdown in gasoline demand. Despite this demand destruction, it is unlikely that high oil Continue Reading
Electricity prices in Europe are soaring again as the market starts to fear that energy shortages this winter would be much larger than expected a few weeks ago. The German Continue Reading
Oil prices were largely steady in volatile trading on Thursday as the market weighed concerns over global supply against a build in U.S. fuel product inventories. Brent crude futures for Continue Reading
Oil is heading for the first monthly decline since November as OPEC+ ministers prepare to gather to discuss the group’s supply policy. West Texas Intermediate futures traded near $110 a Continue Reading
Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Continue Reading
Crude oil futures were lower in mid-morning trade in Asia June 29 in a sign that a three-day rally has run out of steam, with latest US consumer confidence data Continue Reading
Expect lots of oil price volatility in the coming months as markets finally discover just how much spare capacity OPEC members really have. Oil production outages in Libya and the Continue Reading
Oil took a breather after a three-day rally as traders continued to weigh the risk of an economic slowdown against ongoing tightness in the crude market. West Texas Intermediate traded Continue Reading
