Oil futures settled lower Monday, shedding risk premiums as Hurricane Barry continued to weaken far inland and Gulf Coast oil operations began to normalize. NYMEX August WTI closed at $59.58/b, Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil fundamentals by the International Continue Reading
Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a Continue Reading
Oil prices rose this week, pushed higher by geopolitical tension and the tropical storm in the Gulf Coast. Friday, 12th July 2019 Roughly 30% of Gulf of Mexico production shut Continue Reading
After weeks of gloom, the oil market is tightening up once again. But it’s not clear how long the upward cycle will last. OPEC admitted this week that it may Continue Reading
Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their Continue Reading
Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers Continue Reading
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in Continue Reading
Oil prices spiked on Wednesday afternoon after the Energy Information Administration (EIA) reported a significant decrease in crude oil inventories in the United States, combined with the threat of oil Continue Reading
Oil demand is looking shaky , and cracks in the global economy are also a major headwind, but there is a case to be made that oil prices could rise Continue Reading
