Crude oil futures saw a modest upswing in mid-morning Asian trade on Thursday, despite a significant drawdown in US crude oil inventories, as US-China trade concerns continue to overshadow sentiment Continue Reading
Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept Continue Reading
The American Petroleum Institute (API) reported a large draw in crude oil inventory of 5.265 million barrels for the week ending May 24, coming in over analyst expectations of a Continue Reading
Oil prices fell in volatile trade on Wednesday, weighed down by equity markets as China signaled readiness to escalate the trade war with the United States, stoking concerns that an Continue Reading
Over the past month, hedge funds and other portfolio managers have been liquidating some of their bets that oil prices will rise, as concerns about the future of global economy Continue Reading
Iran will not negotiate with the United States, Supreme Leader Ayatollah Ali Khamenei said on Wednesday, after President Hassan Rouhani signaled talks with Washington might be possible if sanctions were Continue Reading
U.S. crude stockpiles are climbing at their quickest pace since 2016, fueling fresh volatility in the oil market as fears of excess supply gather momentum. Rising inventories have powered a Continue Reading
Oil prices fell by around 1% on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political Continue Reading
U.S. crude futures gained almost 1% on Tuesday after flooding throughout the Midwest constrained crude flow from the main U.S. storage hub in Cushing, Oklahoma. U.S. West Texas Intermediate (WTI) Continue Reading
The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution Continue Reading
