Category: Prices

The the number of active oil and gas rigs fell slightly in the United States this week according to Baker Hughes, after two large drops in the two previous weeks, Continue Reading

Brent Crude futures prices for later this year suggest that the oil market is undersupplied, despite recent rises in U.S. crude oil inventories that sent spot oil prices plunging in Continue Reading

Despite various bullish geopolitical and fundamental factors, bearish sentiment appears to have reentered the market after a particularly long rally. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click Continue Reading

Crude oil futures slid during mid-morning trade in Asia Friday amid expectations that the supply void from Iran will be filled by other key crude oil producers, Saudi Arabia and Continue Reading

Oil prices dipped on Friday, paving the way for a weekly decline as surging U.S. output was expected to start hitting global markets soon. Brent crude oil futures were at Continue Reading

Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared Continue Reading

Oil plunged Thursday, with U.S. crude dropping more than 3 percent as the market grappled with oversupply fears as increased U.S. sanctions on Iran had more incremental impact than expected Continue Reading

More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild Continue Reading

Crude oil futures were lower during mid-morning trade in Asia Thursday amid a build reported in last week’s US crude inventory, while market participants were awaiting for the impact from Continue Reading

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles. Outside the United States, however, oil markets remained tense as exemptions Continue Reading