Crude oil traded lower today after the Energy Information Administration reported a substantial build in crude oil inventories, at 9.9 million barrels for the last week of April. The report Continue Reading
Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards Continue Reading
The world is not going to run out of oil. There is plenty of it. In fact, there is likely way more oil than we need, and much of it Continue Reading
Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions Continue Reading
The American Petroleum Institute (API) reported a surprise build in crude oil inventory of 6.81 million barrels for the week ending April 26, coming in over analyst expectations of a Continue Reading
Oil prices pared their gains on Tuesday, after global benchmark Brent crude rose above $73 a barrel, as the market grew less worried that a rebellion against Venezuelan President Nicolas Continue Reading
For more than ten weeks, portfolio managers have been consistently amassing bullish bets in the most important petroleum futures contracts, as market fundamentals were pointing to OPEC over-delivering on the Continue Reading
Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC Continue Reading
The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down. Continue Reading
Albert Einstein once wrote that “the definition of insanity is doing the same thing over and over again and expecting different results.” Were he alive today, he would be repeating Continue Reading
