Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying after President Donald Trump demanded that producer club OPEC raise output to soften the impact Continue Reading
The question everyone is asking is where is the oil price heading next in the medium term, and for a possible answer, we need to move away from the intraday Continue Reading
Oil futures ended the week sharply lower as traders booked profits amid indications of a possible uptick in OPEC output. ICE June Brent settled $2.20 lower at $72.15/b and NYMEX Continue Reading
U.S. President Donald Trump said on Friday that he “called up” OPEC and told the cartel that they have to bring gasoline prices down. “The gasoline prices are coming down. Continue Reading
The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, the second large drop in as many weeks, keeping Continue Reading
Oil prices fell 3% on Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices. Profit-taking from Continue Reading
Oil prices dipped on Friday on expectations that OPEC will raise output to counter shrinking exports from Iran after sanctions imposed by the United States, where crude stocks have swelled. Continue Reading
Brent crude hit $75 per barrel on Thursday for the first time in nearly six months after quality concerns suspended some Russian crude exports to Europe while the United States Continue Reading
U.S. oil prices declined Wednesday as domestic crude-oil inventories rose to an 18-month high and the International Energy Agency said global oil markets are “adequately supplied.” — West Texas Intermediate Continue Reading
Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC Continue Reading
