Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. U.S. Continue Reading
A steep selloff in US equity markets knocked crude futures off early-session highs, but optimism regarding a potential thaw in US-China trade relations and a tightening supply picture for 2019 Continue Reading
Oil prices rose about 1 percent on Monday as the United States and China appeared closer to ending a trade war that has slowed global economic growth while OPEC ally Continue Reading
Consider some recent headlines: “World Bank Warns Of Extreme Volatility In Oil Markets”, “International Energy Agency Head: Oil markets are entering an era of unprecedented volatility” and “ Oil prices Continue Reading
Oil traders are taking on an “overly bearish tone,” paying too much attention to Trump’s tweets, macroeconomic fragility and expected U.S. shale growth. “We think more critical and bullish determinants Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Monday, recovering from Friday’s losses, on improved sentiment following a bullish report on US rig count data. At 10:50 am Singapore Continue Reading
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter Continue Reading
The price of the Brent international crude oil benchmark dipped below two Middle Eastern benchmarks that represent heavier, sour grades, Reuters reports , citing industry sources. Based on light sweet Continue Reading
A slight decline in crude loadings is offset by a $4 per barrel increase in price, as Iraq’s output stays near record levels. Loading arms at the terminal for Iraqi Continue Reading
A weaker-than-expected US manufacturing report halted an early-session crude oil price rally and swung futures into negative territory in midmorning trading Friday. Receive daily email alerts, subscriber notes & personalize Continue Reading
