Surprise Crude Oil Draw Sends Oil Prices Higher
The American Petro l eum Institute (API) reported a surprise draw in crude oil inventory of 4.2 million barrels for the week ending February 22, coming in under analyst expectations Continue Reading
Oil Inches Higher Ahead Of Inventory Data
Oil prices opened the week lower after U.S. President Donald Trump asked OPEC to ‘’take it easy’’ on the production cuts, but recovered somewhat on Tuesday morning Chart of the Continue Reading
With OPEC likely to ignore Trump, oil prices edge up
Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S. President Donald Trump, who criticized the producer group for rising crude prices Continue Reading
Crude oil futures slip on expected US crude stock build; Trump’s tweets
Crude oil futures were lower during mid-morning trade in Asia Tuesday, extending the downtrend from the previous trading session, triggered by the US President’s latest tweets on “oil prices getting Continue Reading
Trump warns Saudi Arabia on oil prices as focus turns to re-election: Kemp
U.S. President Donald Trump has warned OPEC not to tighten the oil market too much and risk another spike in prices that could harm the global economy – and his Continue Reading
Oil slumps 3 percent after Trump again criticizes OPEC
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing Continue Reading
Goldman: Brent Oil To Reach $70-$75 Soon
As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding the Continue Reading
Vitol Sees Higher Oil Prices As Heavy Crude Supply Shrinks
Commodity trading major Vitol expects crude oil prices to rise further as U.S. sanctions on Venezuela and OPEC production cuts squeeze the global supply of heavy crude, Vitol’s chief executive, Continue Reading
Oil dips amid record U.S. exports, but trade talk hopes offer some support
Oil prices dipped on Monday, dragged down by plentiful supply as U.S. exports soar and compete with traditional producers from the Middle East in key markets such as Asia. But Continue Reading
Oil Markets Move From ‘Undecided’ To ‘Bullish’
The growing optimism in the oil market in recent weeks has resulted in tangible evidence that traders expect an increasingly tighter crude market going forward this year. Oil market participants Continue Reading