The near-term outlook for oil is modestly bullish as the market continues to tighten significantly, Goldman Sachs said on Monday, helped by the impact of output cuts by producers in Continue Reading
Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce Continue Reading
Oil prices rose early on Friday, heading for a second weekly increase, driven up by optimism that the U.S. and China will forge a trade deal and that OPEC’s resolve Continue Reading
OPEC+ is taking massive amounts of oil off the market, allowing crude prices to post yet another week of gains. Oil is set to close out another week of gains, Continue Reading
Crude oil futures moved marginally lower during mid-morning trade in Asia Friday, amid a build reported in US crude inventory while news of Nigeria’s cooperation with OPEC to reduce output Continue Reading
Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. Despite this, prices remained just below Continue Reading
WTI and Brent futures finished the day lower. West Texas Intermediate (WTI) crude oil futures traded above the $57-mark for the second consecutive day Thursday but, again, fell short of Continue Reading
Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid an expected build of US crude stocks last week, while positive comments on the OPEC deal stalled the Continue Reading
The American Petroleum Institute (API) reported a build in crude oil inventory of 1.26 million barrels for the week ending February 15, coming in under analyst expectations that predicted a Continue Reading
