Category: Prices

The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report Continue Reading

Crude oil futures were lower during mid-morning trade in Asia Monday amid a build reported in the US rig count data last week while ongoing trade tensions between the US Continue Reading

Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in U.S. drilling and concerns about demand due to the slow progress in Continue Reading

U.S. West Texas Intermediate oil futures are trading lower for the week, putting the market in a position to post a potentially bearish technical closing price reversal top on the Continue Reading

Oil futures were little changed on Friday, on track for losses on the week in renewed concerns about slowing global demand. Concerns over the ongoing trade dispute between the United Continue Reading

Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth.  Oil prices have been flat for several days, weighed down by Continue Reading

Crude oil futures were weaker during mid-morning trade in Asia Friday amid ongoing trade concerns between the US and China, while a forecast for a slowdown in economic growth in Continue Reading

Despite the crisis in Venezuela, which could shut in a lot more oil supply, global crude prices have been mostly flat for two weeks. Oil traders have weighed prospect of Continue Reading

Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Continue Reading

 Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand this year lent support, offsetting the negative impact of a rise in U.S. inventories. Continue Reading