Category: Prices

A basic review of the chart for oil futures (CL) suggests that crude is about to take off. Whether the next move from here is up or down, providing a Continue Reading

Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment. Continue Reading

Oil prices rose somewhat on Friday morning, but gains were capped by uncertainty about the U.S. China trade deal, a rising rig count and concerns about global economic growth.  The Continue Reading

Crude oil futures were higher during mid-morning trade in Asia Friday despite a larger-than-expected build reported in US crude inventory, as markets continued to focus on ongoing geopolitical tensions between Continue Reading

Oil prices edged up on Friday as turmoil in Venezuela increased the chances of tighter global supply if the United States makes good on signals that it could impose sanctions Continue Reading

On New Year’s Day, President Trump tweeted: (Click to enlarge) President Trump’s tweet on gasoline prices. I have written many times about the limited impact a sitting President can have Continue Reading

 Oil prices rose on Thursday, boosted by the U.S. threat of sanctions on OPEC member Venezuela, but gains were limited by U.S. data showing record-high gasoline record-highs and an unexpected Continue Reading

Oil prices this year will be influenced primarily by the health of the global economy, which is why prices have closely tracked equity and bond markets in recent months. U.S. Continue Reading

The oil market is heading towards rebalancing this year, most analysts seem to think , with OPEC+ production cuts, combined with a potential slowdown in U.S. shale eating away at Continue Reading