There Is Still Room To Run For Oil Prices
“The oil market looks to be broadly balanced in 2019, an improvement on 2018 which turned out oversupplied,” Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note. Continue Reading
Oil set for weekly gain on trade optimism, OPEC-led supply cuts
Oil prices rose 1 percent on Friday, on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade Continue Reading
Oil eases after rally as trade talk hopes fade, China data weak
Oil prices were slightly lower on Thursday in see-saw trade, easing the day after a strong rally as investors were no longer encouraged by U.S.-China trade talks and as weak Continue Reading
Crude oil futures down on bearish US data, stalled by OPEC comments
Crude oil futures were lower during mid morning Thursday pressured lower by a bearish report on US product inventory data while comments by Saudi Arabia and UAE on OPEC cuts Continue Reading
Oil drops 1 percent on U.S.-China trade talks, American supply surge
Oil prices fell more than 1 percent on Thursday due to the lack of any clear resolution to U.S.-China trade talks and official data that again indicated vast fuel stocks Continue Reading
Oil rises above $60 after Saudis vow to stabilise market
Brent crude oil rose back above $60 a barrel on Wednesday, extending its recent rebound after Saudi Arabia’s powerful energy minister vowed to “stabilise” the market, though gains were capped Continue Reading
Oil up more than 4 percent on U.S.-China trade talk hopes, OPEC cuts
Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts Continue Reading
The Natural Gas Crash Isn’t Over
Natural gas prices have fallen sharply after spiking to multi-year highs in late 2018, and prices could fall further still. The U.S. entered the peak winter demand season with gas Continue Reading
OPEC cuts, US-China trade talks empower oil bulls
Crude futures settled higher Tuesday, extending the price rally for a seventh straight session amid growing evidence that OPEC supply cuts will tighten the market this year. ICE March Brent Continue Reading
Oil rises by over 1 percent on U.S., China trade talk optimism
Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a Continue Reading