Is This The Most Crucial Factor For Oil In 2019?
The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for Continue Reading
World Bank Warns Of Extreme Volatility In Oil Markets
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of Continue Reading
Oil prices fall on global growth concerns, U.S. supply glut
Oil prices fell on Wednesday, pulled down by a U.S. supply glut and a drop in stock markets as China’s government warned of increasing economic headwinds and as Japan was Continue Reading
Oil Prices Sink On Surprise Inventory Build
The American Petroleum Institute (API) reported a crude oil inventory build of 5.36 million barrels for the week ending November 30, compared to analyst expectations of a draw in crude Continue Reading
Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal
A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below Continue Reading
Is This The Beginning Of The Next Bull Run In Oil?
It will be a busy few days for the oil market, and the week started off with a bang. Oil prices shot up on Monday on news that the U.S. Continue Reading
Oil jumps 2 percent on expectations of production cuts
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil Continue Reading
Oil surges almost 4 percent on trade truce, expected supply cuts
Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production Continue Reading
Oil Jumps On Trump-Xi Trade Truce
Crude oil began trading today with a 5-percent gain following favorable reports from G20, where Presidents Trump and Xi agreed on a 90-day truce and Russia’s Vladimir Putin said Russia Continue Reading
Canada’s Heavy Crude Prices Jump After Alberta Orders Production Cuts
“It’s a step in the right direction,” said Joan Pinto, an analyst with CIBC Capital Markets. “We’re dealing not with the symptom, but the problem.” Ms. Pinto said WCS’s rise Continue Reading