Hedge funds turn negative on oil
Hedge fund managers were net sellers of petroleum-linked futures and options for a fifth week running last week as concerns about sanctions on Iran evaporated and investors refocused on economic Continue Reading
U.S. Gas Prices Drop To Six-Month Low
U.S. gasoline prices dropped last week from the previous week by the most this year to their lowest level since April, according to GasBuddy, which monitors U.S. gas prices. The Continue Reading
Crude futures falls as Iran sanctions impact worries recede
Crude oil futures traded lower in mid-morning trade in Asia Monday despite the reimposition of US sanctions on Iran, as investors debated the potential impact of waivers for some importers. At Continue Reading
Oil slips as U.S. sanctions on Iran begin, Tehran defiant
Oil prices fell on Monday as U.S. sanctions against Iran’s fuel exports were softened by waivers allowing major buyers to import Iranian crude for a while, while Tehran said it Continue Reading
Oil rally faces tidal wave of supply
The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand Continue Reading
Oil Looks Set For A Rapid Bounce
WTI has recently experienced one of its biggest one-month declines in several years, having lost around eighteen percent since hitting a multi-year high of $76.90 last month. There has been Continue Reading
Trump Digs In for a Long, Cold War With Iran
President Trump has put Iran on notice that the punishing sanctions he plans to impose on Monday are just the opening salvo of an ambitious strategy to compel Tehran to Continue Reading
Why Trump Decided To Back Down On Iran
The Trump administration has finally faced up to what many knew all along: It won’t be able to take Iran’s oil exports down to zero. The U.S. is set to Continue Reading
Delta says price rises will help cover higher fuel costs
Ed Bastian, Delta Air Lines chief executive, says the airline expects to recoup $2bn in higher fuel costs this year partly by increasing ticket prices, thanks to continuing passenger demand Continue Reading
Oil drops 1 percent as U.S. allows Iran sanctions waivers
Oil prices fell about 1 percent on Friday and notched a weekly loss of over 6 percent, as investors worried about oversupply after the United States said it will temporarily Continue Reading