Oil prices fall as stock markets plunge
Oil prices fell on Thursday as Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011, with investors shedding risk in an uncertain Continue Reading
Crude oil futures fall continues, weighed by stock build, Saudi pledge; ICE Brent down to $75.11/b; NYMEX WTI $66.23/b
Crude oil futures prices extended yesterday’s dramatic sell-off on Wednesday morning in European trading as a sharp stock build and pledges from Saudi Arabia to sharply increase output continued to Continue Reading
EIA: Brent at $75, Iran production down a million barrels a day in 2019
The EIA said on Oct. 24, 2018 that it estimates Iranian production will be around 2.8 million barrels per day in 2019, lower than 3.8 million barrels in April, as Continue Reading
Crude oil futures rise as EIA reports lower build-up than API
Crude oil futures rose on Wednesday after the release of U.S. crude oil inventory levels by the Energy Information Administration indicated a smaller build-up than what had been reported a Continue Reading
What’s Behind The Latest Oil Price Plunge?
The mercurial nature of the oil market has flipped the mood in the past two weeks from hysterical expectations of severely reduced supply from Iran to concerns over the pace Continue Reading
Middle East Crude Oil Prices Tumble After Global Sell-Off
Tuesday’s massive sell-off in the global crude oil markets spread on Wednesday to the Middle East crude oil complex, where prices for December cash Dubai—the nearest month trading in October—plunged Continue Reading
Oil drops as Saudi pledges higher output, US equities open sharply lower; NYMEX WTI down to $67.45/b, ICE Brent $77.81/b
Crude oil futures price declines extended into mid-morning trading Tuesday after US equity markets opened sharply lower. NYMEX December WTI was down $1.91 at $67.45/b and ICE December Brent was Continue Reading
Oil extends drop, falling towards $75, on demand worries
Oil fell towards $75 a barrel to its lowest since late August on Wednesday, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on Continue Reading
Oil Price Losses Mount After API Reports Huge Inventory Build
The American Petroleum Institute (API) reported a huge build of 9.88 million barrels of United States crude oil inventories for the week ending October 19, compared to analyst expectations that Continue Reading
Oil Prices In Free Fall As Iran Fears Fade
Oil prices fell drastically Tuesday morning despite Iran sanctions still looming over markets. The rupture of Enbridge’s (NYSE: ENB) natural gas pipeline in British Columbia on October 9 disrupted the Continue Reading