Oil Market Loses Its Bullish Edge
Oil markets are calming down after several weeks of bullish news, with Goldman Sachs now saying that crude is unlikely to break $100 per barrel. The most vital industry information Continue Reading
Crude oil futures edge higher on bargain hunting, Saudi data
Crude oil futures were higher during mid-morning trade in Asia Friday amid mild bargain hunting after an overnight fall, while data on Saudi Arabia’s crude production and exports also provided Continue Reading
Oil Markets Tremble As Chinese Stocks Crash
China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy. The Shanghai Composite Index fell nearly Continue Reading
Oil Prices Could Fall Further on Rising U.S. Oil Supplies, OPEC Report Says
The buildup, “amid the upward trend in US crude oil production, could be a bearish factor for oil prices in the coming few weeks,” the report said. OPEC’s assessment came Continue Reading
WTI prices dip below $70 mark as free fall continues
Crude oil prices fell again Thursday with WTI prices falling below $70. Photo by James Jones Jr./Shutterstock/UPI Oct. 18 (UPI) — Projections of $100 oil at the end of 2018 Continue Reading
Top Oil Trader Still Sees Higher Prices In 2019
Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was one Continue Reading
Growing U.S. Oil Exports Make WTI Nearly 24-Hour Benchmark
The crude oil futures market has felt the rise of U.S. crude oil exports with growing volumes of West Texas Intermediate futures and options traded in Asian and European hours, Continue Reading
Crude oil futures dip on US stock build as supply concerns stem fall
Crude oil futures were lower during mid-morning trade in Asia Thursday after a build in US crude stocks as ongoing global supply concerns blunted further declines. At 10:45 am Singapore time Continue Reading
Oil slips below $80 on rising U.S. stockpiles
Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. FILE Continue Reading
U.S. crude slumps below $70 a barrel after large stock build
Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 million barrels, almost triple Continue Reading