Oil rises 1 percent ahead of shortfall in Iran supply
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force Continue Reading
Brent prices dip while U.S. crude oil supplies exceed analyst expectations
Brent crude oil prices fell slightly Wednesday but are still hovering near a four-year high while U.S. crude oil supplies had a surprise increase. Brent was trading at $80.67 , Continue Reading
Oil eases, but Iran sanctions keep Brent above $80 a barrel
Oil prices eased on Wednesday after U.S. data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 a barrel Continue Reading
Goldman Sachs: Oil Prices Won’t Hit $100
The supply outages in Iran combined with the decision by OPEC+ not to take further action to offset the declines pushed Brent to multi-year highs this week, and led to Continue Reading
Brent/WTI spread widens to $9.81/b after US crude oil inventory build
The ICE Brent/WTI spread widened during mid-morning trading as a steep decline in refinery utilization weighed on US crude oil futures. Receive daily email alerts, subscriber notes & personalize your Continue Reading
Oil Markets Unimpressed By Small Crude Build
A day after the American Petroleum Institute reported an inventory build that some traders took as a surprise and started selling their oil holdings, the EIA confirmed a build, at Continue Reading
$80 Oil: Increased Investment Or Demand Destruction?
Amid all of the talk and conjecture of where global oil prices are heading, Shell CEO Martin van Beurden said yesterday that $80 per barrel is not an unreasonable price. Continue Reading
Oil Price Rally Hits Asia Where It Hurts
Rising oil prices are pushing up prices for fuels in Asia, and this is coming at a bad time; many Asian currencies are depreciating as economic growth falters. This is Continue Reading
U.S. gasoline prices at seasonal four-year high ahead of midterm elections
U.S. gasoline prices are sitting at four-year seasonal highs headed into the November midterm elections, even as President Donald Trump has called repeatedly for OPEC to push prices lower. While Continue Reading
Brent oil trades near four-year high, but U.S. crude retreats
Brent crude was trading around its highest in nearly four years on Wednesday, while U.S. crude futures fell as Washington tried to assure consumers that the market would be well Continue Reading