Oil Market Turns Turbulent Heading Into Fall Season
West Texas Intermediate slid 2.9%, the biggest weekly decline since July, to $67.75 a barrel. That is after the U.S. crude benchmark had capped August with one of its sharpest Continue Reading
The Downside For Oil Is Limited
Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But Continue Reading
Canadian Crude Prices Plunge Once Again
Canadian crude prices are plunging once again as repairs were completed on Alberta’s second-biggest oil sands upgrader and production surged from a new mine. (Bloomberg) — Canadian crude prices are Continue Reading
Oil falls with weaker equities, stronger dollar
Oil prices fell on Friday for the third straight session, weighed down by a strong dollar, weakness in the equity markets, and Tropical Storm Gordon’s smaller-than-expected impact on U.S. Gulf Continue Reading
The End Of The Oil Price Rally
Oil prices are set for their largest weekly loss since July, due to fears of emerging market contagion and some bearish data from the EIA. Mixed EIA report, oil prices Continue Reading
Oil steady as U.S. crude inventories fall, products gain
Oil prices steadied on Friday as a rise in stocks of refined petroleum products offset a big fall in U.S. crude inventories to the lowest level since 2015. Brent crude Continue Reading
Oil dips on emerging market turbulence, but looming Iran sanctions support
Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese Continue Reading
Gordon’s path, emerging market concerns cool oil complex
The oil complex turned lower Wednesday as a weaker emerging market outlook combined with cooling concerns regarding the expected impact of Tropical Storm Gordon. Receive daily email alerts, subscriber notes Continue Reading
Oil Prices Inch Lower After API Reports Minor Crude Draw
The American Petroleum Institute (API) reported a draw of 1.17 million barrels of United States crude oil inventories for the week ending September 1, compared to analyst expectations that this Continue Reading
A Bearish September For Oil
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory Continue Reading