Bullish oil bets fall to 11-month low
Hedge funds have cut their bullish position in crude oil and refined fuels to the lowest level for almost a year, as fund managers continued to close out former long Continue Reading
Oil prices stuck between supply fears, slow demand
The price of crude oil was stable ahead of the start of U.S. trading on Monday as supply-side fears balanced concerns about growth in the global economy. Iran announced Monday Continue Reading
What Caused Oil’s Longest Losing Streak In Years?
Oil prices seemed to have leveled off after seven consecutive weeks of weekly declines, the longest streak in years. But the next steps are unclear. In the battle over the Continue Reading
AAA: US Motorists Buying Less Gasoline, Paying Less for It
With some exceptions, motorists throughout the United States are gradually paying less for regular unleaded gasoline, the AAA reports. With some exceptions, motorists throughout the United States are gradually paying Continue Reading
Brent oil stabilizes near $72 as economic concerns weigh
Brent oil stabilized near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in Continue Reading
Oil Price Rise to Drive Up Drilling Globally
The rise in oil prices is feeding through into higher spending in the oil and gas sector and will continue to drive up drilling activity globally over the second half Continue Reading
WTI Set For Longest Weekly Losing Streak Since 2015
WTI Crude prices were up early on Friday but still headed for a seventh consecutive weekly loss— the longest losing streak since 2015 —as fears of escalating trade wars and Continue Reading
Crude futures settle higher on possible threats to supply
Crude futures settled higher Friday as the possibility of supply disruptions in Libya trumped last week’s US crude build. Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Oil rises but set for weekly loss on concerns over trade row
Crude prices edged higher on Friday, but retreated from session highs and were headed for another weekly decline on worries that oversupply would weigh on the U.S. market while trade Continue Reading
Top oil hedge funds suffer big losses after July price plunge: sources
Two of the world’s largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged by the most in two years, sources Continue Reading