Oil edges up on Saudi output cut and Iran sanctions
Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, though concerns over a slowdown in global economic growth kept a lid on markets. Benchmark Continue Reading
Oil Closes Slightly Lower After Volatile Session
Oil prices erased most of their losses and closed slightly lower Monday as traders faced increased OPEC production and a stronger dollar. Light, sweet crude for September delivery closed down Continue Reading
Oil edges lower as Cushing build adds to demand fears
Oil prices fell on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will Continue Reading
The Real Reason Behind The Next Oil Squeeze
The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify. Continue Reading
Oil steady as emerging market woes dim demand outlook
Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. Benchmark Brent Continue Reading
Oil Prices Take A Breather As Supply Jumps
The IEA said in a new report that more supply from Saudi Arabia and Russia has eased supply concerns, but that the current lull in the oil market might only Continue Reading
Oil up on Iran sanctions but set for weekly decline
Oil prices rose more than 1 percent on Friday as U.S. sanctions against Iran looked set to tighten supply, but futures remained lower for the week as investors worried that Continue Reading
$90 Oil Is A Very Real Possibility
U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year. The first round of U.S. sanctions on Iran just took effect, a slew of Continue Reading
US-China trade war doesn’t change the bull case for oil, Goldman’s commodity chief says
The chief commodity researcher at Goldman Sachs says the bull case for oil remains in tact despite an escalating trade dispute between the world’s two biggest economies that has stoked Continue Reading
IEA: Supply-side concerns fade, effects of U.S. sanctions unknown
Concerns about the lack of available oil on the market have faded, but it may be the calm before a storm triggered by U.S. sanctions, a market report found. “Concerns Continue Reading