Oil up as U.S. sanctions on Iran expected to tighten supply
Brent crude oil futures LCOc1 were up 50 cents to $74.25 per barrel at 0928 GMT (5.28 a.m. ET) and U.S. West Texas Intermediate (WTI) crude futures CLc1 were up Continue Reading
Oil up after OPEC sources say Saudi crude output fell
Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions Continue Reading
Goldman Sachs Expects “Very, Very Tight” Oil Market
Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele Continue Reading
Trade War Scares Hedge Funds To Cut Oil Bets To Two-Year Low
The escalating U.S.-China trade war is deterring hedge funds and other money managers from opening new positions in the WTI and Brent benchmarks, with total bets dropping to their lowest Continue Reading
Oil gains after monthly Saudi output shows surprise drop
Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its Continue Reading
Oil prices edge up after Saudi output dips, U.S. drilling stalls
Oil prices edged up on Monday as Saudi crude production took a surprising dip in July and American shale drilling seemed to plateau. Markets also anticipated an announcement from Washington Continue Reading
The Key Oil Price Driver By 2020
Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation, and manufacturing, middle distillates are Continue Reading
Oil prices pull back as trade tensions weigh on market
Crude futures pulled back on Friday, giving up gains from the previous session as trade concerns weighed on the market and fueled concerns about demand. U.S. West Texas Intermediate (WTI) Continue Reading
Oil Claws Back Some Of This Week’s Losses
Oil prices are set to close out the week slightly down, although WTI and Brent regained some lost ground on Thursday. Oil traders are trying to balance two competing narratives. Continue Reading
NYMEX September gas rises second straight day as storage concerns grow
NYMEX September natural gas futures rose 3.7 cents Friday to settle at $2.853/MMBtu, with the market finding support as supply concerns become more imminent going into winter. Receive daily email Continue Reading