Category: Prices

Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast.  Brent crude futures Continue Reading

Crude closed lower as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela. Futures fell 0.3 percent in New York on Friday. Oil ministers from Saudi Arabia and Continue Reading

While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading

Is the economy in for a jolting “oil shock”? Today we wander out to the tail end of the bell curve… look around for black swans… and raise scandalous questions. Continue Reading

Iranian oil production levels are static, showing U.S. sanctions pressures have yet to materialize.  With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, Continue Reading

Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and Continue Reading

Oil futures rebounded Thursday as the combination of dollar weakness and equity strength helped prevent further declines. ICE Brent veered into technically oversold territory this week, according to a Bollinger Continue Reading

Concerns about the lack of supply from Iran and Venezuela re-emerged early Thursday to push the price of crude oil sharply higher. Crude oil prices moved in the volatile territory Continue Reading

Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at Continue Reading