Bakken crude differentials for delivery in July rose sharply Wednesday to multi-month highs, flipping to a premium to the NYMEX WTI calendar-month average amid further widening Brent-WTI crude spreads, with Continue Reading
Oil slipped towards $75 a barrel on Wednesday, under pressure from expectations OPEC and its allies will pump more and as Italy’s political crisis increased investors’ aversion to risk. A Continue Reading
U.S. oil prices extended their recent declines Tuesday, with some investors still worried about the impact of higher supply with two of the world’s largest producers nearing an agreement to Continue Reading
Oil prices are trading at levels not seen since late 2014, defying what is often a considerable obstacle to crude and other commodities rallying: a stronger dollar. A firmer greenback Continue Reading
After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to Continue Reading
Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. Brent crude futures LCOc1 were down Continue Reading
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains showed no sign of slowing. Brent crude futures LCOc1 stood Continue Reading
Goldman Sachs continues to be bullish on oil despite the most recent market turbulence that saw prices plummet after reports that Saudi Arabia and Russia are discussing lifting the pact’s Continue Reading
The last four days have seen WTI Crude prices plunge almost 10% from their cycle peak near $73 to a $65 handle overnight. This is the longest run of losses Continue Reading
The U.S. is producing more oil than ever, but when it comes to pulling the strings of the market, Saudi Arabia is still king. Oil is flowing from shale fields Continue Reading
