Traders See Higher Oil Prices In The Long Term
Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80 a Continue Reading
Oil prices slip on potential easing of OPEC supply curbs
Oil prices eased on Wednesday as the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs. Brent LCOc1 futures Continue Reading
Crude Prices Suppressed As API Reports Gasoline Build
As the price of Brent Crude hovers near the $80 mark, the American Petroleum Institute (API) reported a draw of 1.3 million barrels of United States crude oil inventories for Continue Reading
Supply-side triple shock sends oil prices higher
Forecasts of lower U.S. crude oil inventories, on top of fears of a lack of supply from Iran and Venezuela, pushed oil prices higher in early Tuesday trading. Crude oil Continue Reading
Brent rises on supply concerns, U.S.-China trade worries weigh
Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump saying he Continue Reading
Gas prices could be impacting U.S. travel plans
Gas prices this coming Memorial Day weekend will be the highest in four years and likely start to dent the summer travel season, industry experts said. Motor club AAA reported Continue Reading
Forget About Oil at $80. The Big Rally Is in Forward Prices
Some investors bet that the “lower for longer” price mantra is all but over. (Bloomberg) — Brent crude oil grabbed all the attention after spot prices hit $80 a barrel Continue Reading
Oil prices caught between U.S. policies on Iran, China
Oil prices moved slightly higher in early Monday trading on easing U.S.-Chinese trade tensions, but could rally higher on heightened U.S.-Iranian tensions. After a weekend of trade work, U.S. Treasury Continue Reading
Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears
U.S. oil prices are lagging behind global oil prices climbing toward $80 a barrel, the latest sign of a market that has gone from glutted to exceptionally tight in the Continue Reading
$80 Oil Could Kill Smaller Airlines
The airline industry is heading for rising fuel costs as crude oil prices surge, and the weakest of the European airlines may not make it through the winter, Michael O’Leary, Continue Reading