Hedge fund oil bulls on the rampage as bears vanish: Kemp
Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near term, according to the latest positioning data published by Continue Reading
High oil price not the albatross it once was for US economy
The global oil price is trading at its highest price in more than four years, and it seems that a number of additional price spikes are on the way, as Continue Reading
Oil dips as U.S. drilling tempers otherwise bullish sentiment
Oil prices dipped on Monday as a rising U.S. rig count implied further increases in output, marking one of the few factors tamping back crude in an otherwise bullish environment. Continue Reading
Oil Settles Slightly Higher, Torn Between OPEC Meeting and Trump Comments
Oil prices closed little changed Friday, pulled between comments from President Donald Trump that high crude prices “will not be accepted” and a meeting between major oil producers where they Continue Reading
Oil Is Fast Approaching $70. Is the Economy Ready for It?
Oil prices are headed toward $70 a barrel, a weight on the U.S. economy that is bearable for now but could pose trouble if prices keep climbing. The last time Continue Reading
Will U.S. Shale Offset Soaring Global Oil Demand?
Oil has rallied sharply in recent days to see West Texas Intermediate (WTI) trading at just under $70 per barrel and Brent breaking through the $70 per barrel mark, with Continue Reading
Market to absorb higher oil prices, says Saudi Arabia
The global market has the capacity to absorb higher oil prices, Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh has said. Faleh’s statement at a meeting of oil producers Continue Reading
Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
Oil rose for a second straight week as OPEC’s commitment to rebalance the market and geopolitical risks to global supplies overshadowed U.S. President Donald Trump’s tweet on “artificially Very High” Continue Reading
Crude oil prices break from rally mode
With the U.S. president trying his hand at influencing commodity markets, the price of oil turned lower on Friday after a steady streak of gains. Crude oil prices are up Continue Reading
Hedge funds raise bullish bets on U.S. crude oil
Hedge funds and money managers raised bullish wagers on U.S. crude oil in the latest week, data showed on Friday, as prices rose with the risk of global supply disruptions Continue Reading