The Petrodollar Isn’t Dead Yet
Few geoeconomic game-changers are more spectacular than yuan-denominated future crude oil contracts – especially when set up by the largest importer of crude on the planet. And yet Beijing’s media Continue Reading
Oil Prices Near $70 On Geopolitical Uncertainty
Oil prices closed out the first quarter on a high note, with Brent hovering around $70 and WTI at $65. Rising geopolitical concerns – declines in Venezuela and fears that Continue Reading
Oil, gas markets close week mixed amid optimism on U.S. production
After an up-and-then-down week, oil and gas markets closed slightly higher Thursday ahead of the Easter holiday weekend. All major U.S. and European stock exchanges and markets were closed Friday Continue Reading
Shanghai oil on par with U.S. market as local traders bet on lower prices
Shanghai crude oil futures fell further on Thursday and were at parity with the U.S. market, as state oil majors and local traders piled on more bearish bets amid concerns Continue Reading
Oil prices rise with Wall Street; U.S. crude discount widens
Oil prices rose on Thursday as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs. WTI’s discount Continue Reading
Oil to rise in 2018 as OPEC wages tug-of-war with U.S. shale: Reuters poll
(Reuters) – Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the Continue Reading
Oil prices rise as OPEC seen continuing supply cuts through 2018
Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019. U.S. Continue Reading
Oil falls about 1 percent after surprise U.S. crude build
Oil prices fell about 1 percent on Wednesday after data showed U.S. crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment. Brent June crude futures LCOc2 Continue Reading
Over-supply concerns drag oil lower early Wednesday
Over-supply concerns on Wednesday spoiled the rally that pushed oil prices above $70 per barrel in recent sessions, though continued recovery is expected. Crude oil prices spiked earlier in the Continue Reading
Barclays: Expect $51 Oil This Year
As oil continues to pair Monday gains on soaring U.S. crude inventory, Barclays is calling a $51-per-barrel price on WTI by the third and fourth quarters of this year, and Continue Reading