$70 Oil Could Spark An Offshore Oil Boom
Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for influence and position in the Middle Continue Reading
What Trump’s New Appointment Means For Oil Prices
President Trump fired his National Security Advisor H.R. McMaster on Thursday and replaced him with a staunch proponent of war . The appointment significantly raises the odds of a clash Continue Reading
Oil Rises on Falling Supply, Prospects of Iran Sanctions
Oil prices closed at the highest level in eight weeks on Friday, lifted by declining global supply along with the possibility of fresh Iran sanctions. Light, sweet crude for May Continue Reading
Oil Jumps as Trump’s Hawkish Appointment Trips `Bolton Premium’
Crude in New York posted biggest weekly gain since July Trump appointed John Bolton as national security adviser Crude posted its biggest weekly gain since July as the appointment of Continue Reading
Crude ticks higher on OPEC cut extension talk; ICE Brent hits $70/b overnight, slips back to $69.02
Crude oil futures continued to tick higher in the European morning session Friday following comments from Saudi Arabia that the OPEC-led crude production deal would be extended and international trade Continue Reading
Geopolitical risk drives oil prices higher
Concerns about war-drumming with the latest shake-up in the Trump administration send the price of crude oil higher in early Friday trading. Geopolitical risk emerged Friday to drive oil prices Continue Reading
Explainer: China aims to challenge Brent, WTI oil with crude futures launch
The launch of China’s yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world’s largest energy consumer more Continue Reading
Oil prices rise as Saudi says production curbs could last into 2019
Oil prices rose by around 1 percent on Friday, pushed up by Saudi plans for OPEC and Russian-led production curbs introduced in 2017 to be extended into 2019 to further Continue Reading
Crude oil prices retreat in sell-off action
Crude oil prices retraced their steps following a major rally that extended over two consecutive trading days. Crude oil prices retraced steps Thursday after two consecutive days of gains as Continue Reading
Oil retreats after failing to hit $70/barrel
Oil prices fell on Thursday as investors took profits after this week’s rally and as U.S. stock markets fell, but losses were limited by the continuing efforts of OPEC and Continue Reading