The views expressed are his own.) Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. Brent calendar spreads have risen significantly over the last week, erasing an Continue Reading
Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market. Brent crude futures Continue Reading
Questions about what the U.S. president will do with oil-related sanctions on Iran and a drop in U.S. crude oil inventories sent oil prices higher on Wednesday. “A lot of Continue Reading
Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, Continue Reading
Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and the non-OPEC committee said, Continue Reading
Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U.S. output continued to weigh on markets. U.S. West Texas Intermediate (WTI) Continue Reading
Oil prices climbed to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the Continue Reading
Market participants are still using lower for longer oil price scenario as a base case. We explain why oil prices have to move to a level where the bull thesis Continue Reading
With gas prices about 10 percent higher than they were at this point last year, the situation may be near the point of U.S. economic strain, an analysis found. Motor Continue Reading
Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Continue Reading
