Moody’s Lifts Oil Price Forecast On Robust Demand Growth
Moody’s Investors Service raised on Tuesday its price band for crude oil in the medium term to $45-$65 per barrel from $40-$60 a barrel, as continued OPEC cuts and strong Continue Reading
Is Another Oil Price War Looming?
All of these projections have one thing in common: Over the next few years, U.S. production growth is going to far outstrip OPEC’s production growth. As a result, the U.S. Continue Reading
Tillerson ouster bullish for oil, analysts say
The departure of Rex Tillerson as the top U.S. diplomat could end the Iranian nuclear deal and send oil prices sharply higher as a result, analysis finds. U.S. President Donald Continue Reading
Oil falls as rising U.S. output outweighs strong China data
Oil prices extended falls from the previous two days on Wednesday as soaring U.S. production outweighed strong China data that makes more imports by the world’s biggest crude buyer likely. Continue Reading
U.S. crude falls 1 percent on concerns over rising output
Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Continue Reading
Crude oil slips on OECD trade concerns
Crude oil prices drifted lower in early Tuesday trading amid warnings that emerging trade tensions could undermine an otherwise rosy economic outlook. Crude oil prices slipped in Monday trading as Continue Reading
U.S. 2018 oil producer hedging above normal levels: Goldman Sachs
Oil producers in the United States have continued to add to their hedge positions for 2018, which has surpassed the historical averages due to an increase in oil futures prices, Continue Reading
Oil Prices Steady After API Reports Smaller Than Expected Build
The American Petroleum Institute (API) reported a moderate build of 1.156 million barrels of United States crude oil inventories for the week ending March 9, according to the API data. Continue Reading
Oil prices dip on relentless rise in U.S. crude output
Oil prices dipped on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were Continue Reading
Oil prices move lower after Friday’s rig-powered surge
Crude oil prices slipped into negative territory early Monday, following big gains last week, as broader international trade concerns spill into commodities. Oil prices shot up more than 3 percent Continue Reading