Supply from U.S. shale basins seen rising 131,000 b/d in April WTI front spread near contango as Cushing stocks seen steadier Oil fell on speculation that growing shale production will Continue Reading
Hedge funds have resumed liquidating their bullish long positions in crude oil and refined fuels amid more signs that the earlier rally in prices has fizzled out. Hedge funds and Continue Reading
Oil prices fell Monday, weighed down by concerns about a rapid rise in U.S. crude output as cracks emerged in OPEC’s united front on output cuts. Light, sweet crude for Continue Reading
Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict that could sow the seeds of the agreement’s demise over the course Continue Reading
Oil prices gave up earlier gains on Monday as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity. U.S. West Texas Intermediate (WTI) crude futures were Continue Reading
A flurry of recent oil market forecasts have sent a lot of mixed messages about what to expect both in the near-term and over the next several years. Is U.S. Continue Reading
Oil has had a bumpy week, but following the news that Trump would allow some keep exceptions to the tariffs, along with a strong jobs report and falling U.S. oil Continue Reading
Oil futures and the U.S. stock market moved up Friday after a strong job growth report and continuing diminished fears of a trade war because certain countries were exempted by Continue Reading
Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korea’s Kim Jong Un and U.S. President Donald Trump. Kim also Continue Reading
Oil prices fell on Thursday, headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging Continue Reading
