Nationwide crude inventories fell by most in five weeks: EIA Cushing storage at lowest since 2014 as crude exports surge Oil surged to the highest in two weeks as American Continue Reading
Oil prices dipped on Monday as soaring North American production was seen undermining efforts led by OPEC and Russia to tighten supplies. Despite this, traders said overall market conditions remained Continue Reading
As I write this, West Texas Intermediate (WTI) is above $66 a barrel while Brent crude is breaching $71 a barrel for the first time since December 2014. That means, Continue Reading
Because Cape Town sits between picturesque beaches and mountains, it is a favored travel destination . And, its weather during the summer is described as “almost too perfect.” That’s in Continue Reading
Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices. Brent crude futures settled up 10 Continue Reading
A weaker greenback is seen supporting crude oil prices Hedge funds boost net-bullish Brent bets to record high Oil just got an extra tailwind from a weakening dollar as this Continue Reading
Oil prices reversed earlier falls on Friday as ongoing weakness in the U.S. dollar was seen supporting fuel consumption. Brent crude futures were at $70.40 per barrel at 0756 GMT, Continue Reading
Energy stocks are finally catching up to the rally in crude prices, a sign that investors are increasingly positive about the long-term prospects of oil companies. Accelerating global growth has Continue Reading
Oil prices rose this week on the back of a weakening dollar – thanks to comments from the U.S. Treasury Secretary supporting a weaker greenback – and ongoing declines in Continue Reading
Front-month ICE Brent and NYMEX crude oil futures spiked overnight, breaching the $70/b and $66/b levels, respectively, and extended their bull run Thursday morning in Asia on a weaker US Continue Reading
