2018: The Year Of The Oil Bulls
Oil started this year with further price gains despite the quick restart of the Forties pipeline and the equally quick repairs of a pipeline in Libya, where a pipeline blast Continue Reading
Moody’s sees oil prices at $40-$60 per barrel this year
Moody’s Investors Service said on Tuesday it expects oil prices in the range of $40 to $60 per barrel in 2018, with abundant supplies of U.S. natural gas constraining prices, Continue Reading
Oil prices open the year volatile on competing narratives
Crude oil prices started 2018 with a lack of direction as unrest in Iran, one of OPEC’s top producers, balanced against concerns for the world’s top economies. Iranian protests over Continue Reading
Geopolitical risk may be the factor to watch in 2018 for oil
A U.S. president eager to advance an agenda of energy dominance, and a market with no room for risk, means 2018 may be one for the geopolitical books. The New Continue Reading
Will Oil And Gold Prices Rise This Year?
Here’s what analysts said about the commodities. Oil prices expected to stay around $60, but could go as low as $30 Brent crude and West Texas Intermediate (WTI) prices both Continue Reading
Oil posts strongest year opening since 2014 as Iran unrest pushes up crude
Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led Continue Reading
Sharp Reversal: Natural-Gas Investors Are on Edge
In early December, short bets on natural gas by money managers, hedge funds and other speculative investors outnumbered long ones—indicating investors were expecting natural-gas prices to drop further. Investors wagered Continue Reading
Oil Tops $60 At Close of Year
Oil prices are set to close out the year up more than 11 percent, hitting their highest level since 2015. However, the road to higher prices was rocky. In the Continue Reading
Oil prices up as balance approaches
U.S. data showing the surplus on the five-year average in crude oil stocks at just 9 percent helped drive oil prices higher on the last trading day of 2017. Data Continue Reading
U.S. crude ends year above $60 on strong global oil demand
U.S. oil prices closed above $60 a barrel on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12 percent Continue Reading