U.S. oil prices hit their highest levels since mid-2015 on the final trading day of the year as an unexpected fall in American production and a fall in commercial crude Continue Reading
Amid a mixture of news pulling oil prices in opposite directions the Energy Information Administration reported another draw in U.S. crude oil inventories for the week to December 22. The Continue Reading
Oil price volatility continues to dive, dropping to a three-year low as 2017 comes to a close. The CBOE Crude Oil Volatility Index (OVX) recently dipped below 20, a level Continue Reading
Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for oil prices in 2018, and Continue Reading
The American Petroleum Institute (API) reported a draw of 6.0 million barrels of United States crude oil inventories for the week ending December 22, marking four large draws in as Continue Reading
Oil markets eased off a 2½-year high Wednesday after a pipeline blast in Libya disrupted supplies and caused a price spike. U.S. crude futures fell 33 cents, or 0.55%, snapping Continue Reading
Crude oil prices settle back into negative territory as traders turn their focus toward operations in the North Sea. File photo by Brian Kersey/UPI Dec. 27 (UPI) — Crude oil Continue Reading
The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the Continue Reading
JPMorgan favors Brent Dec.-Dec. spread as stockpiles shrink OPEC, non-OPEC supply curbs compete with record shale output Oil traders are going to have their work cut out in 2018. OPEC Continue Reading
OPEC and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Continue Reading
