Oil prices jumped by over 1 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a Continue Reading
Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out by rising output in the United States. Brent crude Continue Reading
The market wants to trade a demand slow-down of the future, while ignoring the fundamentals of the present Until recently, 100m barrels a day of global oil-product demand seemed a Continue Reading
Oil prices were steady Monday ahead of next week’s meeting of global crude producers where an extension of output cuts is set to be discussed. Brent crude , the global Continue Reading
GasBuddy’s newest report pegs gas prices at their highest average since 2014, the year oil prices crashed from their highs of over $100 per barrel. Gasoline prices are up a Continue Reading
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer Continue Reading
Oil prices were steady Monday ahead of next week’s meeting of global crude producers where an extension of output cuts is set to be discussed. Brent crude , the global Continue Reading
Oil prices gained Friday after a week of losses, on fresh signs that Saudi Arabia plans to back an extension of OPEC’s deal to curb global production. Light, sweet crude Continue Reading
Renewed speculation over the next move from OPEC helped pull crude oil prices out of a slump on Friday, though many voices said U.S. shale may be the spoiler. “Khalid Continue Reading
Oil rebounded more than 2 percent on Friday after falling for five straight sessions as a major U.S. crude pipeline was shut and traders anticipated an OPEC deal to extend Continue Reading
