WTI net-long position little changed, CFTC report shows Money managers raise bullish stance on gasoline, diesel Oil hasn’t been so tedious in a long time, and hedge funds just don’t Continue Reading
Oil prices were steady early on Monday, supported by strong demand and falling inventories, but still under pressure from high output. Brent crude futures, LCOc1 the international benchmark for oil Continue Reading
Oil prices were steady early on Monday, supported by strong demand and falling inventories, but still under pressure from high output. Brent crude futures, LCOc1 the international benchmark for oil Continue Reading
Market sentiment has been fickle throughout summer, and despite the recent plateauing of oil prices, the IEA reassured everyone in its new monthly report that things are still proceeding apace. Continue Reading
Crude futures turned from losses to gains Friday, recovering from a selloff after the International Energy Agency revised its historical demand figures lower, indicating oil supplies might not be as Continue Reading
Crude oil prices drifted lower early Friday after a report from the International Energy Agency said the markets were balancing, but it’s a stubborn process. Oil prices rallied early in Continue Reading
IEA sees OPEC’s commitment to clearing global glut fading Agency reduced demand estimates for this year and 2018 Start your day with what’s moving markets in Asia. Sign up here Continue Reading
Oil prices were down at the end of the week on fears of lingering oversupply. The U.S. reported a strong drawdown in crude inventories and flat production, although those bullish Continue Reading
The EIA reported another strong week of inventory declines in its most recent data release, revealing a drawdown of 6.5 million barrels for the week ending on August 4. That Continue Reading
Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Investors were also keeping a close eye on the broad market Continue Reading
