Oil futures settled up slightly on Thursday, well off session highs, after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline. Continue Reading
Seasonality is a concept well understood by the capital markets. Take adages such as “Sell in May and go away,” which reputedly has its origin in the North American mining Continue Reading
Russian Energy Minister Alexander Novak said a global pact by OPEC, Russia and other producers to cut oil output had dampened price volatility and was reducing bloated inventories, so no Continue Reading
Oil markets were firm on Wednesday on worries over geopolitical tensions in the Korean peninsula and the Middle East, although prices were capped as supply remains ample despite an OPEC-led Continue Reading
Crude oil prices edge lower as doubts persist over whether the OPEC-led effort to keep markets in balance has any durability. File photo by Monika Graff/UPI July 5 (UPI) — Continue Reading
Analysts at Raymond James invoked one of US President Donald Trump’s favorite phrases to explain oil’s descent into a bear market. (Bloomberg) — Analysts at Raymond James invoked one of Continue Reading
The American Petroleum Institute (API) handed oil markets a sliver of hope this afternoon by reporting a sizeable draw of 5.764 million barrels in United States crude oil inventories, compared Continue Reading
Russia to oppose any proposal to cut output further: officials U.S. crude stockpiles forecast to resume declines: survey Brent crude traded below $50 a barrel after ending the longest run Continue Reading
Hedge fund managers had amassed a record number of short positions in petroleum futures and options by the start of last week, which primed the oil market for a sharp Continue Reading
Oil markets were firm on Wednesday on worries over geopolitical tensions in the Korean peninsula and the Middle East, although prices were capped as supply remains ample despite an OPEC-led Continue Reading
