Oil Prices Are Set To Post Worst H1 Since 1998
A weaker dollar and lower U.S. crude oil production for last week are pushing oil prices up this week to their seventh consecutive trading session in the black, but crude Continue Reading
Oil Extends Rally as Record U.S. Shale Drilling Boom Stutters
U.S. crude production declined last week due to Gulf storm OPEC has no plans to discuss deeper supply cuts, U.A.E. says Oil extended the longest run of gains in six Continue Reading
Crude Slump Wipes $113 Billion From Oil Drillers
Investors swayed by prices rather than improved operations Energy sector is worst performer in MSCI World index this year Oil companies have spent three years slashing spending and firing workers Continue Reading
Crude oil prices firm, set for biggest weekly gain since mid-May
Sample bottle of crude oil are seen in this illustration photo June 1, 2017. Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending Continue Reading
Oil Caps Longest Winning Streak Since April as U.S. Output Slows
Production declined by 100,000 barrels a day last week: EIA Gasoline inventories fall; crude stockpiles unexpectedly rise Oil rose for a sixth day, its longest run of gains since April, Continue Reading
Oil prices rise to two-week high on dip in U.S. output
Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session, after a decline in weekly U.S. production eased concerns about deepening oversupply. Crude Continue Reading
Oil Prices Inch Higher As OPEC Exports To U.S. Crude Fall
Earlier in the week we discussed how lower Saudi export loadings in April are translating into lower arrivals on U.S. shores this month. This has prompted some to ask whether Continue Reading
Oil Rises as U.S. Gasoline Supply Increase Eases Glut Worries
Crude stockpiles rose by 117,999 barrels last week: EIA Gasoline inventories saw another decline amid supply concerns Crude oil prices gained as government data showed a drop in U.S. gasoline Continue Reading
Is A Big Move In Oil Prices Due?
In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period, Continue Reading
Economist predicts $60 oil “relatively soon”
We really don’t know where oil demand is going because we are not sure where the global economy is going. This is a situation most people skip when they look Continue Reading