U.S. crude inventories forecast to drop 2.4 million barrels OPEC’s production climbed by 336,100 barrels a day in May Oil rebounded after dipping below $46 a barrel as estimates that Continue Reading
The downturn may be over, but the oil price crash has left behind potentially long-term consequences for the oil industry. In the wake of the oil price rout that started Continue Reading
Refineries leaving the market flush with gasoline and prices are lower year-on-year as a result, motor club AAA said in a weekly retail market report. File photo by Eduardo Sverdlin/UPI. Continue Reading
Crude prices rose for a second consecutive session Monday amid a supply disruption in Nigeria and as major producers said their deal to cut output is working. U.S. crude futures Continue Reading
Crude oil markets looked to future support with bargain hunters looking to wade back in Monday after last week’s loss of the $50 per barrel floor. Crude oil prices lost Continue Reading
The latest selloff in oil prices have left speculators in a predicament: The fundamentals continue to look poor with unimpressive drawdowns in crude oil stocks, but there is a general Continue Reading
Oil prices rose on Monday as futures traders bet the market may have bottomed after recent falls, even as physical markets remain bloated, especially from a relentless rise in U.S. Continue Reading
With U.S. investment managers and hedge funds reporting their quarterly equity positions ahead of the SEC deadline last month, some of the world’s largest asset managers are still taking bullish Continue Reading
Traders gesture while working in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange March 7, 2011. Hedge funds remain cautious on Continue Reading
Money managers’ net-long position at most bullish since April Longs rose, shorts declined, just before oil slumped 5 percent Crude markets are taking oil optimists by surprise yet again. Hedge Continue Reading
