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
Last December, Credit Suisse Group AG (CS), closed two very popular ways of betting on oil to the public. Both were exchange-traded notes (ETNs) pegged to oil prices, and both Continue Reading
U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are Continue Reading
Market to be balanced in first quarter of 2018: Russia’s Novak Saudi minister sees stockpiles falling faster in coming months A deal among oil-producing countries to curb production and balance Continue Reading
Oil prices continued to slide on Friday, adding to sharp declines from earlier this week as evidence mounted that a fuel supply overhang continued despite an ongoing effort led by Continue Reading
Crude-oil prices have declined almost 9% in the past three weeks, moving decisively below $50 a barrel and forcing investors to reassess whether supply and demand will reach a more Continue Reading
– Over the last three weeks strong WTI spreads served as a key reminder of bullish fundamental expectations as flat price sold off sharply. This week’s collapse in prompt and Continue Reading
Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push prices downwards. Another increase in the rig count Continue Reading
Looking for an excuse to pack up the car for a road trip this weekend? Look no further: The average nationwide gasoline price on Friday was the lowest for this Continue Reading
Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for Continue Reading
