Crude futures rose on Tuesday, hovering above a five-month low, as investors bet on more production cuts by major producers, in the hope that global stockpiles will be reduced. Brent Continue Reading
Nationwide supplies forecast to drop by 2 million barrels OPEC ministers said to have discussed deeper supply cuts Oil held gains before government data forecast to show U.S. crude stockpiles Continue Reading
Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand, Continue Reading
It’s time we prepare ourselves. It may actually be different for oil this time… Yeah, I know. It’s an article of faith for investors. Anytime you hear someone say, “It’s Continue Reading
U.S. raises prospect of sanctions after Maduro’s move Loss of major trade route would raise prices for both Venezuela would be hit from two directions if the U.S. were ever Continue Reading
One recent afternoon at a Shell-branded station on the outskirts of this Dutch city, the price of a gallon of unleaded gas started ticking higher, rising more than 3½ cents Continue Reading
WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply, demand and inventory fundamentals. (Click Continue Reading
Money managers least bullish on WTI crude in five months Longs fell, shorts surged just before oil took near 5% tumble Hedge funds jumped out of the oil market just Continue Reading
Saudi Arabia’s energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during Continue Reading
-We’re viewing this week’s flat price damage as a function of bullish frustrations and momentum chasing rather than new bearish fundamental revelations. In short, we think the market became impatient Continue Reading
