Geopolitical Risk Premium Is Back In Oil
WTI and Brent jumped to one month highs on the news of U.S. airstrikes in Syria, and while direct risks to oil supply are limited, oil traders are on edge. Continue Reading
Oil Spikes as U.S. Strike Against Syria Roils Global Markets
Oil jumped as the U.S. cruise-missile attack against Syria roiled global financial markets. Futures in New York and London surged more than 2 percent to the highest in a month. Continue Reading
Oil Prices in New York, London Spike After Syria Attack: Chart
Oil prices shot up after the U.S. launched a cruise missile attack against Syria. West Texas Intermediate climbed as much as 2.4 percent to a one-month high of $52.94 a Continue Reading
Oil prices jump after U.S. launches missile strike in Syria
Oil prices soared by around $1 per barrel on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he Continue Reading
Oil prices edge up after dent from U.S. inventories
Oil prices edged up on Thursday, on track for a weekly gain of 3 percent, after recovering from losses triggered by record high U.S. crude inventories. Brent crude futures were Continue Reading
Oil Holds Steady as Traders in `Wait-and-See Mode’ on Stockpiles
Oil traded near $51 a barrel as investors weighed a surprise increase in U.S. stockpiles against OPEC-led efforts to reduce the global oversupply. Futures were little changed in New York Continue Reading
The Great Compromise In Crude Oil
Summary OPEC production declines. U.S. energy independence is for real. Producers satisfied with $50. Consumers satisfied with $50. A sweet spot for compromise. Henry Clay was the prominent figure in Continue Reading
Oil Rises as Refiners Pick Up Pace
Oil prices rose to a one-month high after U.S. data gave hope that the country’s building crude stocks would soon reverse direction and begin falling. Refinery activity rose well beyond Continue Reading
Natural Gas Jumps After Stockpile Data
Natural-gas prices rose to a two-month high after government data showed a smaller-than-expected storage addition for last week. The U.S. Energy Information Administration said natural-gas stockpiles grew by 2 billion Continue Reading
Oil Rises as Refiners Pick Up Pace
Oil prices edged higher Thursday after U.S. data gave hope that the country’s building crude stocks would soon reverse direction and begin falling. The latest weekly data from the Energy Continue Reading