Speculators cut U.S. natgas net longs for 5th consecutive week: CFTC
U.S. natural gas speculators cut their net long positions for a fifth week in a row on forecasts that the weather will remain warmer than normal for the rest of Continue Reading
Oil Prices Settle Higher After Stockpiles Report
Oil prices settled higher but didn’t break out of the narrow band they have traded in this year after government data showed the U.S. crude glut grew more slowly than Continue Reading
Oil Trades Near 19-Month High on Decline in Crude Flows to U.S.
Oil traded near the highest level since July 2015 as a drop in U.S. crude imports signaled that OPEC’s output cuts are taking effect. Futures in New York are set Continue Reading
Goldman Says Commodities Need Proof of Demand to Rally More
Are Commodities Approaching Last Inning of Cycle? Commodity markets will probably stay in a “holding pattern” until there are hard data showing real demand and shrinking stockpiles to support the Continue Reading
Why Oil Demand Forecasts Have Become A Guessing Game
Get yourself a ruler, a pencil and a piece of paper. Place the ruler at about 45 degrees and draw a line upward across the page. That’s what a chart Continue Reading
Goldman Sachs: Global Oil Inventories To Continue Dropping
Although crude oil inventories in the U.S. are expected to rise, the global oil market is showing signs of tightness and will continue to see crude stocks draw down, Goldman Continue Reading
Did Oil Inventories Just Peak?
After a bullish-tilted weekly EIA report, crude is holding onto gains – and once again bumping its head on the top of its trading range. As OPEC cuts and rising Continue Reading
Oil To $70? Or Down To $30?
Will oil prices rise to $70 per barrel this year or fall to $30? Depends on who you ask. Oil price forecasts are always all over the map, but the Continue Reading
Five Things We Learned This Week: Back to $30 Oil?
1) People Are Talking About $30 Oil Again Oil has been wavering around $56 a barrel for months, recovering in 2016 from the plunge that sent crude down to almost Continue Reading
Oil Rides Best Rally in 2 Months on Bets OPEC Will Hit Its Goals
Oil extended gains in its longest rally since the end of December on increasing confidence that OPEC’s supply curbs will outweigh a gain in U.S. crude stockpiles. Futures in London Continue Reading