Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source Continue Reading
Oil traded near $54 a barrel as increased tension between Iran and the U.S. countered expectations of rising American production. Futures rose 0.3 percent in New York, extending a third Continue Reading
Oil prices edged up on Monday on fears that new U.S. sanctions against Iran could be extended to affect crude supplies, but markets were capped by further signs of growing Continue Reading
Donald Trump and global crude producers are set to take prices on a bumpy ride this year, according to the world’s biggest independent oil trader. As investors are kept on Continue Reading
A closely watched indicator in the oil market is signaling that a supply glut may be easing, a development that could help boost crude prices. This market gauge refers to Continue Reading
The market remains caught between preliminary OPEC data which revealed significant production cuts from six members and Russia in January and poor US data which continues to show way too Continue Reading
Oil prices closed higher on Friday, as investors hoped that the output cuts by major producers would continue to chip away at global oversupply. Light, sweet crude for March delivery Continue Reading
U.S. Imposes Fresh Sanctions on Iran Oil capped a third weekly gain as the U.S. imposed fresh sanctions on Iran after a missile test and OPEC reached about 60 percent Continue Reading
Oil prices edged up on Friday on news that U.S. President Donald Trump could be poised to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two Continue Reading
Could lead to non-North Sea oil being part of calculation The exchange that’s home to Brent crude futures hired a consultant to discuss with traders, banks and other market participants Continue Reading
