Investors see commodities as an inflation hedge. JPMorgan: Higher money allocations to the commodities asset class “would imply another 30% to 40% upside for commodities from here. So far this Continue Reading
Crude oil futures were higher in mid-morning Asian trade April 7 as investors returned to buy the dips after news of IEA members agreeing to a 120 million barrels oil Continue Reading
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight Continue Reading
Crude oil prices fell today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to April 1. This compared with a draw of Continue Reading
Global oil supply, demand and prices have become clear, despite the fog of war. Global oil supply, demand and prices have become clear, despite the fog of war, according to Continue Reading
U.S. Treasury Secretary Janet Yellen said on Wednesday that sanctions imposing a full ban on Russian oil exports would likely result in “skyrocketing” global prices that would hurt the United Continue Reading
Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude Continue Reading
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 1.080 million barrels, compared to analyst predictions of a 1.558 million barrel draw. U.S. crude Continue Reading
The cost for Latin American countries to import diesel via vessel from the United States is rising due to limited supply and increased freight costs, according to shipping sources and Continue Reading
U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend Continue Reading
