Oil prices dip on persistent fuel supply overhang
Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut Continue Reading
Expert Commentary: 5 Reasons To Be Bullish On Oil
WTI traded in a bearish pattern once again this week taking out last week’s low print and settling $43.41 on Friday following an IEA report with bearishly adjusted supply/demand expectations, Continue Reading
Oil Price Back Where It Began After Week of Trump, OPEC Turmoil
After a week of swings driven by the surprise election of Donald Trump and speculation over OPEC’s intentions, oil prices were back where they started. Futures slipped 1 percent on Continue Reading
Oil prices dip on persistent fuel supply overhang
Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut Continue Reading
Oil Market Takes Stock After Wild Trading in Election Aftermath
Crude reversed 4% intraday slide Wednesday after shock victory ‘Relentless’ supply growth seen by IEA as non-OPEC recovers The oil market is taking a breather. A day after Donald Trump’s Continue Reading
Oil Market Takes Stock After Wild Trading in Election Aftermath
Crude reversed 4% intraday slide Wednesday after shock victory ‘Relentless’ supply growth seen by IEA as non-OPEC recovers The oil market is taking a breather. A day after Donald Trump’s Continue Reading
Oil prices steady as markets recover from Trump shock
Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, but investors were cautious ahead of a key OPEC meeting to Continue Reading
Oil Prices Fall as Early Results Signal Trump Strength in U.S. Election
The sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain,… Crude-oil prices dropped to a more than three-month low in mid-morning Asia trade on Wednesday Continue Reading
Money Managers Slash Long Positions On Crude Amid OPEC Disputes
Money managers have reduced their bullish crude oil bets due to disputes among OPEC members on how to implement the output ceiling agreed to in late September. Managers reduced their Continue Reading
Oil Falls Amid Global Market Turmoil as Trump Elected President
Oil declined as Republican Donald Trump was elected the 45th U.S. president, prevailing over Democrat Hillary Clinton in a victory that threw global markets into turmoil. Futures fell as much Continue Reading