Near Term Oil Prices Can’t Go Much Higher
Looking back at the last couple of weeks’ price action in WTI one thing stands out. OPEC or no OPEC, the benchmark U.S. oil futures contract attracts plenty of sellers Continue Reading
Oil Speculators Most Bullish Since ’14 After Wild Two Months
Bets on falling WTI crude price drop 53% in three weeks: CFTC OPEC reached preliminary accord Sept. 28, next meeting Nov. 30 Oil investors must be getting dizzy. In the Continue Reading
Crude Cracks Below $50 On OPEC Silence
Oil is trudging tiredly lower into the weekend, exhausted after an onslaught of oil-specific releases and (another) week of ongoing OPEC rhetoric. Hark, here are five things to consider in Continue Reading
Oil Hits Ceiling At $50 Per Barrel
Crude oil is set to close out the week not much different from where it started, seesawing a bit along the way. Oil prices sank on EIA data showing rising Continue Reading
Oil Prices Edge Down Amid Large Global Inventories
Crude prices fell Friday amid concern about the persistent oversupply of oil and skepticism that major oil producers will be able to coordinate the production cut they agreed to last Continue Reading
Oil Declines on Dollar Strength, Rising U.S. Crude Stockpiles
Crude inventories increase for first time in six weeks: EIA OPEC, Russia to discuss road map for output levels this month Oil retreated as the dollar advanced to near a Continue Reading
OPEC Won’t Have Much Sway On Oil Prices
Offshore drilling platform by night In sticking with our recent $42-$50 forecast for WTI we underestimated the ability of OPEC + Russia to talk the market up while behaving bearishly. Continue Reading
International oil prices dip on production cut doubts
International oil prices dipped on Friday over doubts that a planned cut in crude production could be achieved on a scale sufficient to rebalance a market that has been oversupplied Continue Reading
No clear direction for oil prices after mixed EIA report
Crude oil prices searched for direction in early Thursday trading after the U.S. market turned back toward the supply side, though China showed higher demand. Crude oil prices moved lower Continue Reading
Natural Gas Prices Increase 72% In 6 Months
Natural gas prices are looking bullish as associated gas production falls The price of natural gas is up more than 72 percent in the last six months as drilling in Continue Reading