Oil on Brink of Bull Market Amid Saudi Stabilization Talk: Chart
Saudi Arabia’s helping oil back to the verge of a bull market. Brent is nearing a 20 percent increase from its previous low, the common definition of a bull run, Continue Reading
WTI’s Discount to Global Benchmark Widens Amid Crude Glut: Chart
West Texas Intermediate crude oil hasn’t been so cheap relative to Brent, the global benchmark, since December. That’s because the supply situation in the U.S. is more ample than what Continue Reading
The 100,000-Barrel Oil Output Increase That Didn’t Really Happen
Weekly data adjusted to end ‘disconnect’ with monthly report U.S. weekly oil production based on model except for Alaska U.S. crude oil production is holding up better than the government Continue Reading
Oil traders rush to secure vessels as U.S.-Europe export arb opens
A rare opening of an export window for crude moving from the U.S. Gulf to Western Europe has caused a flurry of interest among oil traders, with at least two Continue Reading
Oil Falls From Five-Week High Amid Sustained U.S. Fuel Glut
Gasoline stockpiles rose 2.18 million barrels last week: API WTI climbed 12% previous four sessions, most since April Oil slipped from the highest closing price in five weeks as industry Continue Reading
Oil prices fall on doubts that producers can agree output restraint
Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted a successful outcome from producer talks to rein in ballooning oversupply. International Brent crude oil futures were Continue Reading
Oil Prices Rise on OPEC Hopes, Weaker Dollar
Oil prices rose to a fresh one-month high Tuesday as news that Russia plans to meet with the Organization of the Petroleum Exporting Countries in October buoyed hopes that major Continue Reading
Oil remains near five-week high on expectation of producer action
Oil prices remained near five-week highs on Tuesday, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the Continue Reading
Volatility ahead for U.S. crude as investors split bets
U.S. crude oil is set for a volatile path ahead as both bullish and bearish wagers soar to record levels, with even large Wall Street banks at odds over future Continue Reading
Oil Stocks Unfazed by Commodity’s Plunge Seen Increasingly Risky
More downside than upside to holding energy shares: TriVest FirstEnergy Capital sees company valuations as ‘pretty full’ Energy investors appear to be getting ahead of themselves, judging by the premium Continue Reading