Natural Gas Rallies on Inventory Data
Natural gas prices surged to their biggest daily gains in seven months after new data showed a historically small addition to stockpiles last week, easing fears of a glut. The Continue Reading
Goldman says oil’s rebalancing remains fragile amid macro headwinds
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Oil’s recovering fundamentals remain fragile, with many global Continue Reading
Wholesale California gasoline prices plunge, consumers still pay up
Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers are still paying the highest prices Continue Reading
Oil Near Three-Month Lows as Stocks Accumulate
Crude oil prices hovered near three-month lows on Thursday, as unexpected growth in U.S. inventories kept downward pressure on the market, while the weaker dollar provided some support. Brent crude, Continue Reading
Oil hits 3-month lows below $43 as oversupply weighs
Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil LCOc1 was down 50 Continue Reading
Crude Rally Unwinds Completely – Expect $40 Oil
Oil prices plunged on Wednesday as the EIA shocked traders once again, raising the possibility that the oil markets are not as close to “balance” as once thought. The EIA Continue Reading
Oil nears a fresh bear market: 5 things to watch
Crude oil’s quiet slide from its 2016 high sharpens questions about the outlook for the commodity S ince oil prices hit a year-high above $52 a barrel in June they Continue Reading
Oil Industry About To Be Burned Again By Fall In Oil Prices
The current oil-price rally is over. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is Continue Reading
Why haven’t oil prices fallen further as hedge funds boost short positions? Kemp
Used oil barrels are seen outside a garage in Cuevas del Becerro, near Malaga, southern Spain February 16, 2015. Hedge funds and other money managers have begun to amass another Continue Reading
Oil falls close to three-month low as oversupply weighs
Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down Continue Reading