Oil Supply Outlook Looks ‘Relatively Subdued,’ ANZ’s Hynes Says Oil capped its fifth week of gains on continued signs of robust demand and strained crude supplies that have taken prices Continue Reading
U.S. West Texas Intermediate crude oil futures are under pressure on Friday, amid an unexpected rise in U.S. crude and fuel inventories, according to a government report released the previous Continue Reading
Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast. Friday, January 21st, 2022 Leading investment banks Continue Reading
ANZ’s Hynes Says Oil dropped alongside other financial assets and commodities as crude’s sizzling rally ran out of steam after hitting a seven-year high. Futures in New York slumped more Continue Reading
Oil’s rally faltered after U.S. crude stockpiles rose modestly amid renewed pledges from President Joe Biden to try to curb prices. Futures in New York edged lower, closing below $87 Continue Reading
Crude oil futures were sharply lower in mid-morning trade in Asia Jan. 21, plunging from 7-year highs reached earlier this week as investors rushed to book profits after a multi-week Continue Reading
The imbalance of supply and demand in oil markets is growing, and it could lead to higher oil prices. Prices have gone from strength to strength on both major benchmarks, Continue Reading
Oil prices are quickly approaching $90 as geopolitical uncertainties continue to mount. Over the past week, drone attacks against targets in the UAE and escalating tensions between Russia and Ukraine Continue Reading
Platts Dated Brent was assessed above $90/b for the first time since 2014, as the global crude market continued to demonstrate tightness for prompt-loading cargoes. Receive daily email alerts, subscriber Continue Reading
“The inflation has everything to do with the supply chain,” Biden said as he talked about how the administration is dealing with rising inflation. Oil slipped from the highest close Continue Reading
