 |
Louisiana Light • 2 days | 81.51 | -1.33 | -1.61% | ||
|
Bonny Light • 2 days | 82.02 | -0.87 | -1.05% | ||
|
Opec Basket • 2 days | 83.08 | -0.92 | -1.10% | ||
|
Mars US • 210 days | 76.83 | -1.47 | -1.88% | ||
|
Gasoline • 3 hours | 2.426 | +0.021 | +0.89% |
|
Bonny Light • 2 days | 82.02 | -0.87 | -1.05% | ||
|
Girassol • 2 days | 83.71 | -1.06 | -1.25% | ||
|
Opec Basket • 2 days | 83.08 | -0.92 | -1.10% |
|
Peace Sour • 16 hours | 71.11 | -1.32 | -1.82% | ||
|
Light Sour Blend • 16 hours | 74.16 | -1.32 | -1.75% | ||
|
Syncrude Sweet Premium • 16 hours | 81.11 | -1.32 | -1.60% | ||
|
Central Alberta • 16 hours | 71.51 | -1.32 | -1.81% |
|
Eagle Ford • 2 days | 74.39 | -1.32 | -1.74% | ||
|
Oklahoma Sweet • 2 days | 74.50 | -1.25 | -1.65% | ||
|
Kansas Common • 9 days | 67.00 | -0.75 | -1.11% | ||
|
Buena Vista • 9 days | 82.10 | -0.70 | -0.85% |
Oil Slides as EIA Reports Crude Inventory Decline, Fuel Builds
Oil prices remained stable despite…
Oil Prices Maintain Losing Streak on Inflation Confusion
On Tuesday, the Federal Reserve…
Energy / Oil Prices
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Oil Slides as EIA Reports Crude Inventory Decline, Fuel Builds
Crude oil prices sunk following the Energy Information Administration’s report of an estimated inventory decline of 4.2 million barrels for the week to…
Oil Prices Jump as Europe Hints at June Rate Cuts
Brent crude and U.S. benchmark crude oil prices gained well over 1% in thin Monday trading, with international inflation data and the potential for rate cuts globally taking center stage…
Why Oil May Regain Upward Momentum
Dynamics in the global oil markets have shown little change over the past couple of weeks with pessimism still high and hedge funds still leaning towards the short side of…
Oil Prices Maintain Losing Streak on Inflation Confusion
The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the beginning of the week, with Brent crude also losing ground…
Citi Sees Oil Prices Falling to $70 Range in Q3 2024
Oil prices have pulled back sharply to a three-month low as a combination of demand concerns and easing geopolitical premium take a toll. Last week, the Energy Information Administration's (EIA)…
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected to double Russia’s oil and gas revenues in April compared to the same month last year, according to Reuters calculations based on data from…
Geopolitical Tensions Fail to Spark Oil Price Surge
The tensions in the Middle East have highlighted the ebb and flow of the geopolitical risk premium in oil prices so far this month. Analysts believe that oil currently includes…
Traders Became More Bullish on Oil As Middle East Risk Surged
Hedge funds and other portfolio managers began to include a higher risk premium in their oil price trades early this month as tensions in the Middle East spiked. Money managers…
Rising Middle East Risk Sparks Fear of $100 Oil
Despite Iran’s attack on Israel over the weekend, oil prices dropped on Monday as an Iranian response to the Israeli hit on the Iranian diplomatic mission in…
Is $100 Oil Within Reach?
A few weeks ago, when WTI crude was trading just below $80, I wrote here that I was about to break with my usual, contrarian trading style and establish a…
Wall Street Remains On The Sidelines as Oil Jumps to $90
After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical…
Oil Could Rise More than Anyone Expects This Year
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate…
What Does China’s New Economic Growth Target Mean For Oil Prices?
China’s stunning economic growth was almost single-handedly responsible for the commodities supercycle from the late 1990s to the onset of the 2014-2016 Oil Price War, as analysed in full in
Traders Cautiously Optimistic About Crude
Weekly Performance and Overview As the week concludes, West Texas Intermediate (WTI) crude oil is experiencing a modest gain, increasing by approximately 1.35%. This movement reflects the interplay of…
Brent Needs To Be $90 or Higher To Reflect Actual Fundamentals
Oil prices have enjoyed a sustained rally in the current month thanks to bullish demand projections and encouraging oil product inventory draws. Brent briefly touched this year’s high at…
Oil Prices Set to Rise as Global Stock Refills Ramp Up
China’s rebuilding of oil inventories and higher crude purchases elsewhere for fear of escalating shipping disruptions in the Red Sea are set to support global oil demand and benchmark prices…
Oil Gains 2% as Israel Rejects Gaza Ceasefire Deal, US Gas Inventory Plummets
Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza, with Israeli forces launching new air strikes on Rafah city, and…
Oil Poised for Biggest Weekly Loss since November
Oil prices were falling by 2% on Friday morning and were headed to their biggest weekly decline since November 2023 as reports continue to emerge that negotiations of a possible…
Oil Prices Drop, Recover on Gaza War Ceasefire Proposal Rumors
Oil prices began tanking on Thursday afternoon as news was reported by Al Jazeera that Israel and Hamas had agreed to a ceasefire proposal that could put an end to…
U.S. Crude Oil Could Be Ripe for A Short Squeeze
Crude oil inventories at Cushing have dropped to their lowest level for this time of year in over a decade, suggesting that a short squeeze could be coming for the…
