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Oil Prices Set for Third Weekly Loss in a Row

Oil Prices Set for Third Weekly Loss in a Row

OPEC+'s potential supply increases have…

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

The key disappointment for the…

Energy / Oil Prices

Demand Pessimism on Oil Market Dissipates

Jun 19, 2024 at 08:54 | Irina Slav

The pessimism that has gripped the global oil market for weeks as traders suspect weakening demand growth this week began to dissipate, replaced by signs of emerging optimism. All because…

Oil Bounces Back on Rate Cut Optimism

Jun 07, 2024 at 08:15 | Editorial Dept

Oil Market Weekly Recap and Forecast Oil prices closed higher on Thursday, rebounding after a week of significant losses. The market reacted positively to the European Central Bank's (ECB) decision…

Oil Prices Set for Third Weekly Loss in a Row

Jun 07, 2024 at 00:33 | Irina Slav

Crude oil prices were on course to end the week with the third consecutive loss after OPEC+’s latest meeting surprised observers with the possibility of some supply returning…

Markets Have Overreacted to OPEC’s Plan To Phase Out Production Cuts

Jun 05, 2024 at 15:29 | Alex Kimani

OPEC+ agreed on Sunday to extend most of its oil output cuts well into 2025 amid tepid demand growth, rising U.S. production and high interest rates. OPEC+ is currently…

Oil Under Pressure As EIA Confirms Rising Crude, Fuel Inventories

Jun 05, 2024 at 09:38 | Irina Slav

Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an estimated inventory build of 1.2 million barrels for the week to May 31. The change 

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

Jun 05, 2024 at 09:36 | Tsvetana Paraskova

For years, market participants have been lamenting the lack of detailed communication from OPEC+ on the group's intended production beyond the following three months. This weekend, the alliance gave them…

What Does OPEC’s Strategy Shift Mean for the Oil Market?

Jun 05, 2024 at 07:29 | ZeroHedge

By John Kemp, senior energy analyst Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers…

Oil Prices Shed Over 3% As Market Digests OPEC+ Move

Jun 03, 2024 at 11:16 | Tom Kool

Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February, with the U.S. crude benchmark down over…

Oil Slides as EIA Reports Crude Inventory Decline, Fuel Builds

May 30, 2024 at 10:57 | Irina Slav

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

May 27, 2024 at 12:00 | Michael Kern

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

May 22, 2024 at 18:19 | Alex Kimani

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

May 22, 2024 at 12:54 | Tom Kool

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

May 14, 2024 at 09:09 | Alex Kimani

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

Apr 24, 2024 at 10:26 | Charles Kennedy

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

Apr 19, 2024 at 09:47 | Tsvetana Paraskova

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

Apr 17, 2024 at 12:44 | Tsvetana Paraskova

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

Apr 16, 2024 at 12:29 | Tsvetana Paraskova

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?

Apr 05, 2024 at 11:27 | Editorial Dept

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

Apr 04, 2024 at 15:57 | Alex Kimani

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

Mar 14, 2024 at 09:33 | Irina Slav

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…

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