 |
Louisiana Light • 1 day | 78.00 | -2.16 | -2.69% | ||
|
Bonny Light • 1 day | 81.20 | -2.15 | -2.58% | ||
|
Opec Basket • 1 day | 84.27 | -2.23 | -2.58% | ||
|
Mars US • 6 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 10 mins | 2.166 | +0.038 | +1.77% |
|
Bonny Light • 1 day | 81.20 | -2.15 | -2.58% | ||
|
Girassol • 1 day | 81.54 | -2.27 | -2.71% | ||
|
Opec Basket • 1 day | 84.27 | -2.23 | -2.58% |
|
Peace Sour • 2 hours | 58.33 | -1.89 | -3.14% | ||
|
Light Sour Blend • 2 hours | 62.83 | -2.04 | -3.14% | ||
|
Syncrude Sweet Premium • 2 hours | 69.18 | -2.69 | -3.74% | ||
|
Central Alberta • 2 hours | 59.73 | -1.64 | -2.67% |
|
Eagle Ford • 1 day | 71.81 | -2.04 | -2.76% | ||
|
Oklahoma Sweet • 1 day | 71.75 | -2.00 | -2.71% | ||
|
Kansas Common • 2 days | 67.50 | -3.50 | -4.93% | ||
|
Buena Vista • 3 days | 87.02 | +0.31 | +0.36% |
Standard Chartered: $98 Oil Is Well Supported By Fundamentals
StanChart says its 2024 Brent…
A Less Hawkish Fed Could Jumpstart The Oil Price Rally
Oil and many other commodities…
Energy / Oil Prices
A Less Hawkish Fed Could Jumpstart The Oil Price Rally
In recent times, fears of a spillover in the conflict between Israel and Hamas, which could embroil Iran and its allies in the region, have offered considerable support to oil…
Standard Chartered: $98 Oil Is Well Supported By Fundamentals
Oil prices have been a rollercoaster over the past couple of months as negative catalysts frequently outshine the positive ones and vice-versa. In recent times, fears of a spillover in…
Middle East Producers Cautious To Hike Prices In Tight Market
Tensions in the Middle East escalated just as oil prices declined into potentially dangerous territory for major OPEC+ players such as Saudi Arabia. Before October 7, Dubai was…
How High Could War In The Middle East Drive Oil Prices?
When Hamas struck Israel earlier this month, the first reaction of many people watching the energy space was the recall of a memory: a memory of the 1973 oil crisis.…
Oil Prices Set For A Weekly Gain As The War Premium Returns
Crude oil prices started trade today with a gain that could extend a winning streak that began last week. At the time of writing, Brent crude was…
Treasury Targets Firms Ignoring $60 Cap On Russian Crude
The U.S. Treasury Department has announced sanctions on two companies for allegedly violating a price cap on Russian oil agreed last year by Western countries. Vessels…
3 Key Risk Factors In Oil Right Now
In the past 2 weeks, the price for Brent crude oil has closed as high as $96.55 per barrel and as low as $84.07, while yesterday it settled…
U.S. Shale Producers Remain Cautious Despite Oil Rally
Earlier this month, the Dallas Fed reported that the local oil industry was getting more upbeat about the future, expecting higher prices and expanding production. In fact, the Dallas…
Short Sellers Scramble As Energy Stocks Surge
Over the past month we had repeatedly pointed out that at a time when oil and other energy commodities were soaring - and Brent last week surpassed the average price…
Why Oil Could Top $100 In Q4 2023
Oil prices have soared to a 10-month high on Wednesday, with a surprise build in U.S. crude inventories failing to dampen expectations of tight supplies for the rest of the…
Supply Cuts Boost Oil Prices But Economic Concerns Limit Gains
A slew of bullish and bearish factors have battled for dominance in the oil market this year as OPEC+ efforts to tighten the market have run up against…
Oil Prices Slip As Summer Travel Season Draws To An End
Oil prices have dipped this morning as expectations of jet fuel demand ease as the summer travel period comes to an end, alongside continued concerns over China’s uncertain…
Goldman Claims Oil Prices Could Hit $107 If OPEC+ Extends Cuts Next Year
Oil prices could hit $107 per barrel next year if OPEC+ producers do not reverse their production cuts in 2024, Goldman Sachs said, noting that a triple-digit price…
Higher Oil Prices Could Spark A Fresh Wave Of Inflation
Saudi Arabia and Russia moved with determination to support oil prices, extending their respective ongoing production and export cuts through the end of the year. In an initial…
Oil Soars Above $90 As Saudi Arabia Extends Deep Output Cuts
Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency. This brings Saudi Arabia’s…
Oil Price Forecast Gets Boost On OPEC Output Cut Expectations
A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts will be enough…
Will A Lower Oil Price Cap Finally Break Putin?
For sanctions advocates in the West, the steep slide in the value of the ruble this year is a clear sign that the economic penalties imposed on Russia…
Money Manager Sees $120 Oil Surprising Bears
Crude oil prices could be on track to hit $100 and even $120 per barrel, which calls for aggressive buying moves into the oil market now, Cole Smead, president and…
Macro Concerns Kill Off Oil Price Rally
Weaker-than-expected economic data out of China is depressing sentiment on the oil market at the beginning of this week, offsetting growing optimism that the U.S. economy would pull off a…
Analyst: Oil Is Heading Well Into The $90 Range
The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on…
