 |
Louisiana Light • 2 days | 85.29 | +1.15 | +1.37% | ||
|
Bonny Light • 1 day | 88.71 | +2.16 | +2.50% | ||
|
Opec Basket • 2 days | 87.61 | -0.64 | -0.73% | ||
|
Mars US • 11 hours | 85.00 | +1.23 | +1.47% | ||
|
Gasoline • 10 mins | 2.931 | +0.002 | +0.07% |
|
Bonny Light • 1 day | 88.71 | +2.16 | +2.50% | ||
|
Girassol • 1 day | 90.58 | +2.08 | +2.35% | ||
|
Opec Basket • 2 days | 87.61 | -0.64 | -0.73% |
|
Peace Sour • 2 hours | 78.65 | +1.48 | +1.92% | ||
|
Light Sour Blend • 2 hours | 79.95 | +1.48 | +1.89% | ||
|
Syncrude Sweet Premium • 2 hours | 88.90 | +1.48 | +1.69% | ||
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Central Alberta • 2 hours | 78.25 | +1.48 | +1.93% |
|
Eagle Ford • 2 days | 79.40 | +0.98 | +1.25% | ||
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Oklahoma Sweet • 2 days | 79.50 | +1.00 | +1.27% | ||
|
Kansas Common • 2 days | 73.25 | +1.00 | +1.38% | ||
|
Buena Vista • 1 min | 86.25 | +2.06 | +2.45% |
Breaking News:
The Oil Price Rally Is Gaining Serious Momentum
Analysts predict a continued surge…
Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally
The prospects of China’s oil…
Energy / Oil Prices
How Long Will the Oil Price Rally Last?
It’s been a wild week for oil prices. First soaring on news of the biggest U.S. inventory draw in years, benchmarks later slumped just as sharply when Fitch
Oil Prices Are On A Six-Week Winning Streak
Crude oil prices were set for yet another weekly gain after Saudi Arabia said it would extend its voluntary production cuts of 1 million bpd into September.…
The Oil Price Rally Is Gaining Serious Momentum
The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed,…
Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally
The prospects of China’s oil demand and expected further economic stimulus in the world’s top crude importer have played the biggest role in the oil price rally in July, according…
Clean Energy Investor: OPEC+ Breakup Could Send Oil Down To $35
Slowing global oil demand growth and dissent over crude production policies could lead to a break-up of the OPEC+ alliance, which would send oil prices tumbling to as low as…
Traders Turning Bullish On Saudi Supply Cuts
Hedge funds and other money managers are back to piling bullish bets on oil, expecting Saudi Arabia’s production cuts this summer to have put a higher floor under…
Texas Producers Expect Higher Oil Prices
Oil prices are headed higher later this year amid increasingly bullish fundamentals, even though the market is still very much focused on macroeconomic concerns. Supplies are tightening, thanks to the…
Sour Crude Oil Prices Skyrocket As Saudi Arabia Tightens Supply
Saudi Arabia and its fellow OPEC+ producers may not have lifted the international crude oil futures with their production cuts, but the reduced supply from the world’s top crude exporter…
The Great Oil Market Paradox: Inflation Fears Meet Rising Demand
Inflation concern. Rate hike fears. These have been the drivers of oil market moves for months now. Demand and supply have largely remained ignored. But this may be about to…
Saudi Arabia’s Oil Production Cuts Isn’t Enough To Shake Bearish Sentiment
Leading OPEC producer, Saudi Arabia, has extended its voluntary 1M bbl/day oil production cut for another month, till August. The reduction will take the country's production to ~9M…
Saudi Arabia Hikes Oil Prices To Asia
Days after Saudi Arabia extended its voluntary production cuts, OPEC's largest producer has hiked some oil prices to Asia, Bloomberg has reported. According to the…
Middle East Defies Weakening Asian Market To Lift Prices
One of the most drastic production cuts of the past years, Saudi Arabia’s pledge of reducing its crude output by 1 million b/d in July, has so far been nothing…
Where Are Oil Prices Going? It's Complicated
Oil and gas drilling in the U.S. shale patch is slowing down. Rig counts have been falling for weeks, and the latest Dallas Fed Energy Survey also
Wall Street Turns Bearish As China's Economic Recovery Stalls
Last December, Beijing announced the most sweeping changes to its strict Covid-19 guidelines, including relaxing testing requirements and travel restrictions. As the world’s largest importer of crude, most commodity…
Oil Markets On Edge Ahead Of Fed Meeting
Oil prices have bounced back after Monday's $3 per barrel decline, but markets remain on edge ahead of the latest Fed meeting. Investor Alert: Whether you are new to…
Oil Traders Ignore Saudi Warning To ‘Watch Out’
Despite last week’s Saudi announcement of a unilateral oil production cut of 1 million barrels per day (bpd) in July, oil prices ended the week with a second consecutive weekly…
Saudi Arabia Suckered Again By Russia In OPEC+’ s Output Cut
As predicted in my article at the end of May - partly because Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak…
EIA: Oil Prices Will Not Rally Despite Saudi Output Cut
Oil prices will not average more than $80 per barrel in the second half of this year, despite the most recent production cut announced by Saudi Arabia, the U.S. Energy…
U.S. Crude Joins Biggest Oil Benchmark
Starting today, U.S. oil will be part of the Brent crude basket that underlies the world's most traded benchmark contract. It will be the first non-European grade included in the…
WTI Screams Back Up Past $70 Despite Crude Inventory Builds
Crude oil prices turned around on Thursday, erasing most of the week’s earlier losses despite the latest EIA report that indicated crude oil inventories rose more than expected. WTI was…
