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Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Already tightening oil markets continue…

Why Oil Won’t Rally Above $60 In The Near Term

Why Oil Won’t Rally Above $60 In The Near Term

OPEC’s deal might have put…

Energy / Oil Prices

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Traders Most Bullish On Oil Since 2014

Dec 19, 2016 at 12:55 | Charles Kennedy

Investors have become the most bullish on oil prices since the collapse began more than two years ago, betting that the OPEC deal will tighten the oil market, resulting in…

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Oil Rises As Markets Regain Faith In OPEC Deal

Dec 16, 2016 at 14:15 | Evan Kelly

After having tanked as a result of the Fed rate hike, oil prices rose towards 17 month highs on Friday as a result of renewed faith in OPEC’s production cuts

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Goldman Flip Flops Again, Now Sees High OPEC Compliance

Dec 16, 2016 at 09:38 | Tsvetana Paraskova

In just five days, Goldman Sachs has changed its mind about the expected OPEC cuts compliance, now seeing cartel members—especially Saudi Arabia—as having a “strong” incentive to stick to promised…

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Why It Makes Economic Sense For The Saudis To Cut

Dec 14, 2016 at 11:54 | Matt Smith

Oil prices are lower today, as focus shifts from optimism of the market balancing in the future, back to current oversupply. With today's U.S. inventory report helping crude to pare…

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The Coming Fracture Of Saudi Arabia

Dec 13, 2016 at 14:56 | ZeroHedge

The Bible’s book of Galatians, VI teaches, «as you sow, so shall you reap». And for Saudi Arabia, which has overtly and covertly supported rebellions in Libya, Syria, Iraq, Yemen,…

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After Burning Himself On The OPEC Deal: Gartman Says ‘’Buy Oil’’

Dec 13, 2016 at 12:40 | ZeroHedge

Just hours before the November 30 Vienna OPEC meeting, whose outcome sent the price of oil soaring, Dennis Gartman had a recommendation: "we are short of crude oil from yesterday;…

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Can OPEC Send Oil To $70?

Dec 12, 2016 at 17:32 | Irina Slav

OPEC managed to convince almost a dozen non-OPEC producers to take part in oil production cuts over the weekend, and the news immediately sent international benchmarks higher, prompting a fresh…

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The Venezuelan Crisis Continues To Spiral Out Of Control

Dec 12, 2016 at 14:55 | Luis Colasante

Venezuela’s economic, humanitarian and political crisis has not shown any sign of improving since the opposition and the government started “the dialogue” mediated by the Vatican and UNASUR. The crisis…

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The Buying Continues As Non-OPEC Producers Cut Output

Dec 12, 2016 at 13:11 | Matt Smith

And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend's OPEC / NOPEC meeting. As the number of global oil…

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The Bulls Are Back: Oil Spikes As Non-OPEC Pledges 558,000 Bpd Cut

Dec 12, 2016 at 10:33 | Irina Slav

Almost a dozen non-OPEC producers have agreed to reduce their crude oil output in a bid to support OPEC’s efforts to prop up prices. Among them are Mexico,…

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