 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.726 | +0.040 | +1.50% |
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 2 days | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 12 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 12 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 12 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 12 hours | 75.50 | -0.32 | -0.42% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Goldman Sachs Predicts $51 Oil In 2021
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production cuts from OPEC+ and…
Oil Jumps On Expectations Of Slowing Inventory Builds
Hot on the heels of Goldman's bullish reversal on the oil sector, in which the bank's commodity strategist Damien Courvalin said on Friday that "it now appears likely that the…
Oil Opens Lower As U.S.-China Spat Escalates
After posting the first weekly gain in a month, oil prices plunged early on Monday as tensions between the United States and China grew over the origin of the coronavirus,…
Oil Rallies On Signs Of A Global Reopening
Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the oil market was the smaller-than-expected build in crude inventories reported by…
Oil Prices Jump 28% But Analysts Warn More Carnage Still To Come
The price of key U.S. benchmark West Texas Intermediate shot up 18 percent in early trading this morning as new reports emerged suggesting that the United States would not fill…
Traders Are Betting Big On An Oil Price Rebound
Global oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI contracts, Reuters’ John…
Russia Expects A Protracted Oil Price Plunge
Even though the new OPEC+ deal is set to come into force this week, oil prices will not rise much in the near future because of very high global inventories,…
Are Oil Prices Heading Back Into Negative Territory?
Oil slipped another 20 percent in early trading on Tuesday morning before paring some of its losses as the world continues to grapple with lockdown orders. The one-two punch of…
OPEC Sees Oil Rising To $40 In Second Half Of 2020
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be…
Oil Prices Crash 24% As Storage Fears Mount
Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading. Global oil…
The Oil Market Crash Is Far From Over
WTI prices may have steadied somewhat after a wild couple of days, but the physical market for crude is still collapsing. Energy stocks posted sharp gains on Thursday as WTI…
How Oil Prices Could Go To $100
“We’re in a deflationary moment that surpasses anything seen in most people’s lifetimes,” proclaimed a New York Times byline on Tuesday, the morning…
Incoming 50 Million Barrel ‘Saudi Oil Bomb’ Could Send Prices Even Lower
By now even the 165,727 "professional investors" who are long the USO ETF on the free, glitch-prone platform Robin Hood, are aware that the problem facing global oil production is…
The Very Real Possibility of -$100 Oil
An oil analyst who warned of negative oil prices a month ago now says that the WTI Crude futures prices could crash to as low as a negative $100 per…
Oil Jumps After Trump Orders Navy To ‘’Shoot And Destroy’’ Iranian Gunboats
After two dark days for crude, oil prices are rallying again on Wednesday morning after U.S. President Trump triggered a small short-covering rally by tweeting that he has ordered the…
EX-BP CEO: Low Oil Prices Are Here To Stay
The current situation on the oil market with too much supply and collapsing demand is similar to what happened in the middle of the 1980s when a glut led to…
Extreme Volatility In Oil Continues As WTI June Contract Tanks 65%
The price of a WTI barrel of oil rebounded on Tuesday and is now back in the black, mimicking the June futures contract—rather than May’s future contract that is set…
Goldman: Don’t Expect U.S. Oil Prices To Recover Soon
The recovery in U.S. oil prices is still weeks away, Goldman Sachs' head of commodities Jeffrey Currie told CNBC's Power Lunch. The reason for the note of caution is because cutting…
Brent Crude Oil Prices Fall 20% As Panic Sweeps The Market
After yesterday's historic crash which left the West Texas Intermediate U.S. benchmark settling at -$37, panic is beginning to spread through markets, with Brent…
What’s Next For Oil As Prices Go Negative?
Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The prices for…
