 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 14 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 21 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 21 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 21 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 21 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Energy / Oil Prices
Oil Prices Fall Despite Iran, Venezuela, Libyan Supply Outages
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran.…
Farmers Reeling From High Oil Prices
As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the…
Oil Jumps On Positive Trade War News, Venezuela
After a slide last week, Brent and West Texas Intermediate started the week with a modest increase thanks to an announcement from Treasury Secretary Steven Mnuchin that the trade…
How An "Oil Price Shock" Will Hurt The U.S. Economy
One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs -…
Brent Breaks $80 On Flurry Of Bullish News
Ticker: Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1%…
$4 Gasoline Could Cripple The U.S. Economy
Consumers, who are already being squeezed by rising interest rates (even as the return on their cash deposits remains anchored near zero), are facing another potential constraint on their already…
Oil Markets Tremble On Iran, Israel Flare-Up
Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the…
Goldman: Oil Prices To Hit $82.50 By The Summer
Increased geopolitical tensions in the Middle East, plunging Venezuelan production, and now the U.S. withdrawal from the Iran nuclear deal could push Brent Crude prices to $82.50 a barrel…
Brent Rises To 4-Year High As Houthis Target Saudi Oil Facility
Houthi rebels in Yemen claim to have fired two ballistic missiles toward an oil facility in the southern Saudi city of Jizan, close to the border with Yemen, Houthi-controlled…
Oil Prices Up As Iran Deal Hangs In The Balance
Oil prices were rising early on Friday, heading for a weekly gain but off recent highs, as market participants are growing apprehensive a week ahead of the May 12 deadline…
Will Higher Oil Prices Destroy Demand?
Oil prices have dipped a bit this week, but still remain at their highest levels in nearly three and a half years. The reasons are by now familiar to most…
Saudi Arabia Needs $88 Oil
Higher oil prices have provided a boost to the economies of oil-exporting nations such as Saudi Arabia. But the economic risks going forward are “skewed to the downside,” the International…
Could Oil Actually Hit $300?
Speculating on the price of oil is a favorite pastime in certain circles, and these include hedge funds. One prominent member of the hedge fund crowd this week said crude…
Major Airlines Expect Oil Prices To Rise
Four months ago several large air carriers said they were in no rush to start hedging against further price increases in crude oil and fuel. Now they may be…
The Overstated Threat Of High Oil Prices
Last Friday, President Trump tweeted: “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices…
Will Higher Oil Prices Boost The Global Economy?
The recent oil price rally is sure to boost petrodollar inflows into the government coffers and sovereign wealth funds of oil producing nations. A part of those petrodollars could flow…
World Bank: Oil Prices To Average $65 This Year
Oil prices are expected to average $65 a barrel this year, up from the $53 per barrel average of 2017, driven by strong consumer demand and OPEC’s continued cuts, the…
Goldman: Oil Demand Will Continue To Soar
Oil demand is growing, and production is falling. This is the message we have been receiving for a few weeks now with increasingly frequency, especially after OPEC’s leader Saudi Arabia…
Higher Oil Prices Could Unleash Market Turmoil
While traders have been closely following the push higher in 10Y yields, which rose as high as 2.996 percent on Monday, as well as the dramatic short squeeze in the dollar, they…
Hedge Funds Are Certain Oil Prices Will Head Higher
Money managers have amassed close to record long positions in the six-major oil-linked futures and option contracts, and the ratio of longs to shorts is even higher than when it…
