 |
Louisiana Light • 1 day | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
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Opec Basket • 1 day | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.720 | -0.014 | -0.53% |
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Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
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Opec Basket • 1 day | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 9 hours | 76.01 | -0.55 | -0.72% | ||
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Light Sour Blend • 9 hours | 79.06 | -0.55 | -0.69% | ||
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Syncrude Sweet Premium • 9 hours | 86.01 | -0.55 | -0.64% | ||
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Central Alberta • 9 hours | 76.41 | -0.55 | -0.71% |
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Eagle Ford • 1 day | 79.29 | -0.04 | -0.05% | ||
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Oklahoma Sweet • 1 day | 79.25 | -0.50 | -0.63% | ||
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Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Energy / Oil Prices
U.S. Shale Patch Welcomes OPEC Deal – But Needs $60 Oil
Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to see…
Fitch Talks Down OPEC Optimism - Oil Prices To Flatline In 2017?
Rating agency Fitch, after lauding OPEC’s decision to cut oil production by 1.2 million bpd, cautioned that prices are unlikely to move much higher than they are now, expecting…
Oil Prices Spike As OPEC Reaches Deal On Production Cut
Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the…
Oil Prices To Sink Or Skyrocket – What Can We Expect
We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal,…
No OPEC Cut Needed, Says Saudi Oil Minister
OPEC does not actually need to cut production to rebalance the markets, according to Saudi Oil Minister Khalid al-Falih. In a surprising U-turn, after two months of negotiations aiming to…
Goldman Sachs Turns Bullish On Oil
Goldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on its face…
How To Play The OPEC Production Cut
We’ve been trying to leverage what we’re convinced will be a substantial OPEC accord on Wednesday, November 30th, and spent the last several columns outlining why we’ll see at least…
Saudis To Skip Non-OPEC Talks On Monday, Want OPEC Deal First
In what is now the umpteenth twist in highly-charged OPEC rhetoric in recent days, the cartel’s biggest producer and de factor leader, Saudi Arabia, has reportedly told the organization that…
The Economy Needs Higher Oil Prices – Goldman Sachs
OPEC is closing in on a deal to cut production, which will surely cause oil prices to rise. Oil is already almost back to $50 per barrel, so cuts of…
Iraq Now Says It Will Join OPEC Output Cuts
In its third flip-flop position on joining OPEC production cuts in as many days, Iraq signaled on Wednesday that it could be willing to cut its production and support…
Will We Ever See $100 Oil Again?
A report from auditors PricewaterhouseCoopers (PwC) has revealed that oil prices are unlikely to climb back to the $100 level, and will have a limited rise from the current spot…
Why You Should Expect A Substantial OPEC Deal
OPEC ministers are again meeting, this time in Doha, but haven’t yet showed a sign of a sweeping deal that could come out of Vienna and OPEC later this month.…
OPEC’s Bearish Report Provides Little Hope For Oil Markets
Just one day after the IEA warned the world could drown in oil if production does not fall beneath demand sometime soon, OPEC released a new market whammy, offering up…
Expert Commentary: 5 Reasons To Be Bullish On Oil
• WTI traded in a bearish pattern once again this week taking out last week’s low print and settling $43.41 on Friday following an IEA report with bearishly adjusted supply/demand…
Oil Prices Slip On Bearish IEA Report
It is national forget-me-not day, something it is impossible to do with OPEC amid an onslaught of monthly oil reports. Today's bearish-tilted monthly report from the IEA is combining with…
Breaking The Pattern: Trump Wins, Oil Jumps
In early afternoon yesterday, with voting at full swing across the U.S., West Texas Intermediate was trading at US$45.23 a barrel, up almost a percent from opening. But by 11:30…
Oil Gains After Extremely Volatile 24 Hours
Things come in threes, so after the unexpected Brexit result earlier in the year, and Donald Trump's surprise election victory overnight, it would appear we are destined for an unlikely…
Could Trump’s Victory Render OPEC’s Output Deal Irrelevant?
As if OPEC had an easy job to do in trying to get its own 14 members on the same page about its policies, another major unknown entered the global…
OPEC Just Knocked $20 Off Its Oil Price Outlook
OPEC warned in newly released report that oil prices might not rise above $60 per barrel until the end of the decade, in an acknowledgement that an array of bearish…
Is Russia Really On Board With The OPEC Deal?
OPEC Secretary General Mohammed Barkindo offered the market another treat today, saying that Russia is “on board” with “the Algiers accord.” This assurance, following numerous other OPEC assurances, comes…
