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Why WTI Is A Global Oil Market Benchmark

Why WTI Is A Global Oil Market Benchmark

As U.S. crude oil production…

Energy / Oil Prices

Oil Prices Near Three-Month High As Market Tightens

Oil Prices Near Three-Month High As Market Tightens

Feb 18, 2019 at 09:15 | Tsvetana Paraskova

Oil prices rose early on Monday, extending last week’s gains amid rekindled hopes that the U.S. and China could reach a trade deal and growing signs of a tightening market,…

Flurry Of Bullish News Boosts Oil Prices

Flurry Of Bullish News Boosts Oil Prices

Feb 15, 2019 at 16:16 | Irina Slav

Oil market sentiment has swung from bearish to bullish in the last few days as tailwinds for the commodity strengthen. A string of updates from OPEC and Venezuela, along with…

The Biggest Problem Behind The U.S. Shale Boom

The Biggest Problem Behind The U.S. Shale Boom

Feb 15, 2019 at 16:16 | Nick Cunningham

U.S. shale production is expected to continue to soar well into the 2020s. And that is a major problem. Over the past decade, U.S. oil production has more than doubled,…

Brent Crude Hits 2019 High At $65

Brent Crude Hits 2019 High At $65

Feb 15, 2019 at 09:22 | Tsvetana Paraskova

Brent Crude hit $65 a barrel early on Friday, reaching the highest price so far this year and the highest level since November, as larger-than-expected cuts from Saudi Arabia and…

Goldman: ‘Shock And Awe’ OPEC Cuts To Send Oil Higher Soon

Goldman: ‘Shock And Awe’ OPEC Cuts To Send Oil Higher Soon

Feb 13, 2019 at 13:05 | Tsvetana Paraskova

Goldman Sachs expects Brent Crude prices to hit US$67.50 a barrel in the second quarter of the year as ‘shock and awe’ production cuts by OPEC and increased supply…

Oil Prices Rise On Larger-Than-Expected OPEC Production Cuts

Oil Prices Rise On Larger-Than-Expected OPEC Production Cuts

Feb 13, 2019 at 08:58 | Tsvetana Paraskova

Oil prices rose early on Wednesday, supported by a renewed commitment of OPEC and its de facto leader and biggest producer Saudi Arabia to cut deeper than pledged and do…

Hedge Funds Unsure Where Oil Prices Are Going

Hedge Funds Unsure Where Oil Prices Are Going

Feb 12, 2019 at 16:07 | Tsvetana Paraskova

Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as…

Why WTI Is A Global Oil Market Benchmark

Why WTI Is A Global Oil Market Benchmark

Feb 08, 2019 at 17:06 | Robert Rapier

Oil markets are global, and therefore oil prices around the world generally move in tandem. There are differences in oil prices based on quality and geography, but the fungible nature…

Oil Prices Drop After Touching 2019 High

Oil Prices Drop After Touching 2019 High

Feb 04, 2019 at 09:30 | Tsvetana Paraskova

Oil prices turned sharply down on Monday, after having reached 2019 highs earlier in the day, as concerns about the global economy resurfaced and a firmer U.S. dollar reduced investors’…

The Next Big Threat For Oil Comes From China

The Next Big Threat For Oil Comes From China

Jan 31, 2019 at 16:21 | Philip Verleger

There is a widespread concern in the world regarding China’s decelerating economic growth. The slowdown, if it continues, threatens economic activity almost everywhere. Growth in Germany, for example, has already…

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