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Oil Barely Budges On Slew Of Bullish News

Oil Barely Budges On Slew Of Bullish News

A surprisingly strong US jobs…

Energy / Oil Prices

WTI Spikes Above $60 For First Time In Nearly Two Months

WTI Spikes Above $60 For First Time In Nearly Two Months

Jul 10, 2019 at 15:51 | Julianne Geiger

Oil prices spiked on Wednesday afternoon after the Energy Information Administration (EIA) reported a significant decrease in crude oil inventories in the United States, combined with the…

Oil Prices Edge Up Ahead Of Crude Inventory Reports

Oil Prices Edge Up Ahead Of Crude Inventory Reports

Jul 09, 2019 at 11:01 | Tsvetana Paraskova

Oil prices were up early on Tuesday as market participants turned their attention to the tension around Iran and OPEC’s extended cuts, awaiting a busy week of reports and testimonies…

‘‘Psychological War’’ With Iran Fails To Move Oil Markets

‘‘Psychological War’’ With Iran Fails To Move Oil Markets

Jul 08, 2019 at 17:18 | Nick Cunningham

The Trump administration refrained from a military strike last month, but the U.S. and Iran’s cycle of escalation continues. Iran announced its latest plans to reduce its commitment to the…

Oil Barely Budges On Slew Of Bullish News

Oil Barely Budges On Slew Of Bullish News

Jul 05, 2019 at 17:20 | Nick Cunningham

With the Trump-Xi meeting leading to a restart of trade negotiations and the OPEC+ summit resulting in an extension of the production cuts, two major uncertainties facing the oil…

Oil Prices Set For Worst Weekly Drop In Five Weeks

Oil Prices Set For Worst Weekly Drop In Five Weeks

Jul 05, 2019 at 09:31 | Tsvetana Paraskova

Concerns about weakening global economy and oil demand growth trumped simmering U.S.-Iran tensions and OPEC and allies’ rollover of the production cuts into 2020, sending oil prices early on Friday…

Trade Deal Could Send Oil To $75

Trade Deal Could Send Oil To $75

Jul 03, 2019 at 16:52 | Julianne Geiger

While OPEC and its allies successfully reached a deal to extend its production cut quotas into 2020, the oil price response was markedly disappointing, leaving the market to wonder if…

Trade Truce Sends Oil Prices Higher

Trade Truce Sends Oil Prices Higher

Jul 01, 2019 at 10:27 | Nick Cunningham

Oil prices jumped to their highest point in more than a month, pushed higher by an OPEC+ deal and the ceasefire between Trump and Xi, at least for now. The…

Survey: Oil Experts See WTI In $50-70 Range This Summer

Survey: Oil Experts See WTI In $50-70 Range This Summer

Jun 28, 2019 at 11:05 | Tsvetana Paraskova

The vast majority of 22 oil experts surveyed by CNBC this week expects WT Crude to trade between $50 and $70 a barrel at…

Oil Holds Steady Amid Small Rig Count Decline

Oil Holds Steady Amid Small Rig Count Decline

Jun 21, 2019 at 12:37 | Julianne Geiger

The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point…

Oil Shoots Up As Iran Says ‘’It’s Ready For War’’

Oil Shoots Up As Iran Says ‘’It’s Ready For War’’

Jun 20, 2019 at 17:31 | Nick Cunningham

Oil was woken out of its slumber by yet another round of escalation between the U.S. and Iran, although the matter took on greater importance to oil markets only because…

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