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Oil Rises As Physical Market Tightens

Oil Rises As Physical Market Tightens

Oil prices rose early on…

Energy / Oil Prices

IMF Sees Oil Prices Averaging $50 In 2021

Jan 26, 2021 at 14:59 | Tsvetana Paraskova

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International…

Oil Rises As Physical Market Tightens

Jan 26, 2021 at 10:48 | Tsvetana Paraskova

Oil prices rose early on Tuesday amid signs that the physical supply of crude will tighten over the first quarter and counter concerns about slow vaccine rollouts and Chinese lockdowns.…

Barclays: WTI To Average $52 In 2021

Jan 25, 2021 at 11:02 | Tsvetana Paraskova

Barclays expects the U.S. oil benchmark, WTI Crude, to average $52 per barrel in 2021, raising its outlook by $2 a barrel due to a weaker U.S. dollar and…

Oil Rises On Inauguration Day As Markets Eye Big Stimulus Act

Jan 20, 2021 at 09:02 | Tsvetana Paraskova

Oil prices rose for a second consecutive day on Wednesday, as the market expects the incoming U.S. Administration to “act big” in the next COVID relief package.   As of…

Oil Rises On Expectations Of ‘Big’ U.S. Stimulus Package

Jan 19, 2021 at 11:02 | Tsvetana Paraskova

Oil prices shook off the risk-off trade on Monday and rose early on Tuesday, amid expectations that U.S. Treasury Secretary nominee Janet Yellen will push for a large relief package…

Oil Prices Drop On Stronger Dollar, COVID Resurgence

Jan 18, 2021 at 10:07 | Tsvetana Paraskova

Oil prices dropped early on Monday as a stronger U.S. dollar and many countries still battling rising daily COVID-19 cases weighed on market sentiment at the start of the week.…

Why Oil Will Keep Rising In 2021

Jan 14, 2021 at 17:17 | David Messler

We have seen strong moves higher in the key crude oil benchmarks-WTI, and Brent, in the last several months. This was initiated by the advent of positive news…

Oil Prices Rise On New Stimulus Hopes

Jan 14, 2021 at 15:29 | Julianne Geiger

Oil prices were up on Thursday afternoon despite new and extended lockdowns that promise to slow any oil demand rebound that was expected for 2021. At 4:07 p.m. EST,

Saudi Arabia Starts New Bull Run In Middle East Oil

Jan 13, 2021 at 16:53 | Viktor Katona

Market tightness is the new byword on the global crude markets, though this given bout of supply scarcity (luckily) bears all the traits of a forethought and premeditated…

Saudis Prop Up Oil Prices, Cut Shipments To Asia And Europe

Jan 13, 2021 at 11:13 | Irina Slav

Saudi Arabia has announced reductions in crude oil volumes to be supplied to at least nine clients in Asia and Europe following its decision to add another 1 million bpd…

The Oil Industry Is In Dire Need Of Investment

Jan 12, 2021 at 17:21 | Cyril Widdershoven

The global oil market is in flux once again. The bulls are fighting it out with the bears as COVID lockdowns come into force around the world. Oil…

Oil Rally Continues Despite Slow Vaccine Rollout

Jan 08, 2021 at 11:14 | Julianne Geiger

Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional…

The Next 5 Days Could See A Buying Spree In Oil Futures

Jan 07, 2021 at 09:58 | Tsvetana Paraskova

The annual five-day rebalancing of portfolios beginning on Friday could attract as much as US$9 billion buying into crude oil contracts, putting upward pressure on oil prices, investment banks and…

OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia

Jan 05, 2021 at 12:46 | Julianne Geiger

After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a solution upon which all…

Oil Rallies As Russia Agrees With OPEC+ Not To Raise Output In February

Jan 05, 2021 at 09:16 | Tsvetana Paraskova

Oil prices rallied on Tuesday morning, following reports that Russia—the OPEC+ producer that was insisting on a 500,000-bpd production increase in February—has agreed that there would not be another rise…

Oil Rises As Market Awaits OPEC+ Production Decision

Jan 04, 2021 at 08:53 | Tsvetana Paraskova

In highly volatile trade, oil prices rose early on Monday as ministers of the OPEC+ alliance began their virtual meeting to decide production levels for February. As of 9:16 a.m.…

3 Reasons Why Oil Could See An End Of Year Rally

Dec 25, 2020 at 10:49 | Alex Kimani

Crude oil futures have been edging higher over the past few weeks, defying the usual trend of profit-taking ahead of the Christmas holidays. WTI was trading as high…

Why There’s Still Room For Oil To Go Higher

Dec 17, 2020 at 17:29 | Irina Slav

Crude oil prices are on the rise again after a short reversal of fortunes prompted by a huge crude oil inventory build reported by the U.S. EIA last…

Goldman Turns Bullish On Oil: Sees $65 Brent In 2021

Dec 15, 2020 at 08:46 | Irina Slav

Structural underinvestment in oil and gas will put upward pressure on oil prices, Goldman Sachs’ commodities chief Jeffrey Currie told CNBC this week, commenting on commodity markets. All markets…

Oil Prices Rise As U.S. Vaccinations Begin

Dec 14, 2020 at 08:44 | Tsvetana Paraskova

Oil prices rose early on Monday after the U.S. FDA approved the Pfizer-BioNTech vaccine for emergency use and shipments of batches of vaccine vials began this weekend, with first vaccinations…

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