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Why Oil May Regain Upward Momentum

Why Oil May Regain Upward Momentum

Experts have predicted that positive…

Energy / Oil Prices

Why Oil May Regain Upward Momentum

May 22, 2024 at 18:19 | Alex Kimani

Dynamics in the global oil markets have shown little change over the past couple of weeks with pessimism still high and hedge funds still leaning towards the short side of…

Oil Prices Maintain Losing Streak on Inflation Confusion

May 22, 2024 at 12:54 | Tom Kool

The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the beginning of the week, with Brent crude also losing ground…

Citi Sees Oil Prices Falling to $70 Range in Q3 2024

May 14, 2024 at 09:09 | Alex Kimani

Oil prices have pulled back sharply to a three-month low as a combination of demand concerns and easing geopolitical premium take a toll. Last week, the Energy Information Administration's (EIA)…

Reuters Estimates: Russian Oil and Gas Revenue to Double in April

Apr 24, 2024 at 10:26 | Charles Kennedy

Higher oil prices are expected to double Russia’s oil and gas revenues in April compared to the same month last year, according to Reuters calculations based on data from…

Geopolitical Tensions Fail to Spark Oil Price Surge

Apr 19, 2024 at 09:47 | Tsvetana Paraskova

The tensions in the Middle East have highlighted the ebb and flow of the geopolitical risk premium in oil prices so far this month. Analysts believe that oil currently includes…

Traders Became More Bullish on Oil As Middle East Risk Surged

Apr 17, 2024 at 12:44 | Tsvetana Paraskova

Hedge funds and other portfolio managers began to include a higher risk premium in their oil price trades early this month as tensions in the Middle East spiked. Money managers…

Rising Middle East Risk Sparks Fear of $100 Oil

Apr 16, 2024 at 12:29 | Tsvetana Paraskova

Despite Iran’s attack on Israel over the weekend, oil prices dropped on Monday as an Iranian response to the Israeli hit on the Iranian diplomatic mission in…

Is $100 Oil Within Reach?

Apr 05, 2024 at 11:27 | Editorial Dept

A few weeks ago, when WTI crude was trading just below $80, I wrote here that I was about to break with my usual, contrarian trading style and establish a…

Wall Street Remains On The Sidelines as Oil Jumps to $90

Apr 04, 2024 at 15:57 | Alex Kimani

After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical…

Oil Could Rise More than Anyone Expects This Year

Mar 14, 2024 at 09:33 | Irina Slav

Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate…

What Does China’s New Economic Growth Target Mean For Oil Prices?

Mar 11, 2024 at 17:43 | Simon Watkins

China’s stunning economic growth was almost single-handedly responsible for the commodities supercycle from the late 1990s to the onset of the 2014-2016 Oil Price War, as analysed in full in 

Traders Cautiously Optimistic About Crude

Feb 16, 2024 at 09:45 | Editorial Dept

Weekly Performance and Overview As the week concludes, West Texas Intermediate (WTI) crude oil is experiencing a modest gain, increasing by approximately 1.35%. This movement reflects the interplay of…

Brent Needs To Be $90 or Higher To Reflect Actual Fundamentals

Feb 15, 2024 at 08:06 | Alex Kimani

Oil prices have enjoyed a sustained rally in the current month thanks to bullish demand projections and encouraging oil product inventory draws. Brent briefly touched this year’s high at…

Oil Prices Set to Rise as Global Stock Refills Ramp Up

Feb 14, 2024 at 07:12 | Tsvetana Paraskova

China’s rebuilding of oil inventories and higher crude purchases elsewhere for fear of escalating shipping disruptions in the Red Sea are set to support global oil demand and benchmark prices…

Oil Gains 2% as Israel Rejects Gaza Ceasefire Deal, US Gas Inventory Plummets

Feb 08, 2024 at 10:22 | Charles Kennedy

Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza, with Israeli forces launching new air strikes on Rafah city, and…

Oil Poised for Biggest Weekly Loss since November

Feb 02, 2024 at 09:20 | Tom Kool

Oil prices were falling by 2% on Friday morning and were headed to their biggest weekly decline since November 2023 as reports continue to emerge that negotiations of a possible…

Oil Prices Drop, Recover on Gaza War Ceasefire Proposal Rumors

Feb 01, 2024 at 12:56 | Julianne Geiger

Oil prices began tanking on Thursday afternoon as news was reported by Al Jazeera that Israel and Hamas had agreed to a ceasefire proposal that could put an end to…

U.S. Crude Oil Could Be Ripe for A Short Squeeze

Jan 29, 2024 at 18:35 | Tsvetana Paraskova

Crude oil inventories at Cushing have dropped to their lowest level for this time of year in over a decade, suggesting that a short squeeze could be coming for the…

Red Sea Disruptions Force Saudi Aramco to Slash Prices

Jan 25, 2024 at 10:14 | Gerald Jansen

Logistics have been pushed to the forefront of oil trade as Houthi missile and drone attacks continue to disrupt navigation through the Red Sea and the Suez Canal. The list…

Analysts Predict a Challenging Year for Oil Prices in 2024

Jan 10, 2024 at 08:55 | Irina Slav

Oversupply, weak prices, and lukewarm demand growth are the three horsemen of low oil prices that analysts expect to become the most probable scenario for this year. The only factor…

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