 |
Louisiana Light • 3 days | 93.63 | +3.02 | +3.33% | ||
|
Bonny Light • 2 days | 98.41 | +3.23 | +3.39% | ||
|
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% | ||
|
Mars US • 3 hours | 89.81 | -1.97 | -2.15% | ||
|
Gasoline • 1 hour | 2.505 | -0.093 | -3.59% |
|
Bonny Light • 2 days | 98.41 | +3.23 | +3.39% | ||
|
Girassol • 2 days | 99.20 | +2.62 | +2.71% | ||
|
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% |
|
Peace Sour • 19 hours | 88.18 | +3.29 | +3.88% | ||
|
Light Sour Blend • 19 hours | 88.68 | +3.29 | +3.85% | ||
|
Syncrude Sweet Premium • 19 hours | 97.28 | +3.29 | +3.50% | ||
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Central Alberta • 19 hours | 86.48 | +3.29 | +3.95% |
|
Eagle Ford • 3 days | 86.87 | +0.71 | +0.82% | ||
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Oklahoma Sweet • 3 days | 87.00 | +0.75 | +0.87% | ||
|
Kansas Common • 2 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 4 days | 95.63 | -0.10 | -0.10% |
Breaking News:
Gas Production From Giant Groningen Field To Halt Completely On October 1
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An Apparently Unstoppable Oil Price Rally
There appears to be no…
Energy / Oil Prices
Short Sellers Scramble As Energy Stocks Surge
Over the past month we had repeatedly pointed out that at a time when oil and other energy commodities were soaring - and Brent last week surpassed the average price…
Why Oil Could Top $100 In Q4 2023
Oil prices have soared to a 10-month high on Wednesday, with a surprise build in U.S. crude inventories failing to dampen expectations of tight supplies for the rest of the…
Supply Cuts Boost Oil Prices But Economic Concerns Limit Gains
A slew of bullish and bearish factors have battled for dominance in the oil market this year as OPEC+ efforts to tighten the market have run up against…
Oil Prices Slip As Summer Travel Season Draws To An End
Oil prices have dipped this morning as expectations of jet fuel demand ease as the summer travel period comes to an end, alongside continued concerns over China’s uncertain…
Goldman Claims Oil Prices Could Hit $107 If OPEC+ Extends Cuts Next Year
Oil prices could hit $107 per barrel next year if OPEC+ producers do not reverse their production cuts in 2024, Goldman Sachs said, noting that a triple-digit price…
Higher Oil Prices Could Spark A Fresh Wave Of Inflation
Saudi Arabia and Russia moved with determination to support oil prices, extending their respective ongoing production and export cuts through the end of the year. In an initial…
Oil Soars Above $90 As Saudi Arabia Extends Deep Output Cuts
Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency. This brings Saudi Arabia’s…
Oil Price Forecast Gets Boost On OPEC Output Cut Expectations
A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts will be enough…
Will A Lower Oil Price Cap Finally Break Putin?
For sanctions advocates in the West, the steep slide in the value of the ruble this year is a clear sign that the economic penalties imposed on Russia…
Money Manager Sees $120 Oil Surprising Bears
Crude oil prices could be on track to hit $100 and even $120 per barrel, which calls for aggressive buying moves into the oil market now, Cole Smead, president and…
Macro Concerns Kill Off Oil Price Rally
Weaker-than-expected economic data out of China is depressing sentiment on the oil market at the beginning of this week, offsetting growing optimism that the U.S. economy would pull off a…
Analyst: Oil Is Heading Well Into The $90 Range
The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on…
Rising Oil Prices Could Threaten Fed’s Soft Landing
Higher oil prices could trigger inflation fears again, undoing part of the central banks’ efforts of the past year to tame soaring consumer prices. The fundamentals picture of the oil…
How Long Will the Oil Price Rally Last?
It’s been a wild week for oil prices. First soaring on news of the biggest U.S. inventory draw in years, benchmarks later slumped just as sharply when Fitch
Oil Prices Are On A Six-Week Winning Streak
Crude oil prices were set for yet another weekly gain after Saudi Arabia said it would extend its voluntary production cuts of 1 million bpd into September.…
The Oil Price Rally Is Gaining Serious Momentum
The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed,…
Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally
The prospects of China’s oil demand and expected further economic stimulus in the world’s top crude importer have played the biggest role in the oil price rally in July, according…
Clean Energy Investor: OPEC+ Breakup Could Send Oil Down To $35
Slowing global oil demand growth and dissent over crude production policies could lead to a break-up of the OPEC+ alliance, which would send oil prices tumbling to as low as…
Traders Turning Bullish On Saudi Supply Cuts
Hedge funds and other money managers are back to piling bullish bets on oil, expecting Saudi Arabia’s production cuts this summer to have put a higher floor under…
Texas Producers Expect Higher Oil Prices
Oil prices are headed higher later this year amid increasingly bullish fundamentals, even though the market is still very much focused on macroeconomic concerns. Supplies are tightening, thanks to the…
