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Citi Bank Sees $60 Oil In 2021

Citi Bank Sees $60 Oil In 2021

Oil prices are set to…

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Libyan strongman General Khalifa Haftar…

Energy / Oil Prices

String Of Bullish News Sends Oil Rallying Above $40

Sep 18, 2020 at 11:08 | Tsvetana Paraskova

Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel.   …

Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End

Sep 18, 2020 at 10:02 | Tsvetana Paraskova

Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices…

Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check

Sep 17, 2020 at 16:59 | Julianne Geiger

Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter. WTI crude prices rose by…

Oil Prices Rise On Hurricane Outages

Sep 15, 2020 at 10:52 | Tom Kool

Oil prices rose on Tuesday afternoon, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets. …

Citi Bank Sees $60 Oil In 2021

Sep 14, 2020 at 09:59 | Tsvetana Paraskova

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which…

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Sep 14, 2020 at 09:04 | Irina Slav

Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.…

Russia’s Central Bank Warns That Oil Could Slide To $25

Sep 10, 2020 at 09:05 | Irina Slav

Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports. That scenario,…

Oil Prices Regain Lost Ground As Stock Markets Recover

Sep 09, 2020 at 12:56 | Julianne Geiger

Oil prices are fighting hard to regain some ground after falling hard on Tuesday, but WTI still is barely above $38. Prices fell hard on Tuesday, falling…

Oil’s Luck Runs Out As Driving Season Ends

Sep 08, 2020 at 16:55 | Irina Slav

This year’s driving season was a disappointment for those who hoped and expected it to pull oil prices higher, helped by the pandemic that, those optimists reasoned, would…

Fitch Cuts Long-Term WTI Oil Price Outlook To $50

Sep 08, 2020 at 12:17 | Tsvetana Paraskova

Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower breakevens, and…

Oil Prices Tank On Global Demand Concerns

Sep 08, 2020 at 08:59 | Tsvetana Paraskova

Oil prices plunged on Tuesday morning, with the Brent benchmark sliding to $40 a barrel, as the market looks increasingly concerned that oil demand recovery is faltering with the end…

Do Oil Market Fundamentals Justify $40 WTI?

Sep 07, 2020 at 13:35 | Osama Rizvi

Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and…

WTI Drops Below $40 Amid Stock Market Rout

Sep 04, 2020 at 10:49 | Julianne Geiger

Oil prices tumbled on Friday morning, preparing to finish out the week $3 per barrel less than last Friday’s level. It is the largest weekly drop since June. U.S. oil…

What Explains The Sudden Drop In Oil Prices?

Sep 03, 2020 at 12:02 | Tsvetana Paraskova

Oil prices dropped on Thursday morning, extending losses from Wednesday’s close to the lowest levels in more than a month, after U.S. data showed gasoline demand is faltering despite major…

Oil Prices Jump On Major Hurricane-Driven Crude Draw

Sep 02, 2020 at 09:42 | Irina Slav

Crude oil prices rebounded on Wednesday morning after the Energy Information Administration reported a crude oil inventory draw of 9.4 million barrels for the week to August 30. This…

The Real Reason The Oil Rally Has Fizzled Out

Sep 01, 2020 at 16:50 | David Messler

One of the themes that is emerging as we review investment candidates is the era of oil growth, which is at least going to take a substantial pause,…

Goldman Expects Oil To Reach $65 Next Year

Sep 01, 2020 at 10:03 | Irina Slav

Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman…

Nigeria Prepares For An Extended Period Of Low Oil Prices

Aug 28, 2020 at 10:57 | Tsvetana Paraskova

Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said…

The Bearish Case For Oil Prices

Aug 24, 2020 at 15:53 | Tsvetana Paraskova

It is not only the slower-than-expected global oil demand recovery that is weighing on oil prices. Some major geopolitical events and the return of previously curtailed U.S. shale…

Oil Rallies As Twin Storms Force Shut-Ins In Gulf Of Mexico

Aug 24, 2020 at 09:00 | Irina Slav

Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production on Monday as two tropical storms threaten operations Oil and gas…

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