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Oil Starts August With A Loss

Oil Starts August With A Loss

Oil prices fell early on…

WTI Falls Below $70 On Global Rise In COVID Cases

WTI Falls Below $70 On Global Rise In COVID Cases

The U.S. benchmark, WTI Crude,…

Energy / Oil Prices

Exxon’s Falling Production Is Highly Bullish For Oil Prices

Aug 04, 2021 at 12:27 | Alex Kimani

Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil's most anticipated scorecards this earnings season. The United States' largest oil and…

Saudi Aramco Hikes Oil Prices To Asia For Second Consecutive Month

Aug 04, 2021 at 10:59 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle…

WTI Falls Below $70 On Global Rise In COVID Cases

Aug 03, 2021 at 09:25 | Tsvetana Paraskova

The U.S. benchmark, WTI Crude, slumped below $70 per barrel early on Tuesday in the second day of sell-offs triggered by surging COVID cases worldwide, including in the biggest economies,…

Could Oil Still Hit $80?

Aug 03, 2021 at 08:59 | Irina Slav

Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet…

Oil Prices Continue To Fall On Delta Variant

Aug 02, 2021 at 15:58 | Julianne Geiger

Oil prices started August in the red, and kept falling into the afternoon, with both benchmarks trading down more than 3% near Monday’s close. The price of…

Oil Starts August With A Loss

Aug 02, 2021 at 10:09 | Tsvetana Paraskova

Oil prices fell early on Monday to start August with losses after posting a fourth consecutive month of gains in July.   Oil settled higher on Friday to end the…

Analysts See Oil Trading Closer To $70 Through Year-End

Jul 30, 2021 at 10:53 | Tsvetana Paraskova

Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants…

Oil Opens Lower As Delta Variant Fears Clash With Tight Supply

Jul 26, 2021 at 09:30 | Tsvetana Paraskova

Oil prices were trading slightly down early on Monday after having fallen 1 percent in Asia trade, as the bullish factor of tight market countered the bearish factor of the…

Traders Brace For Major Oil Market Volatility This Summer

Jul 21, 2021 at 13:54 | Tsvetana Paraskova

After a period of relative stability in the oil market where U.S. crude benchmark WTI was trading above $70 a barrel for more…

Oil Dips After EIA Reports Crude Inventory Build

Jul 21, 2021 at 09:38 | Irina Slav

Crude oil prices briefly dipped after the Energy Information Administration reported a crude oil inventory build of 2.1 million barrels for the week to July 16. Last week’s inventory build…

Oil Rallies After Poor Open

Jul 21, 2021 at 08:58 | Tsvetana Paraskova

Oil prices started Wednesday trade in Asia lower, extending the slide from late on Tuesday, when an industry report of a surprise U.S. crude inventory increase stopped the rise in…

Hedge Funds Won Big On OPEC Spat

Jul 20, 2021 at 12:02 | Tsvetana Paraskova

Money managers continue to take profits on oil futures and options contracts after crude prices hit multi-year highs in early July.   Hedge funds and other portfolio…

Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss

Jul 20, 2021 at 08:34 | Julianne Geiger

After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state…

Goldman Sachs Raises Oil Price Forecast Following OPEC Deal

Jul 19, 2021 at 10:04 | Tsvetana Paraskova

The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a…

Oil Prices Crash After OPEC+ Reaches Deal To Ease Cuts

Jul 19, 2021 at 08:18 | Tsvetana Paraskova

Oil prices dropped by 5 percent early on Monday, with WTI Crude slipping to $67 per barrel, after OPEC+ decided on Sunday it would start returning 400,000 barrels per day…

Oil Suffers Double Whammy In Weakest Week Since March

Jul 16, 2021 at 09:06 | Charles Kennedy

Oil prices are likely to record their worst week since March under the double blow of additional OPEC supply coming to markets and unfavorable fuel inventory data from the United…

Oil Slips On Prospect Of Rising OPEC+ Supply

Jul 15, 2021 at 11:01 | Tsvetana Paraskova

Oil prices dropped early on Thursday as the market assesses the prospect of higher crude supply from the OPEC+ group after a reported compromise between key OPEC members Saudi Arabia…

Goldman Bullish On Oil Despite Saudi-UAE Agreement

Jul 15, 2021 at 08:58 | Irina Slav

Goldman Sachs has reiterated its $80 price forecast for Brent crude despite reports that Saudi Arabia and the United Arab Emirates had reached a deal on oil production that…

Oil Stabilizes After Saudi-UAE Compromise Removes Major Uncertainty

Jul 14, 2021 at 10:05 | Tsvetana Paraskova

Oil prices steadied on Wednesday morning before the EIA inventory report after a reported compromise between Saudi Arabia and the UAE over baseline production levels removed a major uncertainty that…

High Oil Prices Threaten The Global Economic Recovery

Jul 12, 2021 at 16:05 | Tsvetana Paraskova

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in…

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