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Why Oil May Regain Upward Momentum

Why Oil May Regain Upward Momentum

Experts have predicted that positive…

Energy / Oil Prices

Brent Crude Hits $120 As Driving Season Officially Kicks Off In U.S.

May 30, 2022 at 10:11 | Julianne Geiger

Brent crude oil reached $120 per barrel on Memorial Day—the official kickoff of the summer driving season in the United States. The Brent Crude July contract was…

BofA: Sharp Decline In Russian Exports Could Send Oil Above $150

May 27, 2022 at 10:03 | Charles Kennedy

Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America. “With our…

Oil Prices Rally On Robust Demand Outlook

May 26, 2022 at 10:31 | Tsvetana Paraskova

Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of…

Oil Set For Fourth Weekly Gain Amid Tight Fuel Markets

May 20, 2022 at 10:29 | Tsvetana Paraskova

Oil prices were up early on Friday, headed for a small weekly gain, but a gain nevertheless—the fourth in a row—as gasoline and diesel supply globally struggle to meet rising…

Why Investors Should Pay Close Attention To The Disappearing WTI-Brent Spread

May 19, 2022 at 15:02 | Alex Kimani

The average investor might not think much about the oil price spread between West Texas Intermediate (WTI) and Brent Crude, which is usually only a couple of dollars…

Oil Prices May Not Drop, Even If There Is A Recession

May 19, 2022 at 10:56 | Tsvetana Paraskova

As a growing number of economists and Wall Street bankers warn that a recession is coming later this year or next year, another camp of analysts says that…

Oil Hits Eight-Week High Amid Hopes Of Recovering Chinese Demand

May 17, 2022 at 08:39 | Tsvetana Paraskova

Oil prices rose above $114 a barrel early on Tuesday, reaching the highest level in eight weeks, amid a tight global fuel market and expectations that Chinese demand will start…

Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65

May 16, 2022 at 11:51 | Simon Watkins

A key factor in the upper band of the benchmark crude oil trading ranges over the past weeks is market concern over a ban of Russian oil exports…

Brent Hits $113 As Oil Heads For Second Weekly Gain

May 06, 2022 at 07:02 | Tsvetana Paraskova

Oil prices were set for a second consecutive weekly increase early on Friday, as the EU’s proposal to ban imports of all Russian crude and oil products by…

Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks

May 05, 2022 at 10:54 | Charles Kennedy

The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in…

Oil Rallies As EU Officially Proposes Embargo On Russian Imports

May 04, 2022 at 07:33 | Irina Slav

The European Commission on Wednesday officially proposed a full ban on Russian crude and oil product imports by the end of the year—a move that sent

Oil Price Outlook Remains Bullish As Europe Prepares Russian Embargo

May 03, 2022 at 08:00 | Irina Slav

Crude oil prices remained bullish Tuesday morning after the latest signal from the European Union that it is preparing to impose an oil embargo on Russia.

Is It Fair To Blame Oil Companies For High Prices?

May 02, 2022 at 08:29 | Robert Rapier

With oil prices still over $100 a barrel, one thing is certain. Oil companies are going to make big profits. But misconceptions abound about the connection between high…

Oil Set To Record Longest Winning Streak In 3 Years

Apr 29, 2022 at 07:35 | Irina Slav

Crude oil prices are set to record the longest string of monthly gains since early 2018, Bloomberg reported today, citing the increased price volatility resulting from the war…

World Bank Sees High Energy Prices For Years After Russia’s War In Ukraine

Apr 26, 2022 at 11:06 | Tsvetana Paraskova

The biggest energy shock since the 1970s is expected to keep oil and other energy prices elevated for years as the Russian invasion of Ukraine is changing energy trade flows…

Brent Crude Falls Below $100 On China Lockdown Fears

Apr 25, 2022 at 11:27 | Charles Kennedy

Oil prices have fallen to a two-week low, dipping below $100 on fears of the further demand consequences of a COVID-19 lockdown in China that has sparked bearish…

Chinese Oil Demand Set For 1.2 Million Bpd Plunge In April  

Apr 22, 2022 at 08:21 | Tsvetana Paraskova

Oil demand in the world’s top crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ago—the largest hit to…

Large Crude Draw Sends Oil Prices Higher

Apr 20, 2022 at 09:37 | Irina Slav

Crude oil price moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. This…

Oil Dips As IMF Slashes Economic Growth Forecasts

Apr 19, 2022 at 13:09 | Charles Kennedy

As Shanghai prepares to reopen factories amid a strict COVID-19 lockdown that had driven oil prices lower last week, the IMF has cut its global economic growth forecasts…

JPMorgan: Immediate EU Ban On Russian Oil Could Send Prices To $185

Apr 19, 2022 at 10:27 | Tsvetana Paraskova

Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says. The…

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