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Will Oil Hit $80 This Summer?

Will Oil Hit $80 This Summer?

Oil prices have recovered significantly…

Energy / Oil Prices

Morgan Stanley Expects $40 Brent By Christmas

May 27, 2020 at 10:05 | Irina Slav

Morgan Stanley expects Brent crude to trade at $40 a barrel by the end of the year thanks to the recovery in demand, which has taken off faster than the…

Will U.S. Shale Survive If Oil Hits $40?

May 26, 2020 at 17:18 | Irina Slav

Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high…

Oil Prices Rise As Supply Shrinks

May 26, 2020 at 12:13 | Tsvetana Paraskova

Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT…

The State Of Texas Collected Huge Royalty Check Before Price Crash

May 26, 2020 at 10:09 | Tsvetana Paraskova

The state of Texas collected at least US$13.4 billion in the form of royalties and taxes from the oil and gas industry last year, just before the oil price crash,…

$30 Oil Isn’t Good Enough For U.S. Shale

May 25, 2020 at 17:29 | Nick Cunningham

The rebound of WTI from below zero back into the $30s led to a wave of bullish trading, with energy stocks rallying in response. One renowned industry expert…

Chinese Hedge Funds Are Betting Big On An Oil Price Recovery

May 25, 2020 at 11:13 | Tsvetana Paraskova

Little-known Chinese hedge funds are betting big on an oil price recovery on the Shanghai-traded yuan-denominated oil futures and are set to fill up all available storage for delivery…

Oil Is Unlikely To Go Much Higher

May 22, 2020 at 17:10 | Nick Cunningham

Oil prices have climbed nearly uninterrupted since late April, but the gains could be coming to an end.  On Friday, oil prices fell sharply, hitting the…

Oil Tumbles On Fears Of Slow Chinese Economic Recovery

May 22, 2020 at 07:44 | Tsvetana Paraskova

Oil prices dipped by more than 6 percent early on Friday, after China’s top policy-setting meeting didn’t set an annual economic growth target because of “great uncertainty” of the recovery…

Oil Climbs As Fears Of Negative Prices Fade

May 20, 2020 at 16:16 | Alex Kimani

Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that…

U.S. Oil Prices Steady As June Contract Expires

May 19, 2020 at 11:46 | Tsvetana Paraskova

U.S. oil prices continued rising early on Tuesday morning, the day on which the June contract expires, before falling slightly in what was a much smoother and uneventful trade compared…

Shale Restart Threatens WTI Rally

May 19, 2020 at 11:23 | Irina Slav

West Texas Intermediate has been on a roll, rising above $30 a barrel last week for the first time in two months.  This, however, may be about to end. The…

The Oil Rally Is Running On Fumes

May 18, 2020 at 17:51 | Nick Cunningham

Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak…

Oil Jumps 11% On Signs Of Demand Recovery

May 18, 2020 at 09:56 | Tsvetana Paraskova

U.S. benchmark oil prices surged by 11 percent early on Monday to a two-month high of over $32 a barrel amid signs of demand recovery and accelerated production cuts from…

Fragile Oil Markets Under Threat From 50 Million Barrels Of Saudi Crude

May 15, 2020 at 09:09 | Irina Slav

Some 50 million barrels of Saudi crude oil are approaching U.S. shores just as the Energy Information Administration reported the first inventory decline in months. This, according to Bloomberg, could reverse…

When Will The Next Oil Price Cycle Begin?

May 11, 2020 at 14:06 | Salman Ghouri

The world will soon bounce back from this pandemic, but the recovery will be rough and painful. The current low oil price environment will also come to an…

Oil Prices Rally As Saudi Arabia Pledges To Cut Additional 1 Million Bpd

May 11, 2020 at 09:13 | Irina Slav

Oil prices turned higher on Monday, erasing earlier losses after the world’s top oil exporter and OPEC leader, Saudi Arabia, said it would cut oil production by an additional 1…

Oil Prices Set For Second Consecutive Weekly Gain

May 08, 2020 at 10:05 | Tsvetana Paraskova

Oil prices were poised for a second weekly gain in a row early on Friday, as traders bet that the worst of the demand loss is behind us while production…

Why This Oil Rally Won't Last

May 07, 2020 at 17:41 | Nick Cunningham

Oil prices have rallied as traders believe the depths of demand destruction may be coming to an end with economies beginning to reopen. But some analysts are warning that the…

The Terrifying Truth About Trading Oil

May 07, 2020 at 12:30 | Robert Rapier

When we buy stocks – as long as we don’t trade on margin – we know that the worst case scenario is a 100% loss on our investment. But that…

Oil Jumps 10% As Saudis Raise Prices For First Time Since Price War

May 07, 2020 at 07:54 | ZeroHedge

After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its…

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