 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.782 | -0.002 | -0.06% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 1 day | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 2 hours | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 2 hours | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 2 hours | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 2 hours | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 1 day | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 1 day | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
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Energy / Oil Prices
Oil Traders Turn Bears Fast and Furiously
Just a few months ago, oil prices were on the rise, talk on Analyst Street was about a deficit to manifest itself by the end of the year, and, as…
Saudi Prince Says Oil Output Cuts Could Extend Beyond March
Saudi Energy Minister Prince Abdulaziz bin Salman told Bloomberg on Monday that OPEC+ production cuts could extend beyond March 2024 if the market requires it, criticizing commentators for…
Why Did Oil Drop on an OPEC+ Output Cut and Will the Selling Continue?
Over the last twenty years or so, I have spent a lot of time teaching and mentoring aspiring traders. During that time, I have heard a lot of questions, but…
Why Oil Prices Fell After OPEC+ Announced Deeper Output Cuts
Initial leaks from the OPEC+ meeting suggested that the voluntary nature of additional output cuts is likely contributing to the negative market sentiment. "Drowning in detail" is how another…
Oil Prices Stable in Anticipation of Key OPEC+ Meeting
Brent crude futures were steady on Friday as traders kept their powder dry ahead of an OPEC+ meeting that could bring agreement on further supply cuts.
Oil Hedging Volumes 62% Below 2020 Levels
Oil and commodity producers as well as heavy consumers frequently employ a variety of hedging strategies to protect themselves against market fluctuations. Oil producers typically use a short…
The Middle East Enjoys Its Last Month of High Prices Before Cuts Kick In
Having enjoyed a strong third quarter with Brent prices averaging 86 per barrel, the oil producer countries of the Middle East are now facing a much direr outlook into the…
Oil Sheds Over 3% As Markets Remain Unconvinced On China
A day after the Energy Information Administration (EIA) released its inventory report showing a 3.59-million-barrel jump in U.S. crude oil stockpiles, oil prices are trading down well over…
Oil Markets Wrongfooted By Change In Speculative Buying
Last week, oil prices logged a third straight weekly decline, sinking to the lowest level since mid-July as concerns about demand continue to replace the fear of production outages related…
A Less Hawkish Fed Could Jumpstart The Oil Price Rally
In recent times, fears of a spillover in the conflict between Israel and Hamas, which could embroil Iran and its allies in the region, have offered considerable support to oil…
Standard Chartered: $98 Oil Is Well Supported By Fundamentals
Oil prices have been a rollercoaster over the past couple of months as negative catalysts frequently outshine the positive ones and vice-versa. In recent times, fears of a spillover in…
Middle East Producers Cautious To Hike Prices In Tight Market
Tensions in the Middle East escalated just as oil prices declined into potentially dangerous territory for major OPEC+ players such as Saudi Arabia. Before October 7, Dubai was…
How High Could War In The Middle East Drive Oil Prices?
When Hamas struck Israel earlier this month, the first reaction of many people watching the energy space was the recall of a memory: a memory of the 1973 oil crisis.…
Oil Prices Set For A Weekly Gain As The War Premium Returns
Crude oil prices started trade today with a gain that could extend a winning streak that began last week. At the time of writing, Brent crude was…
Treasury Targets Firms Ignoring $60 Cap On Russian Crude
The U.S. Treasury Department has announced sanctions on two companies for allegedly violating a price cap on Russian oil agreed last year by Western countries. Vessels…
3 Key Risk Factors In Oil Right Now
In the past 2 weeks, the price for Brent crude oil has closed as high as $96.55 per barrel and as low as $84.07, while yesterday it settled…
U.S. Shale Producers Remain Cautious Despite Oil Rally
Earlier this month, the Dallas Fed reported that the local oil industry was getting more upbeat about the future, expecting higher prices and expanding production. In fact, the Dallas…
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…
