Crude oil prices went lower…
Israeli authorities claimed to have…
Crude oil prices took a nosedive today after President Donald Trump tweeted late last night that both he and the first lady had tested positive for Covid-19. Brent crude…
Oil prices stabilized today after the Energy Information Administration reported a crude oil inventory draw of 2 million barrels for the week to September 25. At 492.4 million barrels,…
I have always viewed politicians that promise to ban hydraulic fracturing — commonly known as “fracking” — with some level of suspicion. In fact, a year ago as…
Oil prices turned lower on Tuesday as growing COVID-19 cases rekindled fears of a stalled demand recovery while the markets and the world prepare to watch the first U.S. presidential…
Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year, a growing number…
Gulf nations led by Saudi Arabia have been putting on a brave face and touting the strength of their economies, claiming they can withstand any…
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. …
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 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 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. …
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…
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 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 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…
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 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 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…
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…
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…
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…