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Bank Of America: $90 Brent May Be Around Corner

Bank Of America: $90 Brent May Be Around Corner

Bank of America Merill Lynch…

STEO: Brent To Average $70 This Year

STEO: Brent To Average $70 This Year

The Energy Information Administration expects…

Energy / Oil Prices

Oil Prices Could Soar On Trade War Truce

Oil Prices Could Soar On Trade War Truce

Feb 26, 2019 at 15:24 | Nick Cunningham

President Trump extended the trade talks with China, citing “substantial progress,” which will defuse one of the largest downside risks to the oil market, at least for a while longer.…

Goldman: Brent Oil To Reach $70-$75 Soon

Goldman: Brent Oil To Reach $70-$75 Soon

Feb 25, 2019 at 10:09 | Tsvetana Paraskova

As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding…

Oil Slides After Trump Calls On OPEC To “Take It Easy”

Oil Slides After Trump Calls On OPEC To “Take It Easy”

Feb 25, 2019 at 08:09 | Tsvetana Paraskova

Oil prices turned sharply lower on Monday morning, reversing early gains, after U.S. President Donald Trump took to Twitter again to criticize OPEC and the high oil prices. Both benchmarks…

Oil Hits Fresh 2019 High As Trade Deal Hopes Boost Prices

Oil Hits Fresh 2019 High As Trade Deal Hopes Boost Prices

Feb 22, 2019 at 09:34 | Tsvetana Paraskova

Oil prices rose early on Friday, heading for a second weekly increase, driven up by optimism that the U.S. and China will forge a trade deal and that OPEC’s resolve…

Oil To Rise As U.S., China Outline Trade Deal

Oil To Rise As U.S., China Outline Trade Deal

Feb 21, 2019 at 17:14 | Nick Cunningham

Oil prices are likely to jump if Trump and Xi can hash out a deal. The U.S. and China have started to sketch out the framework of a comprehensive trade…

Barclays: Head-Spinning Volatility In Oil Will End

Barclays: Head-Spinning Volatility In Oil Will End

Feb 20, 2019 at 17:42 | Nick Cunningham

Two separate reports from major investment banks over the past week put forward this argument. Bank of America Merrill Lynch predicts that medium-term oil prices will be “anchored” around $60…

Oil Prices Near Three-Month High As Market Tightens

Oil Prices Near Three-Month High As Market Tightens

Feb 18, 2019 at 09:15 | Tsvetana Paraskova

Oil prices rose early on Monday, extending last week’s gains amid rekindled hopes that the U.S. and China could reach a trade deal and growing signs of a tightening market,…

Flurry Of Bullish News Boosts Oil Prices

Flurry Of Bullish News Boosts Oil Prices

Feb 15, 2019 at 16:16 | Irina Slav

Oil market sentiment has swung from bearish to bullish in the last few days as tailwinds for the commodity strengthen. A string of updates from OPEC and Venezuela, along with…

The Biggest Problem Behind The U.S. Shale Boom

The Biggest Problem Behind The U.S. Shale Boom

Feb 15, 2019 at 16:16 | Nick Cunningham

U.S. shale production is expected to continue to soar well into the 2020s. And that is a major problem. Over the past decade, U.S. oil production has more than doubled,…

Brent Crude Hits 2019 High At $65

Brent Crude Hits 2019 High At $65

Feb 15, 2019 at 09:22 | Tsvetana Paraskova

Brent Crude hit $65 a barrel early on Friday, reaching the highest price so far this year and the highest level since November, as larger-than-expected cuts from Saudi Arabia and…

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