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Energy / Oil Prices

Oil Jumps On Expectations Of Slowing Inventory Builds

May 04, 2020 at 11:10 | ZeroHedge

Hot on the heels of Goldman's bullish reversal on the oil sector, in which the bank's commodity strategist Damien Courvalin said on Friday that "it now appears likely that the…

Oil Opens Lower As U.S.-China Spat Escalates

May 04, 2020 at 09:14 | Tsvetana Paraskova

After posting the first weekly gain in a month, oil prices plunged early on Monday as tensions between the United States and China grew over the origin of the coronavirus,…

Oil Rallies On Signs Of A Global Reopening

Apr 29, 2020 at 18:06 | Nick Cunningham

Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the oil market was the smaller-than-expected build in crude inventories reported by…

Oil Prices Jump 28% But Analysts Warn More Carnage Still To Come

Apr 29, 2020 at 07:29 | Michael Kern

The price of key U.S. benchmark West Texas Intermediate shot up 18 percent in early trading this morning as new reports emerged suggesting that the United States would not fill…

Traders Are Betting Big On An Oil Price Rebound

Apr 28, 2020 at 15:50 | Irina Slav

Global oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI contracts, Reuters’ John…

Russia Expects A Protracted Oil Price Plunge

Apr 28, 2020 at 11:02 | Tsvetana Paraskova

Even though the new OPEC+ deal is set to come into force this week, oil prices will not rise much in the near future because of very high global inventories,…

Are Oil Prices Heading Back Into Negative Territory?

Apr 28, 2020 at 08:15 | Michael Kern

Oil slipped another 20 percent in early trading on Tuesday morning before paring some of its losses as the world continues to grapple with lockdown orders. The one-two punch of…

OPEC Sees Oil Rising To $40 In Second Half Of 2020

Apr 27, 2020 at 10:04 | Tsvetana Paraskova

Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be…

Oil Prices Crash 24% As Storage Fears Mount

Apr 27, 2020 at 07:58 | Michael Kern

Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading. Global oil…

The Oil Market Crash Is Far From Over

Apr 23, 2020 at 16:28 | Nick Cunningham

WTI prices may have steadied somewhat after a wild couple of days, but the physical market for crude is still collapsing. Energy stocks posted sharp gains on Thursday as WTI…

How Oil Prices Could Go To $100

Apr 22, 2020 at 17:58 | Haley Zaremba

“We’re in a deflationary moment that surpasses anything seen in most people’s lifetimes,” proclaimed a New York Times byline on Tuesday, the morning…

Incoming 50 Million Barrel ‘Saudi Oil Bomb’ Could Send Prices Even Lower

Apr 22, 2020 at 14:53 | ZeroHedge

By now even the 165,727 "professional investors" who are long the USO ETF on the free, glitch-prone platform Robin Hood, are aware that the problem facing global oil production is…

The Very Real Possibility of -$100 Oil

Apr 22, 2020 at 10:59 | Tsvetana Paraskova

An oil analyst who warned of negative oil prices a month ago now says that the WTI Crude futures prices could crash to as low as a negative $100 per…

Oil Jumps After Trump Orders Navy To ‘’Shoot And Destroy’’ Iranian Gunboats

Apr 22, 2020 at 09:02 | Tom Kool

After two dark days for crude, oil prices are rallying again on Wednesday morning after U.S. President Trump triggered a small short-covering rally by tweeting that he has ordered the…

EX-BP CEO: Low Oil Prices Are Here To Stay

Apr 21, 2020 at 14:40 | Tsvetana Paraskova

The current situation on the oil market with too much supply and collapsing demand is similar to what happened in the middle of the 1980s when a glut led to…

Extreme Volatility In Oil Continues As WTI June Contract Tanks 65%

Apr 21, 2020 at 12:52 | Julianne Geiger

The price of a WTI barrel of oil rebounded on Tuesday and is now back in the black, mimicking the June futures contract—rather than May’s future contract that is set…

Goldman: Don’t Expect U.S. Oil Prices To Recover Soon

Apr 21, 2020 at 10:07 | Irina Slav

The recovery in U.S. oil prices is still weeks away, Goldman Sachs' head of commodities Jeffrey Currie told CNBC's Power Lunch. The reason for the note of caution is because cutting…

Brent Crude Oil Prices Fall 20% As Panic Sweeps The Market

Apr 21, 2020 at 05:31 | Michael Kern

After yesterday's historic crash which left the West Texas Intermediate U.S. benchmark settling at -$37, panic is beginning to spread through markets, with Brent…

What’s Next For Oil As Prices Go Negative?

Apr 20, 2020 at 18:04 | Nick Cunningham

Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The prices for…

$0 Oil Forces Canada To Shut Down Crude Production

Apr 20, 2020 at 09:20 | Irina Slav

Canadian oil companies have begun shutting down steam-driven oil sands production projects as prices continue to fall, Reuters reports, noting the move could have dire long-term consequences for the production…

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