 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 20 hours | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.577 | 0.000 | -0.02% |
|
Bonny Light • 20 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 20 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 19 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 19 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 19 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 19 hours | 75.53 | -0.70 | -0.92% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
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Energy / Oil Prices
WTI Spikes Above $60 For First Time In Nearly Two Months
Oil prices spiked on Wednesday afternoon after the Energy Information Administration (EIA) reported a significant decrease in crude oil inventories in the United States, combined with the…
Oil Prices Edge Up Ahead Of Crude Inventory Reports
Oil prices were up early on Tuesday as market participants turned their attention to the tension around Iran and OPEC’s extended cuts, awaiting a busy week of reports and testimonies…
‘‘Psychological War’’ With Iran Fails To Move Oil Markets
The Trump administration refrained from a military strike last month, but the U.S. and Iran’s cycle of escalation continues. Iran announced its latest plans to reduce its commitment to the…
Oil Barely Budges On Slew Of Bullish News
With the Trump-Xi meeting leading to a restart of trade negotiations and the OPEC+ summit resulting in an extension of the production cuts, two major uncertainties facing the oil…
Oil Prices Set For Worst Weekly Drop In Five Weeks
Concerns about weakening global economy and oil demand growth trumped simmering U.S.-Iran tensions and OPEC and allies’ rollover of the production cuts into 2020, sending oil prices early on Friday…
Trade Deal Could Send Oil To $75
While OPEC and its allies successfully reached a deal to extend its production cut quotas into 2020, the oil price response was markedly disappointing, leaving the market to wonder if…
Trade Truce Sends Oil Prices Higher
Oil prices jumped to their highest point in more than a month, pushed higher by an OPEC+ deal and the ceasefire between Trump and Xi, at least for now. The…
Survey: Oil Experts See WTI In $50-70 Range This Summer
The vast majority of 22 oil experts surveyed by CNBC this week expects WT Crude to trade between $50 and $70 a barrel at…
Oil Holds Steady Amid Small Rig Count Decline
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point…
Oil Shoots Up As Iran Says ‘’It’s Ready For War’’
Oil was woken out of its slumber by yet another round of escalation between the U.S. and Iran, although the matter took on greater importance to oil markets only because…
Oil Spikes On Soaring U.S., Iran Tensions
Oil prices spiked on Thursday after Iran shot down a U.S. drone over the vital oil shipping lane, the Strait of Hormuz, in the latest escalation of the U.S.-Iran standoff…
Oil Prices Jump On Hopes Of End To U.S.-China Trade War
Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade…
The Oil Price Risk Analysts Are Ignoring
Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of…
Middle East Torpedo Attacks Send Oil Prices Soaring
Oil prices surged early on Thursday after two oil tankers were reported to have been hit by explosions in the Gulf of Oman between Iran and the United Arab Emirates…
Have Canadian Oil Prices Hit The Sweet Spot?
When Alberta’s previous government, led by Rachel Notley, instituted obligatory oil production cuts to arrest a serious discount in prices to WTI, some in the industry weren’t happy. Others, however,…
OPEC’s Struggle To Avoid $40 Oil
A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to…
Russian Energy Minister: Oil Could Still Drop To $30
There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of…
Expect More Bearish News For Oil
Pop goes the weasel. How quickly things can change in the oil market. In less than two months, the oil outlook has swung from strongly bullish to decidedly bearish. Only…
Oil Just Had Its Worst Run Since 2008
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is…
Oil Resilient Despite Trade Talk Failure
Reports of a new policy paper published by the Chinese government pushed oil prices lower in Asian trade this morning, dragging benchmarks downward. Prices quickly rebounded, however, on Saudi reassurances…
