 |
Louisiana Light • 1 day | 87.56 | +0.00 | +0.00% | ||
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Opec Basket • 1 day | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 179 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 18 mins | 2.702 | -0.047 | -1.72% |
|
Bonny Light • 1 day | 88.85 | -1.30 | -1.44% | ||
|
Girassol • 1 day | 89.64 | -1.21 | -1.33% | ||
|
Opec Basket • 1 day | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 10 hours | 75.83 | -1.22 | -1.58% | ||
|
Light Sour Blend • 10 hours | 78.88 | -1.22 | -1.52% | ||
|
Syncrude Sweet Premium • 10 hours | 85.83 | -1.22 | -1.40% | ||
|
Central Alberta • 10 hours | 76.23 | -1.22 | -1.58% |
|
Eagle Ford • 1 day | 79.11 | +0.00 | +0.00% | ||
|
Oklahoma Sweet • 1 day | 79.00 | +0.00 | +0.00% | ||
|
Kansas Common • 1 day | 73.00 | -1.00 | -1.35% | ||
|
Buena Vista • 4 days | 88.82 | +0.60 | +0.68% |
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Barclays: Head-Spinning Volatility In Oil Will End
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 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
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
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 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…
Goldman: ‘Shock And Awe’ OPEC Cuts To Send Oil Higher Soon
Goldman Sachs expects Brent Crude prices to hit US$67.50 a barrel in the second quarter of the year as ‘shock and awe’ production cuts by OPEC and increased supply…
Oil Prices Rise On Larger-Than-Expected OPEC Production Cuts
Oil prices rose early on Wednesday, supported by a renewed commitment of OPEC and its de facto leader and biggest producer Saudi Arabia to cut deeper than pledged and do…
Hedge Funds Unsure Where Oil Prices Are Going
Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as…
Why WTI Is A Global Oil Market Benchmark
Oil markets are global, and therefore oil prices around the world generally move in tandem. There are differences in oil prices based on quality and geography, but the fungible nature…
Oil Prices Drop After Touching 2019 High
Oil prices turned sharply down on Monday, after having reached 2019 highs earlier in the day, as concerns about the global economy resurfaced and a firmer U.S. dollar reduced investors’…
The Next Big Threat For Oil Comes From China
There is a widespread concern in the world regarding China’s decelerating economic growth. The slowdown, if it continues, threatens economic activity almost everywhere. Growth in Germany, for example, has already…
Oil Prices Rise As Saudis Pledge Deeper Cuts
Saudi Arabia is determined to restore the balance on the oil market and is cutting deeper than required in the OPEC+ deal, with February crude production likely close to 10.1…
Is The Downside Risk For Oil Growing?
Oil prices sank on Monday on a large increase in the U.S. rig count last week, which raised fears of a renewed drilling campaign from American shale drillers. The U.S.…
The Most Important Oil Factor In 2019
The oil market is heading towards rebalancing this year, most analysts seem to think, with OPEC+ production cuts, combined with a potential slowdown in U.S. shale eating away at…
Oil Stabilizes As Concerns About Asia, U.S. Shale Ease
Oil prices were mostly flat on Wednesday morning, amid signs that U.S. shale growth is slowing down and that major Asian economies will be rolling out fiscal stimulus to boost…
Oil Prices Plunge On Fears Of Global Economic Slowdown
Oil prices plunged by more than 3 percent on Tuesday morning as rekindled fears of global economic growth slowdown put an abrupt pause to the oil price rally in recent…
Oil Flat As U.S. Drilling Slows Down
Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling…
The Two Major Factors Pushing Oil Prices Higher
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Friday, putting both markets in a position to close higher for the week. The…
What’s Behind Oil’s Slow Flash Crash?
Crude oil prices declined forty percent between October 1 and Christmas Day in 2018. The decrease has been variously attributed to the United States’ failure to follow through on its tough…
Canada’s Oil Trades At Smallest Discount To WTI In A Decade
Canada’s benchmark heavy oil price has recovered since the oil-rich Alberta province mandated in December an oil production cut of more than 300,000 bpd, with the discount of Canadian oil…
