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Energy / Oil Prices

Oil Markets In Limbo Ahead Of OPEC Meeting

Oil Markets In Limbo Ahead Of OPEC Meeting

Mar 15, 2019 at 13:58 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to settle the week higher after hitting new highs for the year earlier in the week.…

Oil Prices To Skyrocket If U.S. Shale Stalls

Oil Prices To Skyrocket If U.S. Shale Stalls

Mar 13, 2019 at 15:50 | Nick Cunningham

A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen…

Oil Looks Set For A Significant Drop As Bad Data Piles Up

Oil Looks Set For A Significant Drop As Bad Data Piles Up

Mar 08, 2019 at 17:36 | Martin Tillier

The last 72 hours have not been good for the prospects for the global economy, and therefore for the price of oil. On Thursday, the European Central Bank (ECB) surprised…

Bearish Economic News Weighs On Crude

Bearish Economic News Weighs On Crude

Mar 08, 2019 at 17:27 | Jim Hyerczyk

A combination of bearish economic events is weighing on crude oil futures on Friday, putting the markets in a position to finish the week lower. The central theme driving prices…

Is This As Good As It Gets For Oil?

Is This As Good As It Gets For Oil?

Mar 06, 2019 at 17:30 | Philip Verleger

Crude oil prices have gone up twenty-seven percent from their Christmas week lows. Many analysts, company representatives, and OPEC officials see them rising further. The 1.2-million-barrels-per-day cut in oil production…

Oil Prices Rise On Imminent Trade Deal

Oil Prices Rise On Imminent Trade Deal

Mar 01, 2019 at 08:55 | Irina Slav

Crude oil started the day with gains on reports from Washington that a U.S.-Chinese trade deal is imminent, S&P Global Platts reports, noting Treasury Secretary Steven Mnuchin had said…

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…

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