 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 24 hours | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 hours | 2.721 | -0.005 | -0.17% |
|
Bonny Light • 24 hours | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 24 hours | 89.45 | +0.81 | +0.91% | ||
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Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 23 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 23 hours | 85.10 | -0.32 | -0.37% | ||
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Central Alberta • 23 hours | 75.50 | -0.32 | -0.42% |
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Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Breaking News:
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Energy / Oil Prices
Will Brent Break Below $70 This Year?
Brent oil prices briefly slumped to $70 per barrel on Monday as fears of a recession and a wider banking crisis roiled markets and sent speculators fleeing riskier…
OECD: Falling Energy Prices Could Bolster Global Economic Growth
Signs have emerged of a slight improvement in the global economy, thanks to falling energy and food prices in early 2023, the OECD said on Friday as it raised its…
Are Oil Prices Set For A Quick Comeback?
The energy markets are going through one of their worst selloffs in recent times as fears of a new global crisis continue to roil financial markets. Oil prices have crashed…
New Global Crude Flows Make UAE A More Powerful Oil Trading Hub
In 2021, India's refining giant Reliance Industries announced plans to move most of its oil-trading staff from Mumbai to Dubai. In 2022, Swiss-based Litasco, the trading arm of…
Bank Collapse Contagion Fears Spread To Oil Prices
Oil prices have fallen over $2 on Monday, and were down as much as $4 in early trading, as fears of a contagion spread following the sudden collapse…
Will We See A Return Of Triple Digit Oil This Year?
Oil prices have been stuck in a tight range since erasing the gains of the Russian invasion of Ukraine at the end of last year. For most of last year,…
Oil Prices Are Set To Rise Throughout 2023
Crude oil prices started this week with a loss. The reason for that initial weekly loss came down to overall global economic growth pessimism and expectations that the U.S. Federal…
Middle East Producers Cannot Afford To Significantly Hike Oil Prices
As the OPEC+ meeting in the first days of February only confirmed the oil group is intent on maintaining its strategy and will avoid sudden and drastic moves, Saudi Arabia…
What The Business Cycles Tell Us About Oil Prices
The oil and gas markets are currently in the throes of yet another downturn, with Brent crude down 34% from its May 2022 peak while U.S. Henry Hub natural gas…
U.S. Shale To Set Production Record In March
In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets.
Oil Prices Continue To Slide On Rising US, EU Inventories
After rebounding by some 5% earlier this week on China demand recovery optimism, crude oil prices have shed over 1% on Thursday, following U.S. inventory data showing increasing…
Why Middle East Producers Cut Prices In The Face Of Soaring Chinese Oil Demand
China is back, and even the most ardent skeptics of Beijing’s policy easing will be compelled to admit that there is great upside in global oil demand in 2023. China…
Big Oil Reports Record Profits, But There's A Catch
Big Oil had a record year in 2022, earning billions from the imbalance between oil and gas demand and supply, and from the massive uncertainty that geopolitical events…
Momentum Grows For Oil, But Recession Fears Cap Gains
U.S. West Texas Intermediate crude oil futures settled about 2% higher on Thursday on positive U.S. economic data and optimism that global demand will strengthen as top oil importer China…
Why Oil Won’t Trade Above $100 This Year
After an initial dip, the oil price rally has been a steady grind upwards in the current year, with the last 12 trading days seeing 10 days of…
U.S. Gasoline Prices Continue To Climb
Gasoline prices continue to climb for the fourth straight week, rising 32.7 cents over the last month as crude oil prices rise, data from AAA showed on Monday. Gasoline prices…
Will Oil Continue To See Extreme Volatility?
Last year saw some quite significant swings in oil prices, mostly driven by geopolitical events but also by China’s zero-Covid policy. This year appears to signal calmer waters…
Oil Prices Gain On Optimistic U.S. Inflation Data
Oil prices are trading up Thursday following the release of U.S. inflation data for December, showing a continued slowdown in the Consumer Price Index (CPI) climb and an…
Andurand: Oil Prices Could Exceed $140 If China's Economy Fully Reopens
Crude oil prices could exceed $140 per barrel yet this year if China’s economy fully reopens, hedge fund manager Pierre Andurand said on Friday. Andurand sees the possibility of crude…
Where Are Oil Prices Heading In 2023?
At the beginning of 2023, several factors are at play in determining the short and medium-term trend in oil prices this year. Supply and demand concerns, tightening monetary…
