 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 176 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 1 day | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 1 day | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 1 day | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 1 day | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 1 day | 86.77 | +0.76 | +0.88% | ||
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Central Alberta • 1 day | 77.17 | +0.76 | +0.99% |
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Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Geopolitical Tensions Fail to Spark Oil Price Surge
The fluctuating prices in response…
Energy / Oil Prices
Russian Energy Minister: No Additional Output Cuts Are Needed
While the oil market is increasingly questioning if OPEC/non-OPEC’s production cuts have any effect, Russia’s Energy Minister Alexander Novak weighed in on Thursday, saying that the production cut pact…
‘’U.S. Rig Count Must Drop 150 For Oil Markets To Balance’’
Analysts and investors have been growing increasingly concerned that the OPEC-led production cuts would not be enough to bring the oil market back to balance, and now one investment bank,…
Don’t Hold Your Breath For Deeper OPEC Cuts
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. A month…
Oil Slides As Russia Speaks Out Against Deeper Output Cuts
Russia will oppose any attempts to deepen the oil production cuts currently in effect in OPEC and 11 other oil producers, according to four government officials who spoke to…
U.S. Gulf, Shale Output Decline Spurs 2% Gain In Oil Prices
Plateauing U.S. output caused oil prices to see a 2 percent gain on Monday, continuing the longest streak of daily price gains after Baker Hughes reported the first decline in…
Does This Oil Price Rally Have Legs?
After a couple of miserable weeks, oil traders were finally offered some good news this week as prices started ticking back up, futures improved and bullish estimates began trickling…
Analysts See Oil Prices “Lower For Longer”
The oil industry had hoped this would be the year the prices finally start to firm up. But the industry is having to once again get used to the idea…
Have Oil Prices Stagnated?
Two events this week give us some insights on how to trade the oil markets and oil stocks for the next few weeks. First, there’s been a tremendous financial move…
Oil Prices Are Set To Post Worst H1 Since 1998
A weaker dollar and lower U.S. crude oil production for last week are pushing oil prices up this week to their seventh consecutive trading session in the black, but crude…
Only $60 Oil Can Save The Aramco IPO
The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-barrel cut’s initial announcement and implementation have been wiped out, and No. 1 OPEC producer Saudi…
Will Central Banks Derail The Shale Boom?
The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry,…
Citi: Oil Prices Have Bottomed And Are Now Set To Soar
One day after Goldman issued a confused, rambling note in which the bank cuts its 3-month WTI price target by $7.50 from $55 to $47.50 saying "Spot WTI oil…
UAE: OPEC Is Not Discussing Deeper Cuts
Just a month has passed since OPEC rolled over the production cuts, but the still high inventories and the latest drop in oil prices have renewed comments, rumors, and possibly…
Goldman Slashes 3-Month Oil Price Forecast By $7.50
Goldman Sachs is slashing its three-month price forecast for WTI to US$47.50 a barrel from US$55, seeing output gains in Libya and Nigeria as jeopardizing OPEC’s efforts to reduce…
Is A Big Move In Oil Prices Due?
In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period,…
Why The Oil Price Implosion Didn’t Drag Global Markets Down
Energy stocks have been the worst performing sector in the S&P 500 index so far this year. Last week, oil slipped into a bear market, but the benchmark U.S. index…
Shale Rebound Runs Out Of Steam At $40 Oil
The IEA recently predicted that U.S. shale would grow by at least 430,000 bpd this year, plus another 780,000 bpd in 2018. But those heady growth projections are in doubt…
Have Hedge Funds Set Oil Markets Up For A Rebound?
Hedge funds and other major investors have soured on oil prices, and the pessimistic turn has corresponded with the deep selloff in recent weeks. Since the beginning of June, the…
The Eagle Ford Rebound Needs $48 Oil
The oil price crash that started in 2014 has affected not only corporate profits and drilling plans. It has had a huge economic impact on the areas around the U.S.…
Statoil Economist Predicts $60 Oil “Relatively Soon”
Oil prices will jump over $60 “relatively soon,” according to Statoil chief economist Eirik Waerness, who spoke to Bloomberg on Monday. According to Waerness, $60 barrel is unlikely to…
