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Energy / Oil Prices

Oil trader

Oil Poised For Steepest Weekly Decline Since July

Jan 10, 2020 at 10:06 | Tsvetana Paraskova

Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a…

Basrah tankers

Asian Oil Buyers Unfazed By Iran Crisis

Jan 09, 2020 at 10:57 | Irina Slav

Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the…

Pompeo Trump

Oil Tanks As Trump Claims Iran Is Standing Down

Jan 08, 2020 at 12:46 | Julianne Geiger

Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”.…

GS

Goldman Sachs: This Oil Rally Won’t Last

Jan 06, 2020 at 10:26 | Tsvetana Paraskova

Although oil prices hit a seven-month high on Friday and continued to soar early on Monday, these high price levels are unlikely to persist for long if global oil…

oil storage

Oil Set To Move Higher As Markets Await Iranian Retaliation

Jan 03, 2020 at 13:12 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures hit their highest levels since April on Friday after the killing of a top Iranian general sparked fears of a…

Crude trading

Oil Ends 2019 On A Bullish Note

Dec 31, 2019 at 09:37 | Irina Slav

Crude oil prices are about to book their biggest rise in three years on the last day of 2019, supported by the combined force of OPEC+ production cuts and the…

Oil Prices

The Real Reason Oil Prices Remained Low In 2019

Dec 24, 2019 at 10:23 | Irina Slav

The year that is drawing to a close has not been good for oil. Despite production caps across OPEC and beyond, and despite the extra-large number and size of production…

Hengli refinery

Why Oil Traders Are More Bullish On 2020

Dec 18, 2019 at 16:12 | Irina Slav

Optimism among oil traders is rising despite mixed signals from the world’s top oil consumers, largely thanks to signs that pressure is easing between Washington and Beijing and the latter’s…

Cushing

Oil Prices Jump On Bullish EIA Report

Dec 18, 2019 at 09:43 | Irina Slav

After they dipped following the Tuesday inventory report by the API, oil prices recouped some of their losses after the Energy Information Administration reported a crude oil inventory…

Shale rig

Have Oil Prices Reached An Inflection Point?

Dec 16, 2019 at 16:18 | Nick Cunningham

Oil prices have hit three-month highs, driven higher by the OPEC+ cuts, the U.S.-China trade de-escalation, the slowdown in shale and the apparent stabilization in the global economy. There is…


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