 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.579 | +0.001 | +0.05% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 7 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 7 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 7 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 7 hours | 72.60 | -2.93 | -3.88% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
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Energy / Oil Prices
Oil Prices Turn Corner After WTI Dips Below $45
After passing the ever-important psychological US$50-a-barrel threshold in a downward direction earlier this week, international benchmarks continued their slide on Tuesday, with Brent crude hitting a new low of
Why Are The Oil Markets Crashing?
WTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel,…
Is The U.S. Oil Patch A Value Trap?
While the S&P 500 is up 6.49 percent, year to date (YTD), it has not brought any cheers to energy investors. Energy investors continue to see their investment bleed,…
Russia Inclined To Extend Output Cut Deal With OPEC
Russia is ready to extend the oil cut deal with OPEC and is inclined to believe that an extension is reasonable, TASS news agency quoted Russian Energy Minister Alexander Novak…
Oil Prices Crash To Pre-OPEC Deal Levels
Oil prices dropped on Thursday to their lowest level since last November, with Brent breaking below $50, amid concerns of rising global supply and still high inventories. At 11:22am EDT,…
EIA Steals Bulls’ Thunder By Reporting Minor Inventory Draw
A day after the American Petroleum Institute injected a bit of optimism among traders by reporting a crude oil inventory draw of 4.2 million barrels, the EIA once again…
What Crack Spreads Say About Oil Prices
When there is the opportunity and the time is right to make money, most people will jump at it. Understanding that simple bit of human psychology may be a key…
The Return Of Bearishness In Oil Markets
The oil bears are gaining leverage over the bulls as confidence in the stability of crude prices continues to wane. Oil prices traded above $50 per barrel for most of…
‘’OPEC Has Failed’’
Two months ago we first suggested that OPEC may be fabricating data about its production cuts - and certainly overstating the "success" of the Vienna production cut deal -…
IEA Sees Much Tighter Oil Market As New Discoveries Crash
The volume of new oil discoveries hit a record low in 2016, the result of severe cuts to exploration budgets amid plummeting oil prices. The number of new conventional drilling…
World Bank Maintains Oil Price Forecast At $55
In its latest Commodity Markets Outlook, the World Bank maintained its Q1 forecast for oil prices at $55 a barrel, saying, however, that overall energy prices will increase 26…
Can An OPEC Extension Push Oil To $60?
It now seems quite likely that OPEC will agree to an extension of November’s production cut agreement at their May meeting. The question facing analysts and market watchers is how…
Top 5 Risks To Oil Prices
Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the drawdowns in crude oil stocks,…
The Bullish Case For Oil Is Fading Fast
Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far…
Did OPEC Shoot Itself In The Foot?
In roughly four weeks’ time, OPEC and Russia will meet in Vienna to assess how well their agreement to cut oil production has performed. They’ll have a hard time getting…
Oil Prices Crash Below $50 On Oversupply Fears
Crude is heading lower again, rounding out a downbeat week, as the expectation of an OPEC production cut extension is more than outweighed by an ongoing lopsided market. As oversupply…
Offshore Crude Backlog Haunts Oil Price Recovery
Oil is trying to recover after yesterday's shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five…
Bullish Oil Price Predictions Should Be Treated With Caution
Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed. Citigroup Inc.…
IMF Predicts $55 Barrel Through 2018
Markets should expect oil to hover around $55 in 2017-2018, according to the International Monetary Fund’s World Economic Outlook, released on Tuesday. Last year’s average barrel price was $42.84…
Citi Sees $65 Oil By Christmas
Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end…
