 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 22 hours | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 180 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 mins | 2.577 | 0.000 | 0.00% |
|
Bonny Light • 22 hours | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 22 hours | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 21 hours | 75.13 | -0.70 | -0.92% | ||
|
Light Sour Blend • 21 hours | 78.18 | -0.70 | -0.89% | ||
|
Syncrude Sweet Premium • 21 hours | 85.13 | -0.70 | -0.82% | ||
|
Central Alberta • 21 hours | 75.53 | -0.70 | -0.92% |
|
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% |
Breaking News:
Israel Claims to Have Dealt a Serious Blow to Hezbollah
Israeli authorities claimed to have…
A Rarely Used Technique Could Double U.S. Grid Capacity
A rarely used technique called…
Energy / Oil Prices
Wall Street Pouring Money Back Into Oil And Gas
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders…
Is $55 Oil Really Enough For Qatar?
The world’s top LNG exporter Qatar is pumping just over half a million barrels of oil per day, but has been staunchly supporting OPEC’s production cuts aimed at rebalancing the…
Oil Rises As Bullish Sentiment In Markets Persists
Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs…
Huge Crude Inventory Build Sparks Wave Of Panic Buying
Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked…
Oil Prices Fall Ahead Of Inventory Data
Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering lower once more. With record…
Oil Prices Fall On Glut Fears Despite Tighter Market
Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga's mic, ushered lower by a stronger dollar and ongoing expectations…
The Dollar Will Decide Oil’s Next Move
Regular readers will know that I believe that one of the most important fundamental influences on the price of oil is the relative strength or weakness of the U.S. Dollar.…
Too Many Longs Spoil The Breakout
March West Texas Intermediate crude oil ended January with a whimper, but showed promise early February with a spike to the upside, but this attempted breakout fizzled before it could…
Oil Prices Up On Prospect Of New Iranian Sanctions
Happy Nonfarm Friday! Better-than-expected job creation last month is supporting sentiment on this first Friday of February, and crude is being swept along with this, being boosted as well by…
Saudis Raise March Crude Prices For All Customers
Saudi Arabia has raised the prices of all grades it will be shipping to Asia, the U.S., Northwest Europe and the Mediterranean countries, with prices for Asian buyers increased more…
Oil Prices Stuck In Narrow Band, Capped By U.S. Shale Threat
Yes, it's Groundhog Day (again), and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he's no good at forecasting (unlike the woolly worm),…
Experts See Higher Oil Prices But Surging Shale Is A Concern
Analysts have raised their oil price forecasts for this year as the OPEC supply-cut deal is starting to tighten oil markets, but warned that rising U.S. output could wipe out…
Oil Prices Spiral Lower On Signs Of Strong U.S. Oil Recovery
Oil traded slightly lower early on Monday, as signals that the U.S. crude oil output is continuously recovering mostly outweighed signs that OPEC is largely sticking to its supply-cut deal.…
Fundamentals Be Damned – Oil Price Correction Likely
There are basically two ways to analyze markets and make trading decisions, the fundamental and the technical. Logically speaking, fundamental factors and analysis always have the upper hand, particularly over…
Bullish Fundamentals Can’t Prevent A Correction In Oil
There are basically two ways to analyze markets and make trading decisions, the fundamental and the technical. Logically speaking, fundamental factors and analysis always have the upper hand, particularly over…
Oil Prices Rise As OPEC Put Its Foot On The Brakes
As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January. While prices ultimately just pinging around in a…
Oil Prices Rise As Markets Buy OPEC’s Charm Offensive
With no breaking news or comment overnight, oil prices were slightly up on Tuesday morning, with recent reports that OPEC is considerably lowering production as per the deal being offset…
Why Oil Won’t Rally Above $60 In The Near Term
Last week the IEA warned that rising non-OPEC production could put an end to the OPEC-fueled price rally that began in late November after the cartel’s agreement to cut…
Oil Prices Could Reach $60 This Year: Novak
Crude oil prices will trade in the range between US$50 and US$60 a barrel this year, Russia’s Oil Minister Alexander Novak said on Sunday. The minister met with counterparts…
Expert Commentary: Flood Of Imported Crude Caps Oil Prices
- In recent notes we’ve cited output gains in Libya, stubbornly high Cushing inventories and OPEC skepticism as the key bearish culprits keeping a lid on an otherwise tightening crude…
