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Energy / Oil Prices

Oil Falls From Multi-Year Highs

Oct 19, 2021 at 10:08 | Tsvetana Paraskova

Oil prices reversed course on Tuesday, paring gains from earlier in the day in what some analysts described as a short-term pullback from multi-year highs as the global energy crunch…

Refining Billionaire: $100 Oil Is Likely

Oct 18, 2021 at 12:55 | Tsvetana Paraskova

With oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food…

Oil Rallies To Fresh Multi-Year Highs

Oct 18, 2021 at 08:59 | Tsvetana Paraskova

Oil prices rose early on Monday, extending Friday’s gains and hitting fresh multi-year highs, as the energy crisis in Europe and Asia continues to brighten the outlook for oil products…

Energy Crunch Pushes Oil To Longest Weekly Bull Run Since 2015

Oct 15, 2021 at 08:53 | Tsvetana Paraskova

Oil prices rose early on Friday, with WTI Crude set for its eighth consecutive weekly gain for the longest weekly winning streak since 2015 and Brent briefly topping $85 a…

Putin: $100 Oil Is “Quite Possible”

Oct 13, 2021 at 10:52 | Tsvetana Paraskova

It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a…

This Key Indicator Is Pointing To Higher Oil Prices

Oct 12, 2021 at 10:04 | Irina Slav

Wild spikes in the prompt timespread for oil product futures in the United States have suggested that crude oil supply is set to tighten further, adding upward pressure to prices,…

Brent Crude Nears $85 As Global Energy Crisis Worsens

Oct 11, 2021 at 08:53 | Tsvetana Paraskova

Oil prices extended Friday’s rally into Monday, with the U.S. benchmark topping $81 and trading just shy of $82 a barrel as Europe and Asia continue to struggle to…

WTI Oil Price Breaks $80 For The First Time Since 2014

Oct 08, 2021 at 09:46 | Tsvetana Paraskova

Oil prices rose early on Friday, headed to another week of gains with the U.S. benchmark reaching $80 per barrel, as the world scrambles for natural gas and coal supply…

One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon

Oct 07, 2021 at 13:38 | Alex Kimani

There has been a major dichotomy on Wall Street regarding the oil price trajectory, with some viewing the massive oil and gas rally as being temporary and transitory…

Oil Prices Fall Further On Possible Emergency Reserve Release And Export Ban

Oct 07, 2021 at 08:57 | Charles Kennedy

A release of crude oil from the U.S. emergency reserve is one option the Department of Energy is considering in a bid to tame prices at the gas pump. Another…

Saudi Arabia Cuts Oil Prices After Latest Rally

Oct 06, 2021 at 08:59 | Irina Slav

Saudi Arabia has cut its official crude oil selling price for Asian buyers following the latest price rise spurred by the OPEC+ decision to stick to monthly additions of 400,000…

Hyperinflation Could Send Oil Prices Above $180

Oct 05, 2021 at 13:46 | Alex Kimani

Last year, shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid…

WTI Crude Oil Price Hits 7-Year High

Oct 05, 2021 at 08:59 | Tsvetana Paraskova

The benchmark U.S. oil price jumped on Tuesday morning, hitting the highest level in seven years after OPEC+ decided to continue making only small monthly additions to oil supply.   …

Bank Of America: Energy Crunch Could Lead To $100 Oil And Economic Crisis

Oct 01, 2021 at 09:56 | Tsvetana Paraskova

Surging natural gas prices, a cold winter, and reopening of international airline travel could push oil prices to $100 per barrel and trigger the next economic crisis, Bank of America…

The Recent Oil Price Rally Can’t Be Justified

Sep 30, 2021 at 16:04 | Alex Kimani

After a fairytale run that saw Brent temporarily cross the magical $80/bbl mark for the first time in three years, the crude rally has taken a…

$200 Oil? Traders Are Betting Big On A Global Energy Crunch

Sep 30, 2021 at 10:27 | Tsvetana Paraskova

Some options traders are betting that oil prices could jump to $200 a barrel by the end of next year as the energy crunch in Europe and Asia shows signs…

Oil Prices Top $80 Per Barrel For First Time In 3 Years

Sep 28, 2021 at 08:33 | Tsvetana Paraskova

Oil prices rose early on Tuesday, with Brent Crude topping $80 a barrel for the first time in three years as the natural gas shortage and price spikes spill over…

Goldman Sachs Hikes Oil Price Forecast To $90

Sep 27, 2021 at 10:00 | Tsvetana Paraskova

Tightening oil markets with robust demand recovery and disruptions to supply from Hurricane Ida prompted Goldman Sachs to hike its end-2021 oil price forecast to $90 a barrel Brent…

Oil Prices Near $80 On Tight Global Supply

Sep 27, 2021 at 09:00 | Tsvetana Paraskova

Oil prices rose early on Monday, extending Friday’s gains, with Brent nearing $80 and WTI Crude exceeding $75 per barrel as global oil and energy markets continue to tighten. As…

The Case For $50 Oil

Sep 24, 2021 at 13:27 | Alex Kimani

The oil markets appear to have successfully scaled a major wall of worry, with oil prices rebounding to multi-year highs. Brent crude settled near a three-year high at…

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