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Why Oil Prices Just Jumped

Why Oil Prices Just Jumped

Oil prices recovered somewhat on…

Energy / Oil Prices

Survey: Oil Experts See WTI In $50-70 Range This Summer

Survey: Oil Experts See WTI In $50-70 Range This Summer

Jun 28, 2019 at 11:05 | Tsvetana Paraskova

The vast majority of 22 oil experts surveyed by CNBC this week expects WT Crude to trade between $50 and $70 a barrel at…

Oil Holds Steady Amid Small Rig Count Decline

Oil Holds Steady Amid Small Rig Count Decline

Jun 21, 2019 at 12:37 | Julianne Geiger

The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point…

Oil Shoots Up As Iran Says ‘’It’s Ready For War’’

Oil Shoots Up As Iran Says ‘’It’s Ready For War’’

Jun 20, 2019 at 17:31 | Nick Cunningham

Oil was woken out of its slumber by yet another round of escalation between the U.S. and Iran, although the matter took on greater importance to oil markets only because…

Oil Spikes On Soaring U.S., Iran Tensions

Oil Spikes On Soaring U.S., Iran Tensions

Jun 20, 2019 at 11:41 | Tsvetana Paraskova

Oil prices spiked on Thursday after Iran shot down a U.S. drone over the vital oil shipping lane, the Strait of Hormuz, in the latest escalation of the U.S.-Iran standoff…

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Jun 18, 2019 at 10:50 | Tsvetana Paraskova

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade…

The Oil Price Risk Analysts Are Ignoring

The Oil Price Risk Analysts Are Ignoring

Jun 17, 2019 at 17:52 | Nick Cunningham

Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of…

Middle East Torpedo Attacks Send Oil Prices Soaring

Middle East Torpedo Attacks Send Oil Prices Soaring

Jun 13, 2019 at 08:54 | Tsvetana Paraskova

Oil prices surged early on Thursday after two oil tankers were reported to have been hit by explosions in the Gulf of Oman between Iran and the United Arab Emirates…

Have Canadian Oil Prices Hit The Sweet Spot?

Have Canadian Oil Prices Hit The Sweet Spot?

Jun 11, 2019 at 16:22 | Irina Slav

When Alberta’s previous government, led by Rachel Notley, instituted obligatory oil production cuts to arrest a serious discount in prices to WTI, some in the industry weren’t happy. Others, however,…

OPEC’s Struggle To Avoid $40 Oil

OPEC’s Struggle To Avoid $40 Oil

Jun 10, 2019 at 16:12 | Nick Cunningham

A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to…

Russian Energy Minister: Oil Could Still Drop To $30

Russian Energy Minister: Oil Could Still Drop To $30

Jun 10, 2019 at 13:17 | Tsvetana Paraskova

There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of…

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