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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Matt Smith

ClipperData

Contributor since: 17 Oct 2012

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

Latest articles from Matt

  • Oil Prices Near One Month Lows As Gasoline Spikes

    Published 01 November 2016 | viewed 11,027 times

    As gasoline charges higher due to another outage on the Colonial pipeline, crude prices are getting caught up in its slipstream, being dragged higher after…

  • Oil Prices Slammed By Higher OPEC Exports

    Published 31 October 2016 | viewed 21,527 times

    Happy Halloween! Crude is definitely spooked today, running scared as non-OPEC countries met over the weekend to discuss potential production cuts - but were unable…

  • Oil Prices See Biggest Weekly Loss In Six Weeks

    Published 28 October 2016 | viewed 13,254 times

    Despite a weaker dollar, oil prices are limping lower into the weekend, set for a first weekly decline in six. Next week we get a…

  • Oil Prices Rally On Saudi Rhetoric

    Published 27 October 2016 | viewed 28,534 times

    Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday's supportive inventory report and the…

  • Oil Prices Fall Ahead Of Inventory Reports

    Published 25 October 2016 | viewed 22,195 times

    Oil is looking fairly subdued today amid a stronger dollar, and ahead of a likely build to inventories from tomorrow's weekly EIA report. Hark, before…

  • Oil Prices Slammed As Dollar Suddenly Breaks Out

    Published 24 October 2016 | viewed 21,477 times

    Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices fell below the psychological support at $50/bbl, hark, here…

  • Oil Prices Cool Down Amid Tanking U.S. Crude Imports

    Published 20 October 2016 | viewed 21,316 times

    As yesterday's exceedingly mixed weekly EIA report is digested, oil prices are unwinding a good deal of yesterday's knee-jerk rally. As dollar strength further encourages…

  • Oil Prices Close To One Year Highs On Bullish Inventory Report

    Published 19 October 2016 | viewed 12,068 times

    Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy,…

  • India's Rising Significance In Oil Markets

    Published 18 October 2016 | viewed 17,187 times

    It is a quiet day in the oil market, with a wee bit of movement in the dollar offsetting the ongoing helium-like influence of OPEC.…

  • Crude Cracks Below $50 On OPEC Silence

    Published 14 October 2016 | viewed 8,495 times

    Oil is trudging tiredly lower into the weekend, exhausted after an onslaught of oil-specific releases and (another) week of ongoing OPEC rhetoric. Hark, here are…

  • Oil Prices Under Fire From Rogue OPEC Members

    Published 12 October 2016 | viewed 26,129 times

    Oil is retracing for a second day, as OPEC's monthly oil report showed the cartel's production rising last month. As markets mentally limber up for…

  • Oil Prices, Equities Surge Ahead Of OPEC’s Informal Meeting

    Published 10 October 2016 | viewed 10,583 times

    Good day! With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and…

  • Oil Prices Continue To Rise On Continued OPEC Rhetoric

    Published 06 October 2016 | viewed 11,882 times

    Happy Nonfarm Friday Eve! Prices are pushing on for yet one more day, under the gravitational pull of another informal producer meeting - this time…

  • Saudis Cut Oil Prices To Asia, Europe

    Published 05 October 2016 | viewed 19,232 times

    Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric....refreshing!). As further distractions await in the coming…

  • Oil Hits Three Months High Despite Strong Dollar

    Published 04 October 2016 | viewed 8,672 times

    And we welcome the distraction of tomorrow's inventory report with open arms, as well as Nonfarm Friday after that, as it takes some focus away…

  • OPEC Oil Production Rises Ahead Of Output Cut

    Published 03 October 2016 | viewed 8,355 times

    It's a new quarter, a new dawn, a new day...and OPEC is feeling good. Brent crude prices have touched the $50 mark today before heading…

  • Has Saudi Arabia Pushed OPEC Too Far?

    Published 30 September 2016 | viewed 19,064 times

    Surely the latest actions by OPEC in Algiers threatens the very core of the cartel, given its members have agreed to something that is going…

  • Inventory Draw And OPEC Rhetoric See Oil Seesaw

    Published 28 September 2016 | viewed 6,701 times

    Crude is sailing in rough seas today, as the combo of an informal OPEC meeting and a surprising weekly inventory report has pushed and prodded…

  • Oil Slides As Iran Turns Down Saudi Offer

    Published 27 September 2016 | viewed 23,656 times

    As the euro tumbles and optimism wanes from Algiers, oil prices are charging lower ahead of a likely build to crude inventories in tomorrow's weekly…

  • Volatility Off The Charts As OPEC Meets In Algiers

    Published 26 September 2016 | viewed 8,871 times

    As OPEC members finally (finally!) gather in Algiers, market movement is set to be dictated by every word, facial expression and gesticulation - the like…

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