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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Tom Kool

Oilprice.com

Contributor since: 23 Sep 2015

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

Latest articles from Tom

  • Oil Prices Rise Ahead Of Inventory Data

    Published 24 October 2017 | viewed 15,131 times

    With oil prices up slightly on Tuesday, analysts are warning investors to remain cautious while suggesting that a correction could be near. (Click to enlarge)…

  • Oil Shows Weakness, But Don’t Expect A Plunge

    Published 20 October 2017 | viewed 12,286 times

    Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level. (Click…

  • Oil Fundamentals Overturn Geopolitical Risk

    Published 17 October 2017 | viewed 16,481 times

    Oil posted gains on Monday on news that the Iraqi military had seized control of Kirkuk, but oil fundamentals and the large supply capacity of…

  • Oil Prices Spike On Middle East Tensions

    Published 13 October 2017 | viewed 20,986 times

    Oil prices rose on Friday on bullish data from China showing an uptick in oil imports by 1 million barrels per day in September, from…

  • Aggressive OPEC Pushes Oil Prices Up

    Published 10 October 2017 | viewed 12,804 times

    Oil prices firmed up just a bit on the very aggressive comments from OPEC’s top official, although the bull run from September does not appear…

  • Oil Markets Brace For Another Hurricane

    Published 06 October 2017 | viewed 15,871 times

    Oil prices fell from last week's highs as investors pocketed gains. Not all hope is lost, however. Saudi Arabia and Russia just announced some promising news…

  • Oil Markets Fear An OPEC Compliance Collapse

    Published 03 October 2017 | viewed 10,131 times

    Brent prices have pulled back from its recent high of $58 per barrel, but hope is not lost from the market's bulls.  (Click to enlarge)…

  • Can OPEC Control The Oil Bulls?

    Published 29 September 2017 | viewed 11,244 times

    The recent spike in oil prices has given way to all sorts of questions: Is $80 oil possible? Is this the end for low oil…

  • $60 Oil Enters The Realm Of Possibility

    Published 26 September 2017 | viewed 14,988 times

    Oil markets took a bullish turn this week amid growing geopolitical tensions and a tightening oil market.  (Click to enlarge)  (Click to enlarge) (Click to…

  • Oil Prices Plateau After OPEC Meeting

    Published 22 September 2017 | viewed 16,346 times

    Oil markets had a neutral reaction to OPECs uneventful meeting, suggesting that, as Stephen Brennock suggested, the "bull market may be running out of steam."…

  • Have Oil Markets Reached A Turning Point?

    Published 19 September 2017 | viewed 42,087 times

    Big Oil has been wheelin' and dealin' across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with…

  • Soaring Demand Drives Oil Market Recovery

    Published 15 September 2017 | viewed 17,235 times

    It has been a bullish week in oil. Rig counts dropped, WTI broke $50, demand has spiked, and geopolitical risk has kept the market on…

  • OPEC Unfazed By Falling U.S. Oil Demand

    Published 12 September 2017 | viewed 10,481 times

    Despite the turbulence in the oil markets due to the previous weeks’ hurricanes, OPEC’s latest report has painted a reassuring picture, indicating that the rebalancing…

  • Bearish Backlash Drives Oil Prices Down

    Published 08 September 2017 | viewed 14,894 times

    As Hurricane Irma approaches Florida, oil prices have fallen again while the WTI/Brent spread has grown wider.  (Click to enlarge) (Click to enlarge) (Click to…

  • Oil Markets Rebound After Hurricane Harvey

    Published 05 September 2017 | viewed 10,329 times

    As the Gulf Coast recovers from Hurricane Harvey, another major hurricane may be right around the corner, spelling further trouble for energy markets. (Click to…

  • Oil Prices Sag As Gasoline Prices Peak

    Published 01 September 2017 | viewed 15,447 times

    The effects of Hurricane Harvey have sent the energy markets into chaos, with gasoline prices soaring and oil prices slipping.  (Click to enlarge) (Click to…

  • The Upcoming Oil Price Rebound

    Published 29 August 2017 | viewed 31,098 times

    Key oil ports and refineries have been disrupted along the Texas coast as Hurricane Harvey devastated the region. (Click to enlarge) (Click to enlarge) (Click…

  • Hurricane Harvey Causes Gasoline Price Spike

    Published 25 August 2017 | viewed 9,764 times

    As Hurricane Harvey, set to be the strongest hurricane to hit the U.S. in almost 10 years, quickly approaches the Texas coast, energy prices are…

  • Strong Inventory Draws Suggest OPEC Deal Is Working

    Published 22 August 2017 | viewed 15,373 times

    Oil prices are stagnant, however a strong inventory draw suggests that the OPEC cut may be having an impact on oil markets.  (Click to enlarge)…

  • Oil Prices Boosted By String Of Bullish News

    Published 18 August 2017 | viewed 36,766 times

    Friday, August 18, 2017 Oil prices rose on Friday afternoon amid a flurry of bullish news. A sign that traders are regaining confidence in the…

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