 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 12 mins | 2.725 | 0.000 | 0.00% |
|
Bonny Light • 2 days | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 2 days | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 17 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 17 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 17 hours | 85.10 | -0.32 | -0.37% | ||
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Central Alberta • 17 hours | 75.50 | -0.32 | -0.42% |
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Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Breaking News:
Traders Became More Bullish on Oil As Middle East Risk Surged
The crude oil net long…
Rising Middle East Risk Sparks Fear of $100 Oil
In case of further escalation,…
Energy / Oil Prices
Geopolitical Tensions Fail to Spark Oil Price Surge
The tensions in the Middle East have highlighted the ebb and flow of the geopolitical risk premium in oil prices so far this month. Analysts believe that oil currently includes…
Traders Became More Bullish on Oil As Middle East Risk Surged
Hedge funds and other portfolio managers began to include a higher risk premium in their oil price trades early this month as tensions in the Middle East spiked. Money managers…
Rising Middle East Risk Sparks Fear of $100 Oil
Despite Iran’s attack on Israel over the weekend, oil prices dropped on Monday as an Iranian response to the Israeli hit on the Iranian diplomatic mission in…
Is $100 Oil Within Reach?
A few weeks ago, when WTI crude was trading just below $80, I wrote here that I was about to break with my usual, contrarian trading style and establish a…
Wall Street Remains On The Sidelines as Oil Jumps to $90
After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical…
Oil Could Rise More than Anyone Expects This Year
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate…
What Does China’s New Economic Growth Target Mean For Oil Prices?
China’s stunning economic growth was almost single-handedly responsible for the commodities supercycle from the late 1990s to the onset of the 2014-2016 Oil Price War, as analysed in full in
Traders Cautiously Optimistic About Crude
Weekly Performance and Overview As the week concludes, West Texas Intermediate (WTI) crude oil is experiencing a modest gain, increasing by approximately 1.35%. This movement reflects the interplay of…
Brent Needs To Be $90 or Higher To Reflect Actual Fundamentals
Oil prices have enjoyed a sustained rally in the current month thanks to bullish demand projections and encouraging oil product inventory draws. Brent briefly touched this year’s high at…
Oil Prices Set to Rise as Global Stock Refills Ramp Up
China’s rebuilding of oil inventories and higher crude purchases elsewhere for fear of escalating shipping disruptions in the Red Sea are set to support global oil demand and benchmark prices…
Oil Gains 2% as Israel Rejects Gaza Ceasefire Deal, US Gas Inventory Plummets
Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza, with Israeli forces launching new air strikes on Rafah city, and…
Oil Poised for Biggest Weekly Loss since November
Oil prices were falling by 2% on Friday morning and were headed to their biggest weekly decline since November 2023 as reports continue to emerge that negotiations of a possible…
Oil Prices Drop, Recover on Gaza War Ceasefire Proposal Rumors
Oil prices began tanking on Thursday afternoon as news was reported by Al Jazeera that Israel and Hamas had agreed to a ceasefire proposal that could put an end to…
U.S. Crude Oil Could Be Ripe for A Short Squeeze
Crude oil inventories at Cushing have dropped to their lowest level for this time of year in over a decade, suggesting that a short squeeze could be coming for the…
Red Sea Disruptions Force Saudi Aramco to Slash Prices
Logistics have been pushed to the forefront of oil trade as Houthi missile and drone attacks continue to disrupt navigation through the Red Sea and the Suez Canal. The list…
Analysts Predict a Challenging Year for Oil Prices in 2024
Oversupply, weak prices, and lukewarm demand growth are the three horsemen of low oil prices that analysts expect to become the most probable scenario for this year. The only factor…
Oil Prices Caught between Geopolitics and Economic Worry
Crude oil prices have been trading in a tight range since the start of the New Year as geopolitical tensions in the Middle East counter now chronic economic concern. Still,…
What Will Influence Oil Prices in 2024?
The last couple of years have seen a series of extraordinary events, most notably the invasion of Ukraine by Russia on 24 February 2022 and the Hamas attacks on Israel…
Oil Prices Projected to Remain Below $80 in 2024
Expected weak global economic growth would slow oil demand growth next year, keeping the average U.S. benchmark oil price at below $80 per barrel, according to the monthly
Oil Prices Set for First Annual Decline Since 2020
Concerns about economies and oil demand amid rising interest rates have pushed oil prices down to a 10% decline this year, the first annual drop since 2020, despite the OPEC+…
