 |
Louisiana Light • 4 days | 85.83 | -0.04 | -0.05% | ||
|
Bonny Light • 4 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 4 days | 86.59 | +0.54 | +0.63% | ||
|
Mars US • 242 days | 76.40 | -1.43 | -1.84% | ||
|
Gasoline • 10 mins | 2.603 | +0.024 | +0.94% |
|
Bonny Light • 4 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 4 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 4 days | 86.59 | +0.54 | +0.63% |
|
Peace Sour • 8 hours | 76.63 | +1.84 | +2.46% | ||
|
Light Sour Blend • 8 hours | 78.88 | +1.84 | +2.39% | ||
|
Syncrude Sweet Premium • 8 hours | 82.98 | +1.84 | +2.27% | ||
|
Central Alberta • 8 hours | 76.63 | +1.84 | +2.46% |
|
Eagle Ford • 4 days | 78.02 | -0.20 | -0.26% | ||
|
Oklahoma Sweet • 4 days | 78.00 | -0.25 | -0.32% | ||
|
Kansas Common • 4 days | 71.75 | -0.25 | -0.35% | ||
|
Buena Vista • 4 days | 88.01 | +0.80 | +0.92% |
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Energy / Oil Prices
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日本語Oil Rally Extends on Fears of Significant Escalation in Israel-Lebanon Conflict
Brent crude overtook $86 on Thursday as fears of an all-out war between Israel and Lebanon took center stage, with Iraq’s Iran-backed militias vowing to strike U.S.…
Demand Pessimism on Oil Market Dissipates
The pessimism that has gripped the global oil market for weeks as traders suspect weakening demand growth this week began to dissipate, replaced by signs of emerging optimism. All because…
Oil Bounces Back on Rate Cut Optimism
Oil Market Weekly Recap and Forecast Oil prices closed higher on Thursday, rebounding after a week of significant losses. The market reacted positively to the European Central Bank's (ECB) decision…
Oil Prices Set for Third Weekly Loss in a Row
Crude oil prices were on course to end the week with the third consecutive loss after OPEC+’s latest meeting surprised observers with the possibility of some supply returning…
Markets Have Overreacted to OPEC’s Plan To Phase Out Production Cuts
OPEC+ agreed on Sunday to extend most of its oil output cuts well into 2025 amid tepid demand growth, rising U.S. production and high interest rates. OPEC+ is currently…
Oil Under Pressure As EIA Confirms Rising Crude, Fuel Inventories
Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an estimated inventory build of 1.2 million barrels for the week to May 31. The change
Why OPEC+ Failed To Put $80 Floor Under Oil Prices
For years, market participants have been lamenting the lack of detailed communication from OPEC+ on the group's intended production beyond the following three months. This weekend, the alliance gave them…
What Does OPEC’s Strategy Shift Mean for the Oil Market?
By John Kemp, senior energy analyst Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers…
Oil Prices Shed Over 3% As Market Digests OPEC+ Move
Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February, with the U.S. crude benchmark down over…
Oil Slides as EIA Reports Crude Inventory Decline, Fuel Builds
Crude oil prices sunk following the Energy Information Administration’s report of an estimated inventory decline of 4.2 million barrels for the week to…
Oil Prices Jump as Europe Hints at June Rate Cuts
Brent crude and U.S. benchmark crude oil prices gained well over 1% in thin Monday trading, with international inflation data and the potential for rate cuts globally taking center stage…
Why Oil May Regain Upward Momentum
Dynamics in the global oil markets have shown little change over the past couple of weeks with pessimism still high and hedge funds still leaning towards the short side of…
Oil Prices Maintain Losing Streak on Inflation Confusion
The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the beginning of the week, with Brent crude also losing ground…
Citi Sees Oil Prices Falling to $70 Range in Q3 2024
Oil prices have pulled back sharply to a three-month low as a combination of demand concerns and easing geopolitical premium take a toll. Last week, the Energy Information Administration's (EIA)…
Reuters Estimates: Russian Oil and Gas Revenue to Double in April
Higher oil prices are expected to double Russia’s oil and gas revenues in April compared to the same month last year, according to Reuters calculations based on data from…
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…
