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HomeOvernight Oil Report

Overnight Oil Report

Overnight Oil Report

ICE Brent crude futures retake $120/b as supply outlook remains tight

June 7, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 7 as supply remained tight, with the ICE Brent crude marker once again retaking the $120/b level after failing to settle above it in […]

Overnight Oil Report

Crude oil futures mostly steady as investors shrug aside OPEC+ hike

June 3, 2022 Mariel Alumit

Crude oil futures were mostly steady in mid-morning Asian trade June 3, consolidating overnight gains as investors continued to downplay the effect of a hike in monthly production quotas by the OPEC+ group. At 10:38 […]

Overnight Oil Report

Crude oil futures rebound as investors look past bearish OPEC+ news

June 1, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade June 1 as investors looked past recent bearish reports of Russia being excluded from an OPEC+ production deal to refocus back on an oil market that […]

Stock Market
Overnight Oil Report

Crude oil futures extend gains after overnight jump on EU ban on Russian oil imports

May 31, 2022 Mariel Alumit

Crude oil futures continued to climb in mid-morning Asian trade May 31, adding to gains of more than $2/b for ICE Brent crude overnight after the EU reached an agreement to ban Russian oil imports. […]

Commodities

Overnight Oil Report 4/1/2021 – Aprils Fools Oil is $120

April 1, 2021 Mariel Alumit

Singapore — 0250 GMT: Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning further support […]

Crude Oil News

Overnight Oil Report 3/23/2021 – CL falls off the table as COVID-19 lockdowns are back

March 23, 2021 Mariel Alumit

Singapore — 0307 GMT: Crude oil futures fell during mid-morning trade in Asia March 23, as the market remained concerned over the third wave of the coronavirus in Europe given that extended mobility restrictions in the […]

Commodities

Overnight Oil Report 3/22/2021 – Lockdowns in Europe, CL falls

March 22, 2021 Mariel Alumit

Singapore — 0307 GMT: Crude oil futures were lower during mid-morning trade in Asia March 22, as investors remained nervous following the panic sell off on March 18, while the prospect of an extended mobility restriction […]

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