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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 […]

Commodities

Overnight Oil Report 3/18/2021

March 18, 2021 Mariel Alumit

Singapore — 0240 GMT: Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling US dollar […]

Commodities

Overnight Oil Report 3/17/2021 – API signals US stock draw…?

March 17, 2021 Mariel Alumit

Singapore — 0216 GMT: Crude oil futures were rangebound during the mid-morning trade in Asia March 17, as a surprise draw in US crude inventories helped ease concerns over weak European demand and increased Iranian supply. […]

Commodities

Overnight Oil Report 3/15/2021 – Waiting on an oil sign

March 15, 2021 Mariel Alumit

Singapore — 0221 GMT: Crude oil futures rose during the mid-morning trade in Asia March 15, as the market fell back on bullish macro fundamentals amid an absence of fresh cues. At 10:21 am Singapore time […]

Commodities

Overnight Oil Report 3/12/2021 – OPEC+ forecast hurts CL

March 12, 2021 Mariel Alumit

Singapore — 0249 GMT: Crude oil futures were rangebound, with a slight downward bias, during mid-morning trade in Asia March 12, as further upside was limited after the overnight rally. At 10:49 am Singapore time (0249 […]

Commodities

Overnight Oil Report 3/10/2021 – Stock build? Good Answer, Good Answer

March 10, 2021 Mariel Alumit

At 11:23 am Singapore time (0323 GMT), the ICE Brent May contract was down by 37 cents/b (0.55%) from the March 9 settle at $67.15/b, while the April NYMEX light sweet crude contract was 25 […]

Commodities

Overnight Oil Report 3/9/2021: WE BACK BABBBBBBY

March 9, 2021 Mariel Alumit

Singapore — 0329 GMT: Crude oil futures rose during the mid-morning trade in Asia March 9, as expectations of higher oil demand amid an improved economic climate encouraged buying activity from investors, even as the market […]

Commodities

Overnight Oil Report 3/4/2021 – OPEC+ meeting leads to CL rise?

March 4, 2021 Mariel Alumit

Singapore — 0232 GMT: Crude oil futures ticked higher during the mid-morning trade in Asia, with optimism over large draws in US product inventories trickling down into markets otherwise cautious ahead of the OPEC+ meeting. At […]

CO2 & GHG

Overnight Oil Report 3/3/2021 – Markets bracing for OPEC+ meeting

March 3, 2021 Mariel Alumit

Singapore — 0307 GMT: Crude oil futures ticked up during the mid-morning trade in Asia March 3 as the market regained its footing after an overnight sell-off, with investors attention now focused on the upcoming OPEC+ […]

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