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Oil Futures

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Crude Oil News

US EIA lowers 2022 oil price outlook by more than $3/b for WTI, Brent

July 12, 2022 Clark Savage

Builds in global oil inventories seen for the first time in two years have helped to ease crude oil prices, the US Energy Information Administration said July 12 as it lowered its 2022 oil price […]

Traders
Crude Oil News

Oil Traders in Panic After Russia CPC Terminal Order

July 7, 2022 Clark Savage

A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional market in years, sending prices for competing barrels spiraling. […]

Overnight Oil Report

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

June 7, 2022 Clark Savage

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 rebound as investors look past bearish OPEC+ news

June 1, 2022 Clark Savage

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 […]

Brent and WTI crude oil
Top News

OIL FUTURES: Brent, WTI crude benchmarks edge down; market stays strong

May 27, 2022 Clark Savage

HIGHLIGHTS UK windfall tax can bring in GBP5 bil EU continues to weigh Russian oil embargo Brent and WTI crude oil benchmarks edged down in midday Europe trading May 27 after gaining throughout the week […]

Trade Oil stock market down with $120 oil next year with Saudi Arabia's lead. -ENB
Crude Oil News

OIL FUTURES: Strong start to week for crude prices in view of tight products supply

May 23, 2022 Clark Savage

HIGHLIGHTS UK government not ruling out windfall tax Shanghai’s economy reopening uncertain Oil prices firmed in early Europe trading May 23 amid a tight market with low stocks, US fuel demand, and as Shanghai prepares […]

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