Portfolio manager Eric Nuttall sees oil returning to $100 per barrel in 2023. The end of coordinated SPR releases, the gradual reopening of the Chinese economy and sanctions on Russian crude could lift oil prices […]
Oil prices were climbing again early on Thursday morning, with both Brent and WTI more than $2 higher than they were at the start of the week. Cold weather is expected in the United States, […]
Energy markets have been on a roller-coaster ride this year. In response to Russia’s invasion of Ukraine, Western countries imposed financial sanctions on Russia and embargoed its oil exports. Russia cut its gas supplies to […]
Oil prices extended gains this morning, despite the across-the-board builds reported by API last night, following comments from the IEA cautioning that prices could rally next year amid a tightening market. “Positioning is now much […]
LONDON, Dec 13 (Reuters) – Oil pared gains after rising by over $1 earlier in the session, as declining optimism over a Chinese oil demand recovery capped support from supply disruptions. Brent crude futures were […]
HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia’s invasion of Ukraine exacerbated the worst global energy supply crisis […]
After an ugly slide as Europe opened, oil prices have rebounded as China’s rollback of some COVID-19 measures boosted the outlook for energy demand and traders are optimistic that the official inventory data this morning […]
Oil prices extended yesterday’s gains this morning with WTI back above $80 after API reported inventories fell by almost 8 million barrels and further optimism of a rising demand outlook from China lifting Zero-COVID restrictions. […]
Flip-flopping headlines from OPEC+ leaks and China COVID restrictions prompted a volatile day in crude markets today but WTI ended higher. OPEC+ does “not like contango and that is what has raised market expectations of […]
Oil rose in early trade on Friday, trimming some of the week’s losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven (G7) […]
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