Commodities
Want an 11% Yield? Give Oil a Try
Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]
WTI
Crude Oil News
Brent Rises to Highest Since 2018 on Global Energy Crunch
Brent rallied, nearing the key $80-a-barrel mark, on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as much as 2.3% to the highest level in […]
Crude Oil News
Oil Rallies to Six-Week High as U.S. Crude Stockpiles Tighten
Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday […]
Commodities
S.Korea, Chinese refiners snap up U.S. Mars crude
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]
Crude Oil News
Oil and Gas outlook for August 2021 – What we are looking for at King Research
On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]
Commodities
Crude Oil Retreats as Investors Weigh Demand, Iranian Tensions
Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]
Crude Oil News
Oil and Gas outlook for August 2021 – What we are looking at King Research
On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]
Crude Oil News
Oil edges up on forecasts for tight supplies
Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, underpinned by expectations that supply will remain tight through the year. The price of oil and other […]
Commodities
US oil tumbles over 6 percent as markets tank
The US oil price tumbled more than six percent Monday, a day after producers decided to increase output and as stock markets slumped with surging Covid cases threatening economic recovery. The benchmark US crude contract, WTI, was […]
Commodities
Oil prices hover near two-year high after OPEC+ resolves standoff
Oil fluctuated as Saudi Arabia and the United Arab Emirates were said to resolve the standoff that has prevented OPEC+ from satisfying a growing clamor for extra barrels. Futures flickered near $75 a barrel in […]