The Oil price slides to near $67.50 as the global trade war intensifies. US tariffs and counter-tariffs, its major trading partners, would reduce global Oil demand....
The Oil price aims for a firm footing above $70.00 after a significant fall on Friday. Russia-Ukraine peace would increase the flow of global oil supply,...
OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes. Demand forecast is likely to prove...
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel...
The Joint Ministerial Monitoring Committee of OPEC+ (JMMC) is expected to reiterate confirm the decisions of the OPEC+ meeting from early June at its next meeting...
The Oil price remains firm near $80.00 as expectations for the Fed reduce interest rates twice this year. Investors digested voluntary production cuts announced in the...
WTI meets with some supply on Tuesday amid the emergence of some USD dip-buying. Optimism over firming fuel demand and Middle East tensions should help limit...
Crude Oil’s recovery could start to fade as upside momentum eases, TDS Senior Commodity Strategist Ryan McKay notes. Markets may halt their Brent and WTI buying...
USD/CAD oscillates in a range and is influenced by a combination of diverging forces. The recent strong rally in Oil prices underpins the Loonie and caps...
The latest Department of Energy (DOE) inventory statistics weighed on the crude Oil markets, but with that said, the energy complex has recovered from the post-OPEC+...
Crude Oil markets are struggling to recover from sharp declines. US Crude Oil supplies delivered another buildup in measured stocks. OPEC+ set to ease production caps...
WTI falls below $74.00 per barrel on increased oversupply concerns. Bets on Fed rate cuts have backslid further, markets now see November cut. Crude Oil sentiment...
The Oil price fell to $72.50 as OPEC+ plans to shore up the market. Weak US factory PMI raise concerns over the Oil demand outlook. Investors await...
WTI backslid to $74.00 per barrel after OPEC+ failed to bolster Crude trader hopes. Voluntary production cuts are slated to be phased out beginning in October....
The Oil price extends upside as uncertainty ahead of the OPEC+ meeting neutralizes the impact of fading Fed rate-cut prospects. Easing Fed rate-cut bets fail to...
WTI jumps to $78.50 with a focus on global inflation data. The Fed is expected to announce rate cuts in the last quarter of this year....
WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of...
Share: After a lacklustre start to the year, Oil prices are starting to come to life. Economists at MUFG Bank analyze Brent’s outlook. Oil bulls are...
Share: WTI remains under some selling pressure for the second straight day on Thursday. A spike in US inventories overshadows geopolitical risks and weighs on Oil...
Share: Oil prices find temporary support as Hamas mulls ceasefire proposal. China’s poor economic outlook has deepened upside risks to weak oil demand. OPEC is expected...