Share: US gasoline inventories surged on Thursday, eating away at EIA Crude Oil inventory decline. Front-loaded oversupply set to continue pressing Crude Oil lower as OPEC...
Share: WTI’s Friday bounce still sees Crude Oil down for a seventh straight week. US Crude Oil fell to a near-term floor of $69.01 on Thursday....
Share: WTI slides more than 3% after a rise in US gasoline stockpiles. Crude Oil inventories fall by 4.6 million barrels, surpassing forecasts; market sentiment shifts...
Share: WTI trades in negative territory for the third consecutive day on Monday. OPEC+ supply cuts agreed raising questions about how output cutbacks should be split...
Share: Oil price witnessed an average 10% drop during November. Economists at ABN Amro analyze Oil’s market outlook. Brent to reach $95 by end-2024 For the...
Share: Crude Oil rises, then tumbles again in frothy energy markets. WTI backslides into $74.50 in exacerbated market volatility. OPEC production cuts unlikely to eat away...
Share: WTI scales higher for the second straight day and recovers further from a multi-month low. Expectations for additional supply cuts by OPEC+ turn out to...
Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in...
Share: In its monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) kept the “2024 world oil demand growth forecast unchanged at 2.25...
Share: This week, Crude Brent Oil reached a peak of 97$/barrel before coming down to the 95$ area. Economists at Nordea analyze Oil’s outlook. A further...
Share: While speaking at the World Petroleum Congress in Canada, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that they are targeting less volatility in energy markets rather...
Share: US oil took a small hit on Friday, but is rebounding firmly to hold $90/bbl. OPEC production cuts are squeezing crude prices into the ceiling. The...
Share: WTI Crude Oil prices extend the upward trajectory and climb to a fresh YTD peak on Wednesday. The technical setup favours bullish traders and supports...
Share: USD/CAD enters a bearish consolidation phase near a one-and-half-week low set on Tuesday. Bullish Crude Oil prices continue to underpin the Loonie and act as...
Share: The Organization of the Petroleum Exporting Countries (OPEC) has released its monthly report, which has provided support for the upside in crude oil prices. In...
Share: USD/CAD regains some positive traction on Wednesday, though lacks bullish conviction. Softer oil prices undermine the Loonie and lend support amid modest USD strength. Traders...
Share: WTI crude oil pares the biggest daily gains in a week amid downbeat mood. China Caixin Services PMI drops in June, fears of recession, Sino-American...
Share: USD/CAD continues with its struggle to gain any meaningful traction on Tuesday. Softer Crude Oil prices undermine the Loonie and lend some support to the...
Share: “The latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against ‘uncertainties and sentiment’ within the market,” said Saudi Arabia’s Energy...
Share: WTI crude oil grinds higher after week-start gap towards the north, prints three-day uptrend. OPEC+ extends production cut deal into 2024, Saudi Arabia pledges for...