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Crude oil has been under pressure over the past four weeks but has been gaining support on the decline to $77 per barrel WTI and $82 per barrel Brent since the beginning of the month.The price has...
Get ready to float your oil boat as data from OPEC and floating storage suggests the global oil market tightening. While US crude oil inventory supply in recent weeks saw some surprising increases,...
If you wonder why U.S. consumer confidence is as bad as it is, just look at oil and gasoline.The price of oil is 8.7% higher than it was a year ago. The cost of gasoline is higher, even as consumers...
Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend...
Oil prices seemed to put in a reversal after rumors surrounding OPEC-Plus cuts and perceived oil and product market gluts seemed to be put to rest. The Energy Information Administration (EIA) and...
The oil market was trying to get its hands around the impact of Israel’s military operation in Gaza against a backdrop warning from a Chevron (NYSE:CVX) CEO about upside risk to the price of oil...
The number of operating oil rigs in the US fell by 7 to 499. This is the lowest in 12 weeks and further confirmation that even with relatively favourable oil prices, producers are in no hurry to ramp...
While some in the marketplace are concerned about weak demand, a move by Saudi Arabia to raise their price for oil seems to suggest that they’re not that concerned. Consider the fact that the...
Not to overly dwell — let alone predict — by subject title, however, if we search our recollect (thank you Ken Starr), was it not by this time a year ago that we’d witnessed a few...
Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove...
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