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As Brent crude edges closer to the symbolic threshold of $100 per barrel, nations and industries worldwide are bracing for the impact.The surge to nearly $95 this week marks a 10-month high due to a...
Crude oil prices were retreating in the last two days ahead of the FOMC decision The prices now trade about 3.5% lower than the highs printed on Tuesday morning Several industry officials have noted...
Oil prices have been rising to multi-month highs recently on tightening supply and recent production cuts by Saudi Arabia and Russia. As a result, Chevron (NYSE:CVX) CEO expects prices to exceed...
Oil prices extended 10-month highs on Wednesday. Meanwhile, annual inflation rose higher than expected to 3.7% in August.Oil prices soared to the highest since November 2022 on Wednesday...
Oil prices are on the rise once again. US crude managed to break above a key resistance back in late August and has been steadily making its way towards the $90 mark, with Brent crude...
The oil market rallied yesterday on the back of a constructive OPEC report. Today, all attention will be on the IEA’s monthly oil report and whether the agency shares the same view as OPECEnergy...
In the short-run, energy stocks are outperforming the S&P 500.The Strategic Petroleum Reserve (SPR) is at its lowest point since 1983, at 347 million barrels. Established in 1975 from the fallout...
Oil bulls seek to keep a barrel at a high $90 despite inflation on the rise Aside from Wednesday’s U.S. CPI, traders on lookout for OPEC, IEA reports Indication of demand will be key, with...
Investors in Europe and the US are preparing for a volatile week as the economic docket is full of fireworks. Since last week, concerns about the Fed’s interest rate cycle have begun to surface...
The oil market had largely expected the Saudis and Russians to extend supply cuts. What was unexpected was extending these cuts through until year-endEnergy – Saudi Extends CutsThe oil market...
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