Crude Oil News

Oil: WTI tumbles more than 3%, remains under $40 at one-week lows
Oil: WTI tumbles more than 3%, remains under $40 at one-week lows
Crude oil prices turned sharply lower after the beginning of the American session. WTI drops more than 3%, to the lowest since July 1. Crude oil&nb...
Commodity News 9 minutes ago
Oil Price Analysis: WTI dipps under $40 but there are a few key support levels close by
Oil Price Analysis: WTI dipps under $40 but there are a few key support levels close by
WTI is trading over 2% lower on Thursday as a bout of risk-off sentiment sents commodities lower. The price is currently hugging the $40 per barrel ps...
Commodity News 2 hours ago
USD/CAD advances toward 1.3600 on USD strength, oil selloff
USD/CAD advances toward 1.3600 on USD strength, oil selloff
USD/CAD gains traction during American session on Thursday. US Dollar Index advances above 96.70 on risk aversion. WTI slumps below $40, weighs on commod...
Currency News 2 hours ago
Oil: Hopes of further inventory withdrawals keep positive mood – ANZ
Oil: Hopes of further inventory withdrawals keep positive mood – ANZ
Brent crude oil fell to a low of $42.46/bbl before recovering to above $43/bbl as the rally runs on thin ice amid resurgence of COVID-19 cases, strategists at A...
Commodity News 1 days ago
Oil Price Analysis: Break of the triangle pattern could take WTI to a new 17 week high
Oil Price Analysis: Break of the triangle pattern could take WTI to a new 17 week high
WTI is trading 0.65% higher on Tuesday and is close to breaking recent highs again. The EIA has stated that global oil demand has risen by 190K bpd. WTI...
Commodity News 2 days ago
Oil: Expectations of increasing output joins dark demand recovery – TDS
Oil: Expectations of increasing output joins dark demand recovery – TDS
Crude continues to trade at the top of the recent range, north of $40/bbl but concerns such as increases on the supply side and worries about demand recovery du...
Commodity News 2 days ago
Saudi Arabia raises August crude oil prices to Asia by $1 for all grades – Reuters
Saudi Arabia raises August crude oil prices to Asia by $1 for all grades – Reuters
Citing two sources with the access to the price documents, Reuters reported on Monday, Saudi Aramco raised the August price for its Arab Light grade for Asian c...
Forex News 4 days ago
Brent Oil to reach $60 by end-2022 – Capital Economics
Brent Oil to reach $60 by end-2022 – Capital Economics
Economists at Capital Economics expect the price of Brent Crude Oil to rise as high as $60 by the end of 2022 from the current level around $42 despite a slower...
Commodity News 6 days ago
Moody’s casts dark cloud on global oil demand growth outlook
Moody’s casts dark cloud on global oil demand growth outlook
In a recent research report, Moody’s Investors Service turned bearish on oil demand growth outlook, courtesy of the coronavirus pandemic. Key quotes “Global o...
Forex News 7 days ago
S&P 500 top movers: Energy stocks post strong gains on rising crude oil prices
S&P 500 top movers: Energy stocks post strong gains on rising crude oil prices
S&P 500 remains on track to close higher for fourth straight day. Energy shares are rising sharply on rallying crude oil prices. Noble Energy Inc (NB...
Forex News 1 weeks ago (07-03)
Oil Price Analysis: $40 per barrel has been broken again but there is a lack of conviction at these current levels
Oil Price Analysis: $40 per barrel has been broken again but there is a lack of conviction at these current levels
WTI has moved 1.15% higher on Thursday above USD 40 per barrel again. The last few sessions have not produced too much volatility. WTI 4-hour chart WTI...
Commodity News 1 weeks ago (07-03)
United States Baker Hughes US Oil Rig Count declined to 185 from previous 188
United States Baker Hughes US Oil Rig Count declined to 185 from previous 188
...
Commodity News 1 weeks ago (07-03)
2020 is the worst year in oil history
2020 is the worst year in oil history
Coronavirus and massive oil oversupply was a once-in-a-generation coincidence. Is the worst over?What’s happening?This year has been really tough for most indus...
Institution Opinions 1 weeks ago (07-02)
WTI looks to extend gains above $40 amid risk-on, US crude stocks draw
WTI looks to extend gains above $40 amid risk-on, US crude stocks draw
WTI cheers risk-on mood and US crude stocks draw. Broad USD weakness ahead of key US NFP lends support. US states lockdown due to virus could threate...
Commodity News 1 weeks ago (07-02)
Oil: Subdued demand recavoery to limit the uptrend – ANZ
Oil: Subdued demand recavoery to limit the uptrend – ANZ
WTI is up 0.90% on Thursday as crude oil prices held early gains after inventories in the US fell more than expected. Nonetheless, signs of the demand recovery...
Commodity News 1 weeks ago (07-02)
Return to $100 Oil more fantasy than reality - Citigroup
Return to $100 Oil more fantasy than reality - Citigroup
Citigroup analysts think oil may never return to $100 levels and forecasts for triple-digit crude have far more fantasy than reality at their heart, according t...
Commodity News 1 weeks ago (07-02)
Goldman Sachs: We are bullish on oil further out into 2021
Goldman Sachs: We are bullish on oil further out into 2021
Analysts at Goldman Sachs expect oil prices to continue rising in 2021, however, they expect prices to trade around $35 per barrel in the near-term.  "We...
Commodity News 1 weeks ago (07-02)
Oil Price Analysis: WTI stalling once again ahead of $40
Oil Price Analysis: WTI stalling once again ahead of $40
WTI is trading 0.37% lower on Wednesday despite a draw in DoE's this afternoon. Crude oil inventories dropped 7.195mln vs expectations of - 0.710mln....
Commodity News 1 weeks ago (07-02)
United States EIA Crude Oil Stocks Change below forecasts (-0.71M) in June 26: Actual (-7.195M)
United States EIA Crude Oil Stocks Change below forecasts (-0.71M) in June 26: Actual (-7.195M)
...
Commodity News 1 weeks ago (07-02)
EIA: US Crude Oil Stocks Change at -7.2 million barrels in week ending June 26
EIA: US Crude Oil Stocks Change at -7.2 million barrels in week ending June 26
Commercial crude oil inventories in the United States decreased by 7.2 million barrels in the week ending June 26th, the Energy Information Administration...
Commodity News 1 weeks ago (07-02)
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