The scenario for Brent crude oil at $60-$65 per barrel through 2H just got stronger, Citi Research’s Francesco Martoccia said in a research report.
Oil prices rose marginally in early Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S ...
Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
Global benchmark crude oil prices fell today, Feb. 5, amid expectations of US inventories rising and the continued trade ...
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, ...
Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President ...
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Crude oil faces downside pressure as rising inventories and trade concerns weigh on sentiment. Key technical levels signal potential breakout or pullback.
The crude oil market continues to see a lot of choppy noise, but at this point in time, it looks like the market is about to try to recover.
Goldman: "We estimate that Brent could temporarily rise to $93/bbl in a scenario where sanctioned supply falls by 1mb/d persistently for Iran and temporarily for Russia" ...
OIL prices settled lower on Thursday after US President Donald Trump repeated a pledge to raise US oil production, unnerving ...
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