Tag: crude oil

After registering some gains at the start of July 27’s trading session, the oil prices made U-turn and dropped as increasing COVID-19 cases in most countries and reduced commercial flights ...

Importers of crude oil have now benefitted from a weak US dollar that hit its lowest since September 2018. This weakening of the dollar offset low demand experienced from the ...

Morgan Stanley analysts say that the ratio between two of the world’s most-watched commodities is worth reviewing. That ratio may prove to be of interest to anyone who seeks guidance ...

Global oil storage was at a premium when the bottom fell out of international crude oil markets earlier in 2021. In the US, getting enough crude oil storage became a ...

The U.S. West Texas Intermediate (WTI) crude oil futures as expected closed on their high on July 2 as the traders reacted to the better than expected United States Non-Farm ...

On June 26, oil prices surged as traders showed some reserved positivity in the day’s Asian session. Even though the oil prices experienced some modest gains, the contracts retreated slightly ...

On June 22, the oil prices dropped significantly as worries grew that a record surge in global COVID-19 infections may plague the recovery in fuel demand. That factor was seen ...

On June 7, the crude oil futures were volatile but tilting higher after OPEC+ nations agreed on June 6 to extend a production cut to almost 10 million barrels per ...

On June 1, oil prices lost almost 1% as many traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC). They took that strategy after considering the Meeting ...

It is highly likely that the oil market may remain in a contango state in the long term. Analysts believe that it might be oil’s fate after supply and demand ...