Energy Markets Begin 2023 With Largest Weekly Drop In Years
Energy futures for crude oil, refined products, and natural gas have plunged in the New Year as traders reconsidered short-term fears over cold weather and fears of supply shortage and ...
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Tag: Oil Futures
Oil Prices Rise On China Data As OPEC Reports Point To Increased Demand
Crude oil futures traded higher on April 13, 2021, after a report on Chinese international trade offered more evidence that an economic rebound was taking hold in one of the ...
Oil Rally Resumes Ahead Of OPEC+ Meeting, US Passes Stimulus Package
The oil price rebounded on March 1, 2021, before retreating slightly, after the US House of Representatives authorized a $1.9trn (£1.36trn) stimulus package over the weekend. Brent crude has managed ...
Oil Futures Weaken After December China Crude Imports Fall
The latest reports indicate that oil futures lost ground on January 14, 2021. The loss comes on track for back-to-back losses as the investors reacted to data that showed a ...
Oil Prices Mixed But Enroute For Weekly Gain As OPEC+ Meeting Approaches
The OPEC+ ministers are scheduled to meet on November 30, and rumors state that they are leaning towards delaying 2021’s planned increase in oil output. Today, oil prices were mixed, ...
Brent Crude Surpasses $40 Lifted By Joe Biden’s Win
On November 9, 2021, oil prices gained over 2% with the Brent futures surging to surpass $40 per barrel. All that happened after Joe Biden cliched the US presidency and ...
Oil Slides Further As US Producers Resume Output After Hurricane
Oil prices plunged for a second session on October 12, 2021, as the U.S. producers started restoring output after Hurricane Delta weakened. Also, a strike that had affected production in ...
Oil Prices Rise As Hurricane Delta Heads To Gulf Of Mexico
Oil prices rose slightly on October 8 as oil workers evacuated most of the rigs in the Gulf of Mexico as Hurricane Delta approaches. However, fuel demand worries insisted on ...
Oil Climbs As President Trump Returns To White House
Oil prices have gained on October 6 as fears increased that refineries might be hit by a storm that is brewing in the Gulf of Mexico. Buyers also drew some ...
Oil Ticks As OPEC Tells Members To Stick To Quotas
On September 18, 2021, oil prices rose for a fourth consecutive day. The surge put crude on track for a weekly gain of around 10%; after Saudi Arabia pressed allies ...