Oil Spikes As Storm Moves Closer To Gulf Of Mexico Production Hub
The prices of oil surged on August 27, 2021, and seems on track to record massive gains for the week on fears about supply disruptions as energy firms started shutting ...
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Tag: WTI
WTI Plunges In A Test Of The Bull’s Strength
Crude oil prices dropped by more than $2 per barrel on May 19 to reach their lowest levels in three weeks. In the final trading hour of the North American ...
Avoid Looking At Bitcoin Backwardation Like An Oil Trader
The bitcoin futures on the Chicago-based CME exchange dropped for several days into “backwardation,” a condition that arises in the commodities markets. In this scenario, the prices on near-month contracts ...
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, ...
Oil Drops As Uncertainties And Covid-19 Harass Global Economy
Oil prices have lost almost 2% early on November 6, 2020, as the United States reported a second straight day of record COVID-19 cases; while simultaneously counting in the closely ...
Oil Expected to Extend Weekly Gains Despite the Tense Global Market
The oil industry has experienced mixed outcomes in recent years due to the tension growing in the global market. Last Friday, oil prices plunged on expectations that OPEC would soon ...