U.S. crude stockpiles declined by 2.5 million barrels last week as refiners processed more crude in a sign that demand might be perking up. Oil prices held firm Thursday as stockpiles in the U.S.
Monty Rakusen/DigitalVision via Getty Images As markets look ahead to OPEC+ meeting in early June where the producer group is expected to extend the ...
Citi has forecast that oil prices will average $86 per barrel in the second quarter, slightly higher than current Brent price ...
WTI crude prices decline as OPEC keeps its demand forecast unchanged, while analysts and traders surveyed by Dow Jones Newswires forecast an 1.1 million barrels reduction in U.S. oil inventories.
Over the past month, oil has gone from a clear sell to what is now approaching an attractive buying opportunity for energy ...
Commodity analysts at Standard Chartered have revealed that hedge ratios for 2024 U.S. oil and gas output remain well below long-term averages ...
Indeed, Joe Biden also seems to have a knack for the oil trade. Two years ago his administration initiated the largest ever sell-off from America’s Strategic Petroleum Reserve ( SPR ), an emergency ...
European markets and US futures are trading higher while investors wait for the two most important events to unfold, and one of them will very much shape trading activity for the rest of the month.
Oil futures ended lower on Friday, but U.S. and global benchmark prices made only modest moves for the week as traders ...
RWE , Germany's largest electricity producer, on Wednesday said its first-quarter core profit fell by more than a quarter, ...