#Oil

Latest Oil market news, analysis and commentary.



There is a feeling of change within the strategy of how OPEC operates. This uncertainty has played a leading role behind the price of Oil coming under relentless pressure over the past couple of weeks, in anticipation of the cartel’s meeting in Vienna this...
With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.There is a catch, though. The strategy...
Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and OPEC’s production cuts.Brent crude futures, the international benchmark for oil prices, were at $76.79...
The G7 meeting is taking place today and tomorrow as world leaders meet to discuss global economic issues. Trade is expected to be a key issue during this meeting on the back of US Trade Tariffs and the retaliatory responses.At 08:15 GMT, ECB’s Mersch...
Oil prices on Thursday rose on the back of plunging exports by OPEC-member Venezuela, recovering some ground lost in the previous session, although another surge in U.S. production still weighed on markets, traders said.Brent crude futures were up 51 cents, or 0.7 percent, to...
US futures are roaring once again, investors are picking up the momentum where they left off yesterday. Dow Jones topped the 25K mark yesterday and the NASDAQ is equally flexing its muscles. This has stimulated confidence amidst investors.European political woes have taken the back...
Oil prices rose on Wednesday after Venezuela raised the prospect of a halt to some crude exports, but gains were capped by reports that the U.S. government had asked Saudi Arabia and some other OPEC producers to increase output.Falling Venezuelan oil production helped push...
Oil prices eased slightly on Thursday following a rally in the previous session, as investors eyed a surprise increase in U.S. crude oil inventories and looked to a possible rise in output when OPEC and other producers meet in June.Oil prices rebounded on Wednesday...
Investor fears over Italy’s political turmoil eased on Wednesday, leading to a sharp recovery in Italian assets, the Euro and global equities. Investor confidence that Italy will manage to overcome the current political deadlock was reflected in a bonds auction, where the government managed...
Oil slipped towards $75 a barrel on Wednesday, under pressure from expectations OPEC and its allies will pump more and as Italy’s political crisis increased investors’ aversion to risk.Global benchmark Brent crude has dropped $5 from a 3 1/2-year high of $80.50 a barrel...
Oil prices eased on Wednesday as the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs.Brent futures fell 37 cents, or nearly 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing...
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.Brent crude futures were at $79.06 per barrel at 0650 GMT, up 55 cents, or...
Last week the dollar carried on strengthening against the Euro and GDP which are once again trading back near the lowest level seen this year against the greenback.  This helped push European indices, such as the export-dominated German DAX and the FTSE 100, which...
This week should be all about contesting and consolidating last week’s significant breakouts in 10 year UST, EURUSD, USDJPY and Oil Prices. And despite weekend inspired short-covering in US fixed income, we’ve seen a weekly close in US 10y above 3.05 %. And with...
There is simply nothing exciting about the gold price. Mostly, it is the dollar story which is moving the market as investors are highly immune to geopolitical fears and being completely oblivious of it. Israel ranched up the tension over in the Middle East...
OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new U.S. sanctions, three sources familiar with the issue said, saying any loss in supply would take...
US President Trump’s withdrawal from the Iran nuclear treaty had little impact on US equities overnight but did manage to jolt the oil markets and encourage a brief flight into safe haven currencies. Despite a big build up to the announcement the markets have...
In a move that dealt a painful blow to global sentiment, President Donald Trump declared on Tuesday that the United States will be pulling out of the “defective” Iran nuclear deal.U.S stocks ended mixed on the news while oil prices fluctuated in each direction,...
Talking Points:France, Germany and the U.K. -  all implored Trump to remain in the landmark deal. A mammoth amount of oil exports finds its way to countries like China. Iranian oil production is bound to go down under the current situation. Lower supply...
Here are the latest developments in global markets:FOREX: The US dollar index was nearly 0.3% higher on Wednesday, touching its highest level in four-and-a-half months, and extending the significant gains it posted on Tuesday on the back of a rebound in longer-term US Treasury yields and particularly strong...
The FTSE 100 is being helped by oil stocks in the wake of President Trump’s withdrawal from the Iran nuclear deal.BP and Royal Dutch Shell are among the biggest gainers this morning, as they benefit from the underlying oil market. The US has pledged to reintroduce...
Whilst Wall Street closed higher on the day, the real action was in the oil markets. Oil extended gains from the European session into the start of the US session, easing back only after Trump announced a decision will be given tomorrow at 2pm...
Oil prices have seen one particular trend during the last few weeks and this trend has one particular direction- skewed to the upside. The US could change its position on Iranian nuclear deal which president Donald Trump has drummed many times as the worst...
Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the edge.Brent crude oil futures were at $73.31 per barrel...
Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that U.S. President Donald Trump may pull out of the Iran nuclear deal.U.S. West Texas Intermediate crude for June delivery was up 2 cents at...
When oil markets are headed towards rebalancing, any shocks due to supply shortage may lead to a huge spike in prices. Brent prices fell on Tuesday to a low of $73.47, indicating that $75 may be a short-term top. This was before Israeli Prime...
A big day for M&A saw markets in Europe close higher on the day at the end of a strongly positive month for European equities yesterday. The gains seen in Europe stand in marked contrast to the performance in US markets, which saw all...
Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a second straight month of gains.Oil prices were supported by supply...
Eurozone stocks are driving higher as the dip in the euro has boosted equity benchmarks.EuropeThe euro has sold off after the latest update from the European Central Bank (ECB), and the slide has helped the DAX and CAC 40, while the FTSE 100 is being dragged higher by...
Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.Brent crude oil futures were at 74.42 per barrel at 0135 GMT, up 42 cents, or 0.6...

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