You can't make this up: Here's a chart of oil prices with every OPEC-related production cut this year. Back in late-2022, the US announced they wanted to refill the Strategic Petroleum Reserve (SPR) when oil prices hit the $67 to $72 area. Every single time oil prices have fallen to $67-$72, OPEC has taken action this year. Last week, Russia and Saudi Arabia agreed to cut 1.5 million barrels per day of production in August. This came as crude oil prices hit $67.00 to the TICK and now oil prices ...
Hotspots Oil, bolstered by a broad-based market rally, rose for a second day as US crude and gasoline stockpiles showed signs of continuing decline ahead of the summer driving season. $Crude Oil Futures(MAY5) (CLmain.US)$ Crude oil prices still remain high at present, with$Brent Last Day Financial Futures(JUN5) (BZmain.US)$above $110 a barrel for quite some time.“The realization is settin...
Natural gas prices jumped in the past few weeks, and investors are betting the surge will last for a while. The front-month natural gas futures pricing spiked to US$7.5/Mmbtu on Monday, while it was traded just above US$7.0/Mmbtu on last Thursday. U.S. natural gas prices surged to the highest intraday level in over 13 years as robust demand tests U.S. drillers' ability to expand supplies. --- According to Bloombe...
Here's a chart of oil prices with every OPEC-related production cut this year.
Back in late-2022, the US announced they wanted to refill the Strategic Petroleum Reserve (SPR) when oil prices hit the $67 to $72 area.
Every single time oil prices have fallen to $67-$72, OPEC has taken action this year.
Last week, Russia and Saudi Arabia agreed to cut 1.5 million barrels per day of production in August.
This came as crude oil prices hit $67.00 to the TICK and now oil prices ...
Among them, Occidental Petroleum rose 119% last year, the best-performing st...
Oil, bolstered by a broad-based market rally, rose for a second day as US crude and gasoline stockpiles showed signs of continuing decline ahead of the summer driving season.
$Crude Oil Futures(MAY5) (CLmain.US)$
Crude oil prices still remain high at present, with $Brent Last Day Financial Futures(JUN5) (BZmain.US)$ above $110 a barrel for quite some time.“The realization is settin...
The front-month natural gas futures pricing spiked to US$7.5/Mmbtu on Monday, while it was traded just above US$7.0/Mmbtu on last Thursday.
U.S. natural gas prices surged to the highest intraday level in over 13 years as robust demand tests U.S. drillers' ability to expand supplies.
--- According to Bloombe...
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