"Three Barrels of Oil" plummeted, and petroleum stocks crashed! What are the key factors affecting oil prices?
Wall Street banks have divergent views on oil prices.
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
WTI tumbled below $80.00 per barrel as Crude Oil bids crumble.
Crude Oil Is on a Brink of a Turn – TDS
Crude oil markets could be about to break down. A downtape could now force trend-followers to liquidate a massive -40% of their max size, TDS senior commodity strategist Daniel Ghali notes.
Oil Slips on Chinese Demand Concerns Despite U.S. Rate-Cut Optimism
0756 GMT - Oil prices are edging lower on concerns over China's demand outlook despite dovish comments from Fed Chair Jerome Powell ramping up bets on a September rate cut. Brent crude is down 0.7%
Crude Oil: Downside Pressures to Continue – TDS
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes.
Oil Slips on Stronger U.S. Dollar After Trump Assassination Attempt
Oil prices are edging lower on a stronger U.S. dollar following the attempted assassination of former President Donald Trump over the weekend. Brent crude and WTI are both down 0.1% to $84.92 and $82.
Petrobras (PBR) Eyes Expansion of Bolivia's Gas Investments
Bolivia has considerable natural gas reserves. However, the production has nearly halved from its peak a decade ago.
Oil Stats Are All Over the Place; It's a Problem for Investors and Environmentalists Alike -- Barrons.com
To slow the most devastating impacts of climate change, countries will have to agree on how to move away from fossil fuels and toward cleaner alternatives. Today, the world's biggest energy organizations can't even agree on how much oil is already being used.
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Crude Oil Regains Some Track – TDS
Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.
OPEC Holds Oil-Demand View Steady, Expects Faster Economic Growth -- Update
The Organization of the Petroleum Exporting Countries kept its bullish outlook for oil-demand growth unchanged and raised its economic-growth forecast for this year, citing solid momentum across major economies.
Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no
Supply Risk Drives Oil Market Upside – TDS
Oil market upside is driven by supply side risk. Meanwhile, the impact to oil supply from hurricane Beryl was less than expected, adding further downward pressure to the market, TDS Senior Commodity Strategist Ryan McKay notes.
Jim Cramer Says He Will Pay No Amount For This Energy Stock, Calls Ferguson A 'Very, Very Good' Company
On CNBC's "Mad Money Lightning Round," Jim Cramer said Ferguson plc (NYSE:FERG) is a "very, very good" company. However, he recommends Trane Technologies plc (NYSE:TT) or Carrier Global Corporation (
Petrobras (PBR) Raises Domestic Gasoline Prices in Brazil
Brazil has been facing several financial challenges, with crude oil prices increasing by 13% this year, recently hitting $87 per barrel, the highest since April.
GTJA Securities: Crude oil prices continue to trade in line with seasonal expectations.
Last week, crude oil prices continued to remain strong and broke through previous resistance levels. In terms of demand, according to the EIA report, the demand for refined products improved marginally month-on-month and crude oil inventory reduction was better than expected.
Crude Oil Declines on Monday, WTI Faces Familiar Technical Levels as Tropical Storm Fears Ease
Crude Oil Declines on Monday, WTI Faces Familiar Technical Levels as Tropical Storm Fears Ease
Petrobras Surprises With First Gasoline Price Hike in 11 Months
Sector Update: Energy Stocks Slipping Late Monday Afternoon
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each shedding 0.8%.The Philadelphia Oil Service Sector index was adding 0
Sector Update: Energy
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each shedding 0.8%.The Philadelphia Oil Service Sector index was adding 0