The Global Crude Oil Product market will be reshaped in 2024: geopolitical factors and changes in supply and demand have led to a significant shift in export patterns!
The Global Crude Oil Product export market experienced its first decline since the outbreak of the COVID-19 pandemic in 2024, with a decrease of 2%.
WTI Oscillates in a Range Below $73.00 Mark, Downside Potential Seems Limited
Oil Rally Stalls as European Gas Prices Weaken Amid Shifting Market Dynamics
WTI Declines to Near $73.00 Despite Higher Energy Demand, UAE's Supply Cuts
Preparing for "Trump 2.0"? Hedge funds are increasing their Call on oil prices.
Bull positions in Crude Oil have increased by 41% over the past three weeks, with net long positions reaching the highest level since August of last year. For traders more focused on fundamentals, Trump's tough stance on Iran has made them reluctant to short; Trump's potential tariff policies raise inflation concerns, which has also prompted traders to hedge risks by going long on oil.
El Petróleo Crudo Retrocede Tras Alcanzar Máximos De Casi Tres Meses
Update: WTI Crude Oil Closes With the First Loss in Six Sessions
Crude Futures Extend New Year Rally -- Market Talk
Oil Extends Strong Start to 2025 on Signs of Strong Demand for Mideast Crude
WTI Crude Extends Gains, Analysts Target US$80 Resistance
WTI Hovers Near $73.50, Upside Seems Possible Due to a Potential Increase in Oil Demand
Oil Prices Steady Near Two-Month High Amid Market Optimism
WTI Crude Gains Fifth Straight Day, Breaking Above December High
Trump calls on the United Kingdom to "open" the North Sea and dismantle the Generator.
① The elected president of the USA, Trump, posted on his personal Social Media platform Truth Social, urging the United Kingdom to open the "North Sea" and remove the Generator; ② Due to depleting reserves and the Global shift towards Wind Power, oil production in the North Sea has been continuously declining, and oil companies have gradually withdrawn from the North Sea in recent years.
Crude Oil Prices Near Two-Month Highs on Positive Market Sentiment Around Policy Support
WTI Crude Breaks Resistance, Eyes US$80 Next
USA's Crude Oil Product inventories continue to decrease, and oil prices are expected to rise for two consecutive weeks.
Due to the decrease in USA Crude Oil Product inventories, prices have increased. Oil prices have broken through the narrow Trade Range they had been in for several months, surpassing a key technical threshold.
Crude Oil Product inventories continue to decline, and oil prices have welcomed a three-time increase at the end of the year.
This week (12.26-1.1), Crude Oil Product has shown an upward trend with fluctuations. The average price of WTI this week is $70.73 per barrel, an increase of $1.05 per barrel, or 1.51%, compared to the previous week.
Oil Prices Inch Higher on China Stimulus Hopes; Set for 2nd Straight Weekly Gain
Weekly Crude Inventories Fall Less Than Expected