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.
Citi has forecast that oil prices will average $86 per barrel in the second quarter, slightly higher than current Brent price ...
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 ...
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.
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 ...
Over the past month, oil has gone from a clear sell to what is now approaching an attractive buying opportunity for energy ...
Last week witnessed a downturn in oil prices, spurred by remarks from officials of the US Federal Reserve hinting at the ...
Oil futures ended lower on Friday, but U.S. and global benchmark prices made only modest moves for the week as traders ...
Chinese refiners will lift less Saudi crude oil in June than in May, people with knowledge of the matter said on Friday.