Author: David Cohen

Oil prices have officially given up all of this year’s gains for both WTI and Brent

Oil prices fell to their lowest settlement levels this year with Brent closing below $80 for only the second time this year

Oil prices were lower today, following other financial markets lower on worries of an aggressive monetary policy.

Oil prices were lower today ahead of the OPEC+ meeting and the EU oil ban

Oil prices were mostly unchanged, retreating from an earlier rally.

Oil prices were higher today buoyed by optimism of tighter supply and a weaker dollar.

Oil prices were higher today on expectations of a lessening of Chinas strict Covid policy

Oil prices were mixed today after both contracts initially traded lower.

Oil prices sank today, continuing a streak of volatile trading as a big build in gasoline inventories surprised markets. Gasoline stocks rose by 3.1MM/bbls, but were only forecasted to have a build of 383K. “The build-in gasoline is kind of a shock,” said Phil Flynn, an analyst at Price Futures Group. “The increase in gasoline […]

Oil prices rose today after Saudi Arabia said OPEC+ was sticking with output cuts as planned. Prices pared gains later in the session as Bloomberg reported the EU watered down sanctions for a price cap on Russian oil. They are also delaying its full implementation and softening key shipping provisions. “The price cap is turning […]