Author: David Cohen

Oil prices were higher today but both contracts logged losses for the second month in a row.

Oil prices were mixed today as today’s GDP numbers indicated the US is officially in a technical recession. Recession and demand concerns have been weighing on crude prices for the last few weeks. The US economy “unexpectedly” contracted in the second quarter of this year in tandem with a weaker-than-expected jobs report. “When we look […]

Oil prices were higher today on a larger than expected drop in US crude inventories and cuts of Russian gas flows to Europe

Oil prices were lower today as investors were worried about a bad consumer confidence report and another 20MM/bbls release from the SPR

Oil was higher today, as Russia again is shipping less gas to the EU due to issues with the Nord Steam

Crude prices traded down today with US crude settling below $95 for the first time since April in another choppy session

Crude prices traded down today with US crude settling below $95 for the first time since April in another choppy session

Oil prices were lower today as demand for gasoline (product supplied) was lower than expected and gasoline inventories were much higher than expected.

Oil prices were higher today, with Brent touching two-week highs in a volatile trade session. “Crude oil has staged an incredible turnaround today,” said Robert Yawger, executive director of energy futures at Mizuho. “There was no big red bullish headline to greenlight the rally, but the combination of beaten down open interest and low trade […]

Oil prices rallied today as Gazprom officially declared force majeure on its supplies to a “European Customer” (Germany). They will be halting supplies to the region indefinitely, which will lead manufacturing and utilities to transition to oil over gas. European nations are already taking measures (dimming streetlights, restating power plants) and asking citizens to turn […]