Author: David Cohen

“We had a very substantial crude oil inventory draw helped by a second week of very robust crude oil exports as well as an increase in refinery utilization now exceeding 80 per cent,”

Oil railed today with both contracts eking out more than 4% gains on the day, as WTI broke $50 for the first time since Feb before slightly trading down.

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Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.

Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.

After a momentary rally in oil, crude prices seemed to have deflated as investors ignored a broader surge

PFL will return 12/28/2020

Oil prices moved higher today after the EIA reported an inventory draw of 600,000 barrels for the week to December 18th.

Oil prices fell today, adding to losses from yesterday’s session as specs get weeded out. Detection of a new variant of the virus is causing countries to restrict travel to the UK and

Oil prices fell today as a “fast spreading new coronavirus strain” has shut down a large swatch of the UK and led to travel restrictions across the globe.