Category: Petroleum Daily

Oil prices closed mostly flat today after rallying earlier in the day as the market weighs the possibility of an aggressive (and un-forecasted) rate hike sooner than expected.

Oil prices came back today, fueled by inventory draws across the board. Crude stocks fell by 4.8MM/bbls, vs a forecasted build of 369K/bbls.

Oil prices slid today, cooling off after hitting 7 year highs. The market is nervous of additional supply from Iran, as talks resumed today to revive the international nuclear agreement.

Oil prices were lower today, as sources indicated some small progress may have been made in Iran talks

Oil prices rallied today, with WTI topping $90/bbl for the first time since 2014

Oil prices had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions

Oil prices had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions

This is the sixth straight week over week gain, the longest run since October. Brent is in steep backwadartion of $6.92/bbl, the biggest gap since 2013.

WTI fell today, and Brent was mostly flat as Fed tightening (which means a stronger dollar) is putting pressure on markets.

Oil prices rallied today, extending yesterday’s rebound with Brent topping $90/bbl for the first time since 2014 before trading slightly lower. O