Category: Petroleum Daily

Oil prices gained today, as geopolitical tensions continue to support prices. However, tensions may be fizzling in the Ukraine, as Ukraine’s defense chief said he doesn’t expect

Oil prices fell today, clawing back initial losses of more than 5% in a volatile session. Financial markets sold off today on investor concerns over the possibility of a quicker rate hike than expected, but…

Oil prices fell today, but were up week over week for the fifth week in a row. Prices are up more than 10% so far on the year.

Oil prices were pretty much flat for the day, despite a build in crude inventories and a large build in gasoline inventories.

“While $90 could have triggered some profit-taking and a minor cooling of prices, this suggests they’ll see no reprieve and we could realistically see $100 oil soon,”

Oil prices rallied again today, hitting 7 year highs as both contracts touched highs not seen since 2014

There has been a bump up in the geopolitical risk factor that is boosting prices

Oil prices edged lower after investors took profits after two days of gains among fears of an aggressive interest rate hike in the USA

Assuming China doesn’t suffer a sharp slowdown, that Omicron actually becomes Omi-gone, and with OPEC+’s ability to raise production clearly limited, I see no reason why Brent crude cannot move towards $100

Omicron has yet to wreak the havoc of the Delta variant and may never do so, keeping the global recovery on track,