Category: Petroleum Daily

Japan and South Korea have shown resistance to releasing reserves, so we’re coming back up a little bit

Oil prices slumped Wednesday after OPEC and the IEA warned of looming oversupply issues paired with

if you look at what is happening on the demand side, there you get some questions. Demand is robust today but will it be robust in six months’ time?

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Oil prices fell today, posting their third drop week over week, wiping out gains from yesterday’s session. The market is still concerned with worries that the Fed will accelerate its plans to boost interest rates to tame inflation

Oil prices bounced slightly today, grappling with a stronger dollar and OPEC cutting its 2021 oil demand forecast on higher prices.

Oil prices traded down today, plunging into todays close as the dollar surged amidst a broader surge in inflation.

Oil prices rose to two week highs today on bullish fundamentals and a positive demand outlook. The US has lifted travel restrictions on 33 foreign countries, which should be an immediate boost to jet fuel consumption.

Oil prices continued to rise today coming off a strong Friday session as positive economic indicators helped support prices

Crude prices rose today, trading up after the rout over the last couple days. The Department of energy said any decision on whether to tap strategic oil reserves in order to combat rising prices is ultimately up to the President.