Category: Petroleum Daily

Oil prices came off strong today, in a combination of rising crude inventories, increasing production, and Fed tapering.

Oil prices came off strong today, in a combination of rising crude inventories, increasing production, and Fed tapering.

Oil prices were down slightly in a choppy session as the market awaits tomorrow stocks data and Thursdays OPEC+ meeting. “We anticipate the relatively neutral trading will continue until we have more definition from OPEC on December production plans

Oil continued to rise today, with the differential between Brent and WTI narrowing to below $.50. Prices are higher on expectations of stronger demand and a belief that OPEC+ will keep the production increases steady.

Oil posted a monthly gain of 11 per cent on signs that consumption is outpacing supply and draining stockpiles. Oil’s advance this month is a result of an ongoing shortage of natural gas, which has boosted demand for oil products such as heating oil,

Crude prices continued to rally today with Brent and WTI both closing at 7 year highs. OPEC+ is pushing back on pressure to increase output and has so far stuck with their existing production schedules

Crude prices continued to rally today with Brent and WTI both closing at 7 year highs. OPEC+ is pushing back on pressure to increase output and has so far stuck with their existing production schedules

Crude prices continued to rally today with Brent and WTI both closing at 7 year highs. OPEC+ is pushing back on pressure to increase output and has so far stuck with their existing production schedules

Oil prices remained strong today along with nat gas, with WTI touching the highest level since 10/2014. Brent is now hovering around 3 year highs.

Oil prices rose today, hovering near recent highs and closing up week over week. Gasoline demand remains strong, with the highest implied demand since 2007 despite higher prices at the pump.