The oil market is being pulled in two directions with exceedingly tight physical fundamentals set against forwardlooking demand concerns

The oil market is looking at the jobs report as a double-edged sword,”

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Oil prices continued lower today landing around 12-week lows in a volatile session overshadowed by recession concerns. Diesel futures fell over 5% today. “There are undeniably concerns about recessionary demand destruction, plus, WTI open interest at multi-year lows has created a bit of a liquidity crunch,” said Robert Yawger, executive director of energy futures at […]

Oil prices tanked today as recession fears were front and center. Brent fell as much as 9.5% followed by nat gas, refined products,

West Texas Intermediate crude (WTI) settled at $108.43 a barrel, gaining $2.67, or 2.5% cent on Friday of last week and up 81 cents a barrel week over week. Brent crude futures settled at US$111.63 a barrel, rising $2.60, or 2.4% up $1.49 per barrel week over week. Prices rose on Friday despite the release […]

Oil prices sold off three per cent on Thursday as OPEC+ confirmed it would increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output. U.S. West Texas Intermediate crude futures fell $4.02, or 3.7 percent, to settle at $105.76/bbl. Brent crude futures for September […]

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Oil prices rose again today for the third straight day as new reports show OPEC+ may be limited on excess capacity.

Oil prices rose today as the G7 promised more sanctions on Russia. The US is placing additional sanctions on Russian gold exports