Oil prices were higher today as the prospects of a deal with Iran are looking less likely.

Oil prices were higher today as the prospects of a deal with Iran are looking less likely. The US group of negotiators is saying that Iran’s demands

Oil prices were slightly lower today in another volatile session. Saudi Arabia is raising its July crude prices to Asia after announcing OPEC+ would slightly increase

Oil settled higher today, supported by expectations that OPEC’s decision to increase production targets will not add that much too global supply

Oil prices rose again today as crude inventories were drawn down more than expected. This is despite OPEC+ agreeing to bring forward additional production hikes.

Oil prices rose today as the EU agreed to a phased ban on Russian oil. The group agreed in principle to cut roughly 90%

Oil prices turned negative today after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal. While there was no formal push for Organization

Oil prices were higher today, closing up week over week ahead of the long weekend for US markets.

Oil prices rallied today on signs of tight supply heading into summer driving season. Equity prices are also rising which sometimes leads crude higher, along with a weakening in the dollar. “Crude prices rose as a tight oil market was going to remain in place given the start of the summer driving season was going […]

Oil prices rose today as crude stocks declined again and refinery utilization rose to the highest level since pre-pandemic. US crude inventories declined by 1MM/bbls last week, compared to a forecasted draw of 740K/ bbls. Gasoline inventories decreased by 500K/bbls and distillate inventories increased by 1.7MM/bbls. Refined product exports were more than 6.2MM/bpd, which is […]