Category: Petroleum Daily

Oil prices rallied today despite a surprise build in Crude inventories, the first in 8 weeks. Analysts were expecting a draw of upwards of 4MM/bbls, yet

Oil prices rebounded today in a strong session but pared gains afterhours when the API released its crude inventory numbers.

Oil prices tanked today as cases of the Covid 19 Delta variant are rising across the globe and the market sees rising supply following an OPEC+ deal to restore production

Oil prices were up slightly today, but still down big week over week after a few rocky trading sessions. This is the biggest weekly loss since March as rising Covid-19 threatened

Oil prices were lower again today, as investors are bracing for higher supplies on the back of an OPEC compromise agreement. The UAE wants any production cuts post April 2022 to have a higher baseline production number

Oil prices came off today as Saudi Arabia and the UAE have reached a compromise on the UAE increasing its baseline production. Sources say this should pave the way for the group to reach a deal on outp

Oil prices rose today as expectations of a further draw in inventories supported prices. Crude inventories have been on the decline for 7 weeks, now below pandemic levels in a

Oil prices came off today as economic concerns and Covid spread are outweighing bullish fundamentals.

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