Category: Petroleum Daily

Oil prices rallied today as the recent dollar strength has started to come off. A new hardline President will be taking office in Iran, which seems to have clouded the prospects for the Iranian nuclear deal

Oil prices rose today, despite the dollar continuing to rise, as OPEC sources said the group is expecting limited output increases out of the US. Shale output is expected to surge in 2022,

There was no market commentary for 6-17

Oil traded mostly flat today, hovering around multiyear highs as the Fed
has moved up its timeline for interest rate increases.

Oil prices continued to rise today, unabashed by lower than expected retail sales numbers that included consumers trimming purchases of autos, electronics, building materials etc.

Oil prices were mostly flat for the day, trading up to new highs before settling lower on news that Brittan is extending their shutdown another month.

Oil traded up slightly, settling again at multi year highs, and recording a 3rd straight week of gains.

Oil continued to rise today, reaching new two year highs in a volatile session.
Prices had initially traded down significantly

Oil prices declined today, likely a combination of profit taking and due to a large build in fuel inventories.

Oil prices came back slightly today, with US prices settling at the highest level in more than two years.