Category: Petroleum Daily

Oil prices sank today, as markets worried about a fall in demand after a 75 bp rate hike today by the Fed.

Oil prices were lower today as fears of a cool down in financial conditions have been suppressing markets.

Oil was higher today as equity markets nosedived. Oil supplies are tight, with OPEC and allies unable to fully deliver on pledged output increases because of a lack of capacity in many producers,

Oil prices were slightly lower today but still hovered around three month highs.

Oil prices were slightly lower today but still hovered around three month highs. Refiners worldwide have shut facilities, and capacity is tight as well because of reduced activity in Russia.

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.