Category: Petroleum Daily

Click here if viewing from mobile

Oil prices were higher today, reversing course from earlier in the session as the rally in the diesel market continued.

Oil prices traded down today, after initially trading higher earlier in the session in a volatile day. Heating oil prices plummeted today into expiration of the front month contract, dropping as much as 20% at one point.

Oil prices settled up today on the likelihood that Germany will embargo Russian oil. Germany’s Economy Minister commented that the nation could cope with an EU embargo on Russian oil.

Oil prices rose slightly today, trading up later in the day after trading down earlier in the session. Russia moved to cut gas shipments off to Bulgaria and Poland,

Oil prices rose today, rebounding from yesterday in a volatile session. China’s central bank said it will step up prudent monetary policy support to the economy, which could be a boost to oil demand.

Oil prices slumped today to the lowest in two weeks after falling 5% last week. Prices are now down about 25% from recent highs and net long positions are the lowest since 2020.

Oil prices fell today, posting a weekly loss of almost 5% as financials markets were down across the board.

Oil prices rose on Thursday, players were concerned about tightened supply as the EU is considering a potential ban on Russian oil imports that would further restrict worldwide oil trade

Click here if viewing from mobile