Crude oil prices were steady, coming off a little today from yesterdays close. OPEC+ is discussing another gradual output increase from August, but no final decision has yet been made.
Crude oil prices were steady, coming off a little today from yesterdays close. OPEC+ is discussing another gradual output increase from August, but no final decision has yet been made.
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
According to Goldman Sachs, strong U.S. demand growth is being passed on to Europe and emerging markets, where India is showing improvements. Global oil demand has hit 97 million barrels per oil per day recently, up from 95 million barrels per day from just a few weeks ago. Consumption before the pandemic stood at 100 million barrels per day, so we are almost there folks!
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.
“If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep moving forward.” ― Martin Luther King Jr. Weekly Jobless Claims down Week over Week Yet Again Stocks up Friday of last week Dow Down week over week The Dow […]
Oil traded up slightly, settling again at multi year highs, and recording a 3rd straight week of gains.