Oil prices were higher today with Brent trading above $89 for the first time since October. Russia, among the top three global oil producers and one of the largest exporters of oil products, has been contending with Ukrainian attacks on oil refineries and has also attacked Ukrainian energy infrastructure. “The likelihood that continued restricted Russian […]
Oil prices were higher today trading up to 5 month highs. Expectations of economic growth in the US and China have been a catalyst. In China, manufacturing activity in March expanded for the first time in six months, according to an official factory survey. “Chinese oil demand is arguably the one missing factor outside of […]
“You do not write your life with words…You write it with actions. What you think is not important. It is only important what you do.”― Patrick Ness Jobs Update Stocks closed mixed on Thursday of last week, and mixed week over week The DOW closed higher on Thursday of last week, up 47.29 points (0.12%), […]
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Oil prices rose today closing out the month higher on the prospect of OPEC+ continuing to keep production cuts in place. Speaking about yesterday’s jump in crude inventories “We … expect U.S. inventories to rise less than normal in reflection of a global oil market in a slight deficit,” SEB analyst Bjarne Schieldrop said. “This […]
Oil prices were lower today on a stronger dollar and surprise jump in crude inventories. Both contracts have been under selling pressure since hitting four month highs last week. US crude inventories rose by 3.2MM/bbls, versus a forecasted decline of 1.3MM/bbls. Gasoline inventories rose by 1.3MM/bbls versus an expected drop of 1.7MM/bbls. Gasoline demand meanwhile […]
Oil prices were slightly lower today as investors took a more mixed view toward the loss of Russian capacity. Russia’s government ordered companies to cut output in the second quarter to meet a 9 million barrels per day (bpd) target to comply with pledges to the OPEC+ consumer group. “Gasoline is seeing the support of […]
Oil prices were higher today as the Russian government is curbing oil output. Moscow has ordered companies to reduce oil output in the second quarter to meet a production target of 9 million bpd by the end of June, in line with its pledges to the producer group OPEC+, three industry sources said on Monday. […]
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“No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” – Heraclitus Jobs Update Stocks closed mixed on Friday of last week and mixed week over week The DOW closed lower on Friday of last week, down -305.47 points (-0.77%), closing out the week […]