Oil Prices Pare Early Morning Losses Driven By Trump’s Proposal Of 50% Tariffs On EU: Traders Eye US-Iran Talks Brent futures maturing in July dipped 0.62% in early morning trade but then reversed to trade higher by 0.76% to $64.95 per barrel on Friday.
Oil Poised For Weekly Decline As OPEC+ Oversupply Concerns Linger Brent crude futures fell about 0.6% to $64.06 per barrel, while West Texas Intermediate crude futures were down 0.7% at $60.80 per barrel.
Oil Prices Decline After Report Says OPEC+ Considering Raising Production In July Bloomberg reported, citing delegates, that OPEC+ was considering a 411,000 barrels per day hike among other options.
Oil Prices Rise After Reports Suggest Israel Preparing To Strike Iran’s Nuclear Facilities Brent crude futures rose 1.4% to $66.27 per barrel, while West Texas Intermediate crude futures slipped 1.5% to $62.96 per barrel at 4.42 am ET.
US Shale Output Will Flatten If Oil Prices Stay Near Current Levels, Says ConocoPhillips CEO Ryan Lance Lance also stated that the LNG market will grow to over 700 million tons from nearly 400 million tons over the next decade.
Financial Markets Report For Monday, April 28 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, April 28.
Financial Markets Report For Thursday, April 24 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, April 24.
Hot Off The Presses - The Energy Report U.S. crude oil inventories rose by 0.2 million barrels to 443.1 million barrels, about 5% below the five-year average for this time of year.
Brief Breather? Asian Markets Trade Mixed Despite US Relief Rally Asian stock markets presented a mixed picture on Thursday, suggesting investor caution quickly returned following a significant relief rally on Wall Street.
The Commodities Feed: All Is Not Well Within OPEC+ Growing disagreements between OPEC+ members have oil sitting out the broader risk-on move seen across financial markets as tariff tensions ease.
Oil Prices Drop As OPEC+ Weighs Accelerated Production Increase In June Several OPEC+ members are planning to propose a second consecutive monthly acceleration of oil output hikes in June.
Financial Markets Report For Wednesday, April 23 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 23.
Crude Oil Prices Tumble As Certain OPEC+ Members Reportedly Consider Output Hike In June West Texas Intermediate crude futures fell to as low as $62.57, down 3.30% or $2.10 from Tuesday’s closing price.
The Commodities Feed: The Door Opens For Tariff De-Escalation Risk assets staged a recovery yesterday amid growing hopes for a de-escalation in US-China trade tensions. President Trump also eased concerns he might fire Federal Reserve Chair Powell.
WTI Extends Gains To Near $64.00 On Iran Sanctions, Falling US Inventories West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday.
Financial Markets Report For Tuesday, April 22 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, April 22.
Crude Oil Prices Rebound After ‘Excessive’ Drop On Monday: US Stockpiles Expected To Have Declined Last Week However, IG Market Strategist Yeap Jun Rong expects crude oil prices to inch lower if the U.S. and Iran strike a nuclear deal.
The Commodities Feed: Gold Hits Fresh Record High Gold prices surged to fresh highs amid concerns about the US Federal Reserve’s independence. Oil and other risk assets, however, are under pressure amid heightened global uncertainty.
Financial Markets Report For Monday, April 21 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, April 21.
WTI Crude Oil Weekly Forecast: Slightly Higher Trading Range Attained For Now WTI Crude Oil went into the weekend near the 63.500 mark before the long holiday weekend began.
Repricing America A creeping rotation out of U.S. assets and a subtle, but steady, rethink of the dollar as the default global parking spot.
Financial Markets Report For Wednesday, April 16 In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 16.
OPEC Receives Updated Output Cut Compensation Plans From Iraq, Kazakhstan And Others These cuts are intended to offset the overproduction that has occurred beyond the agreed-upon quotas set by the organisation in previous months. The move signifies OPEC’s commitment to maintaining stability in the global oil market.
Welcome To The Stagflation Vortex — Powell Whiffs As Trade War Goes Full Metal Jacket The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.
