Can US Crude Oil Break Below $57 Next Week?
The implied volatility for this calculation was 18.1%. On December 14, 2017, US crude oil January 2018 futures closed at $57.04 per barrel. If oil prices break below the $57 level next week, the S&P 500 Index (SPY) and the Dow Jones Industrial Average ...
Energy Market Commentary: Strength In Crude Driving Energy Stocks
Energy stocks are expected to open higher behind the strength of crude oil prices and broader equity futures. Today is quadruple witching expiration, along with several index rebalances, so volatility will be elevated, especially near the closing bell ...
News Highlights: Top Energy News of the Day
Commodities Are Strong in the Early Hours on December 15
Crude oil prices were strong at the beginning of the week due to the North Sea crude oil pipeline outage. The market sentiment is mixed amid the drawdown in inventory levels and profit-booking. According to data released by the U.S. Energy Information ...
Production Cuts Lousy Panacea for Broken Oil Markets
As many expected, OPEC announced Nov. 30 that it will extend its crude-oil production cuts through the end of 2018. The impact of these cuts will fall short of what the cartel and its partners are hoping for, however. Several months of stagnating shale ...
Will Non-OPEC Oil Supply Dominate Oil Prices in 2018?
Is The Oil Glut Set To Return?
IEA: Rising US output threatens global oil market balance in 2018
Crude Oil - Saudi Arabia Trades A Losing Strategy For A Winning One
2017 was an exciting year in the crude oil market. The price of the energy commodity traded from lows of $42.05 on June 21 to highs of $59.05 per barrel on November 24 on the nearby NYMEX futures contract. The $17 price range was significant, and crude ...
Oil stable on tighter market, but rising US output looms for 2018
The ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was also buoying crude prices, traders said, as inventories around the world were gradually being drawn down. “Inventory drawdowns keep us confident that longer term ...
Oil prices edge up on North Sea pipeline outage, falling stocks
'Perfect Storm' Wreaks Havoc On Europe's Energy Market
Forties Pipeline Outage a Mixed Bag for Crude Tanker Market
Rising US output threatens global oil market balance in 2018
The IEA last month predicted non-OPEC supply would increase by 1.3 million bpd in 2018, but the pace of growth in U.S. shale output prompted the agency to raise its forecast for total U.S. crude output growth to 870,000 bpd for next year, up from a ...
Crude Oil Futures Could Fall in the Next Few Sessions
WTI Crude Oil Elliott Wave Analysis
EIA Reports Major Draw In Crude Inventories
Oil prices up on lower US crude stocks, but growing output caps gains
It hit that level after the Forties pipeline in the North Sea, which carries significant amounts of crude used to underpin Brent crude futures, was shut down due to cracks. The International Energy Agency said it saw no immediate need to act, for ...
Brent crude oil zooms higher after a major European pipeline is shut
Brent Pipeline Closure Confuses Oil Markets
Brent Is Outperforming WTI Crude Oil
Mid-Afternoon Market Update: Crude Oil Down 1.5%; Proteostasis Therapeutics Shares Spike Higher
Toward the end of trading Tuesday, the Dow traded up 0.57 percent to 24,523.96 while the NASDAQ climbed 0.01 percent to 6,875.94. The S&P also rose, gaining 0.28 percent to 2,667.34. Leading and Lagging Sectors. Tuesday afternoon, the telecommunication ...
Crude Oil Market Dynamics Have Changed
The embargo lasted until March 1974. During that time, people sat in lines to gas up for hours, and filling stations often ran out of supplies. In the 1970s, OPEC was a ferocious tiger that caused many Americans to think about the concept of energy ...