AAA: Increasingly volatile gas market has potential to top year's recorded high
The anticipated volatility is due to refiners continuing to run record levels of crude oil, which is creating high levels of gasoline and diesel. In addition, the summer season's strong demand is expected to stay on pace and may even set a new record ...
Crude oil forecast for the week of July 24, 2017, Technical Analysis
The WTI Crude Oil market initially tried to rally during the week, but found enough resistance near the $47.50 level to turn around and form a shooting star. The shooting star is a negative sign, and I believe that we are going to fall from here. In ...
US crude tumbles 2.5%, settling below $46, after report of rising OPEC oil output
Oil ends at more than 1-week low with OPEC output expected to rise
Oil falls after a report sees OPEC still flooding the market
South China Morning Post
China aims for pricing power in launching crude oil futures
South China Morning Post
Industry officials in China contended that global oil giants would not necessarily need to play crude oil futures on the mainland market amid difficulties arising from logistics, currency control and the lack of experience in the country's roller-coast ...
Hedge funds boost bullish bets on US crude for third straight week
Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts
The Market Oracle
Major moves in oil, gold and other commodities have offered up huge opportunities for traders in 2017. Our friends at Elliott Wave International have kept our subscribers ahead of many big commodity moves.
Mid-Day Market Update: Crude Oil Down 1.6%; Plug Power Shares Spike Higher
Midway through trading Friday, the Dow traded down 0.41 percent to 21,523.72 while the NASDAQ declined 0.30 percent to 6,371.09. The S&P also fell, dropping 0.30 percent to 2,466.09. Leading and Lagging Sectors. Telecommunications services shares ...
Nigeria to explore African market for crude oil sale, says Kachikwu
The Minister of State for Petroleum, Dr. Ibe Kachikwu has announced that Nigeria would explore the possibility of selling crude oil to African markets. He spoke in Abuja yesterday at the 2017 edition of the Sustainability in the Extractive Industries ...
Oil closes at 6-week high as US inventories fall
“The better-than-expected inventory results means that Brent [crude] is staring at $50,” Adrienne Murphy, chief market analyst at AvaTrade, told MarketWatch. Even so “the oil market is particularly sensitive to bearish news right now [and] less ...
Oil rises 1.6% to 6-week high, closing at $47.12, after big drop in US crude, gas stockpiles
Oil steady after big drop in US fuel stocks, but markets remain bloated
Is the Crude Oil Market Preparing for a Large Sell-Off?
Mid-Day Market Update: Crude Oil Up Over 1%; Cyclacel Pharma Shares Plummet
Energy shares climbed by 0.59 percent in the US market on Wednesday. Top gainers in the sector included PrimeEnergy Corporation (NASDAQ: PNRG), and JinkoSolar Holding Co., Ltd. (NYSE: JKS). In trading on Wednesday, telecommunications services ...
Kuwait: Oil Market To Balance By March, No Deeper Cuts Needed
Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC's cuts expire at the end of March next year, and the cartel does not need to further cut output for the time being, Kuwait ...
Bear market in crude oil
Oil is technically back in bear market territory. US light sweet crude fell 22 percent to $43.01 per barrel last week from a high of $55.24 per barrel at the start of the year. The inability of oil prices to go past $55 per barrel and its recent ...
Crude Oil Collapses into Bear Market Territory
Crude oil prices inch higher, but market doubts persist
Can Opec pull crude oil market out of the rut? Investors are not so sure