Are Oil Oversupply Concerns Letting Up?
The futures spread at a premium could encourage US oil producers (XOP)(DRIP)(IEO) to engineer different risk management techniques compared to if the futures spread were at a discount. For hedging their output, US crude oil producers follow US crude ...
How Could Next Week's OPEC Meeting Drive Crude Oil Futures?
WTI (West Texas Intermediate) crude oil futures (DBO) for January delivery fell 0.22% to $57.89 per barrel, whereas E-mini S&P 500 (SPY) futures for December delivery rose 0.01% to 2,594.75. WTI crude oil prices are at a multiyear high. Higher oil ...
Oil dips after US crude hits near two-year high on pipeline shutdown
Oil Jumps in New York as US Supply Drop Adds to OPEC Optimism
Oil Futures End Mixed; WTI Rallies
COLUMN-WTI flips into big backwardation after pipeline spill: Kemp
LONDON, Nov 23 (Reuters) - U.S. crude futures prices have swung into substantial backwardation after a spillage on the Keystone pipeline severely reduced crude deliveries from Canada into the U.S. Midwest. U.S. crude futures, also known as West Texas ...
Oil Prices Can't Find Direction
Oil-directed rigs are up 9 to 738 since November 3. EIA has U.S. crude production averaging 9.95 million b/d next year, which would be an all time record. Lower prices made the shale industry cut costs and improve well efficiency. With crude futures up ...
Keystone pipeline spill sends oil prices higher
The discount of WTI to Brent, the global oil benchmark, also narrowed. Brent was up 1 per cent to $63.19 a barrel. Weekly US oil data released on Wednesday had yet to show the effects of the spill, with imports from Canada registering a healthy pace of ...
Gold Prices Rally As US Dollar Index Slumps
There has been a strong inverse relationship between gold and the U.S. dollar index in recent weeks—stronger than it has been in a long time. Some of this strong inverse relationship is due to the fact there has not been any major, fresh fundamental ...
Gold Gets Modest Lift From Bullish Outside Markets
Meantime, Nymex crude oil futures prices are solidly higher and are trading just below $58.00 a barrel. Oil bulls still have the overall near-term technical advantage, but stiff chart resistance layers lie just above the market. Traders are looking ...
Crude Oil Runs Into Resistance
While renewable energy is the way of the future, it is still crude oil that powers the world these days. Oil is an energy commodity, but at the same time, it can be a political hot potato. With more than half the world's reserves located in the Middle ...
Lower Costs, Shale Growth And Demand Doubts Will Keep Oil Futures In Check
Crude Oil Market: What Do Short Sellers Think?
Crude Oil Price Analysis
A lightning fast rally in oil prices is reversing. Here's why
"All that got fed into prices last week and nothing is happening," said John Kilduff, founding partner at energy hedge fund Again Capital. "The risk premium gods giveth and they taketh away," he told CNBC. The rally in U.S. crude futures stalled just ...
US Crude Oil Futures and Wall Street Traded Lower
Oil prices hit by profit-taking after funds build record bullish position: Kemp
Crude oil: Near-term dip possible, but limited
Oil Futures Spiking Higher: Real Trend Or Another False Rally?
The December CME futures contract for WTI crude oil has rallied 11.7% from October 11, 2017 through November 6, 2017, and 25.3% since June 2017. The futures curve currently shows a front end spike higher holding through May 2018, before falling back ...