Iraq plans to shift Basra crude price benchmark to DME from Platts
SINGAPORE/DUBAI, Aug 21 (Reuters) - Iraq'sOil Marketing Company (SOMO) has informed its customers that it planned to change its price benchmark for Basra crude in Asia to DME Oman futures from the average of Platts' Oman-Dubai prices with effect from ...
Brent Oil Steals the Show as Hedge Funds Leave US Crude Aside
Hedge funds decreased their WTI net-long position -- the difference between bets on a price increase and wagers on a drop -- by 2 percent to 274,441 futures and options in the week ended Aug. 15, data from the U.S. Commodity Futures Trading Commission ...
Oil steady as market conditions tighten despite rising US output
Oil Price Fundamental Daily Forecast – Rebalance May Be Under Way
Oil Confounds Hitting 4-Week High
Oil prices can fall below $40 due to global supply glut
Speculators continue to sell crude oil futures in the financial pits of London, New York, Chicago and Singapore - and Brent crude once again falls to $40 a barrel. The velocity of US shale oil production is simply beyond the control of the Opec, which ...
OPEC caught in limbo as options to change status quo limited
Oil Prices Boosted By String Of Bullish News
That is, with more supplies coming online from various sources, the LNG market is increasingly similar to that of crude oil, with the disparities in regional prices narrowing. Brent moves into backwardation. For the first time in years, the Brent ...
Oil ends sharply higher, with US prices down a third week in a row
“This is a monster refinery—the second largest oil refinery in the United States,” said Phil Flynn, senior market analyst at Price Futures Group, adding that it has a capacity of 584,000 barrels a day. “The loss [according to the unconfirmed reports ...
Gold Up, Pushes Above $1300, On Safe-Haven Buying
(Kitco News) - Gold prices are higher, scored a 2.5-month high and moved above the psychologically important $1,300.00 level Friday. This week the gold market bulls have regained their groove. Safe-haven demand amid a terror attack in Spain and ...
Four Reasons Why Crude Oil Could Head For A New High In 2017- The Calculus Of Crude
Projecting the future price of crude oil is a complex science. There are so many variables that include supply and demand fundamentals, technical factors, economics, politics, and others that all combine in a complicated equation when it comes to the ...
Oil prices end higher after three-session streak of declines
Goodbye contango? Oil's long march toward backwardation: Kemp
Crude Market Shows Enduring Strength Beyond Seasonal Peak
Oil & Gas Financial Journal
Forecasting crude oil futures
Oil & Gas Financial Journal
It relies on movements in crude oil futures curves to assess the probability of eventual spot price changes. In turn, the futures price curve represents market participants' consensus reached with all presently available market analysis instruments.
Oil Futures Point To Higher Oil Prices
That is because the contango provided an incentive to store oil. A trader could purchase crude, pay for storage, and sell at a later date at a higher price. But with the contango nearly gone, the cost of storage would make the trade uneconomical ...
Oil prices rise on inventory drop amid geopolitical tensions
Oil price gains ground as US reserves drop
Crude Oil Price Analysis for August 14, 2017
Crude oil just had its best week this year, yet analysts see little hope for further gains
U.S. oil prices surged toward the key $50-a-barrel level this week, but the rally likely has little gas left in the tank, analysts say. West Texas Intermediate crude futures tacked on about $4 a barrel, or 8.6 percent, this week to $49.71 for their ...
Crude Oil Futures - Weekly Outlook: July 31-August 4
Oil ends 6-day win streak on renewed glut fears
Will Crude Oil Inventories Pressure Oil Futures?