IEA Says U.S. Oil Output to Exceed Imports for the First Time in 18 Years
Reuters reported that the U.S. Energy Information Administration said the country’s oil production is set to exceed imports since 1995. Currently, the United States oil output has surged to over...
View ArticleBrent Crude Oil Set for 2nd Weekly Decline, Shrinks Premium to WTI
Bloomberg reported that Brent crude is set for a second weekly drop, shrinking its premium to West Texas Intermediate to the lowest level in eight months on concerns that Europe’s efforts to resolve...
View ArticleBrent Oil Reaches Lowest Level in 9 Months on Slowing Economic Growth
Bloomberg reported that Brent crude fell below $100 a barrel, its lowest since July, as signs of weak economic growth have lowered demand.Continue reading...
View ArticleCrude Options Volatility Slumps as Underlying Futures Rally on Japan Stimulus...
Bloomberg reported that US crude options volatility slumped as futures rallied to highest in a week on speculation that Japan’s stimulus program has been approved, which in turn, will boost fuel demand...
View ArticleTexas Crude Oil Inventories Swell
Bloomberg reported today that Houston and the US Gulf Coast now contain 202 million barrels of crude oil, according to Energy Information Administration data.Continue reading...
View ArticleTSX Surges as Oil Prices Stabilize
The Toronto Stock Exchange gained 158.42 points as oil prices climbed nearly $2 to fight back against three year lows seen yesterday.Continue reading...
View ArticleOil Sees Biggest Rise in Two Years as Market Continues Reaction to OPEC...
The price of West Texas Intermediate crude had its biggest rise in two years as both it and Brent Crude oil jumped after dismal monthly losses in November.Continue reading...
View ArticleSaudi Arabia Expects Oil Stabilization at $60 a Barrel
Saudi Arabia has spread that it expects oil to drop to $60 a barrel, prompting a further drop in oil prices on Thursday.Continue reading...
View ArticleOil Slides as U.S. Supplies Hit Two-Month High
The price of oil slid on Wednesday on the back of a government report showed U.S. crude inventories had increased the most in two months.Continue reading...
View ArticleOil Nears Six-Year Low with US Crude and Brent Hitting Brief Parity
Oil stumbled to a near six-year low on Tuesday while U.S. crude and brent oil reached brief parity as the glut in oil continues unabated.Continue reading...
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