A selloff that’s sent the U.S. crude diving below $100 a barrel this week has already gone too far, according to analysts at Goldman Sachs. West Texas Intermediate crude CL.1, Read more
Tag: Brent Crude Oil Continuous Contract
U.S. oil benchmark ticks back above $100 a barrel after Tuesday rout
Oil futures edged higher Wednesday as supply worries moved back into focus after a rout in the previous session that drove the U.S. crude benchmark below the $100-a-barrel threshold for Read more
Recession worries pull U.S. oil prices below $100, but ‘bleak’ supply picture suggests a bargain
Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100-a-barrel mark on Tuesday for the Read more
Opinion: Until there’s a viable and investible path to a green-energy future, oil shocks will keep battering our economy and our politics
CAMBRIDGE, Mass. (Project Syndicate)— Over the past 2½ years, world oil and gas prices have been subject to demand shocks and supply shocks—and sometimes both simultaneously. The resulting volatility in Read more
Oil lower as dollar soars, investors weigh recessionary fears
Oil futures traded lower Tuesday, under pressure as concerns over the global economic outlook spurred uncertainty about the demand outlook for crude and as the U.S. dollar surged versus other Read more
Energy leads commodities surge with oil up roughly 50% in first half of 2022
Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has Read more
Oil lower on rising gasoline, distillate supplies
Oil futures traded lower early Thursday as investors focused on storage data released a day earlier showing a rise in inventories of gasoline and distillates. Price action West Texas Intermediate Read more
Don’t expect any surprises from OPEC+, even as recession worries weigh on oil prices
Oil is among the biggest commodity gainers of the year as global supplies remain tight, but the potential for a recession threatens demand as major producers prepare to make another decision Read more
Oil prices trade higher as U.S. supplies fall by more than 3 million barrels in two weeks
Oil futures traded higher on Wednesday, with concerns about tight supplies fed by data from the Energy Information Administration, which revealed that U.S. crude supplies fell by more than three Read more