Oil futures fell sharply early Tuesday, with the U.S. benchmark slipping back below $100 a barrel, hampered by a strong dollar and continued worries over COVID-19 restrictions in China. Price Read more
Tag: CLQ22
OPEC leaves 2022 forecast for oil-demand growth unchanged at 3.4 million barrels a day
The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for growth in world oil demand unchanged at 3.4 million barrels a day (mb/d) in 2022, with total Read more
Why Biden’s trip to the Middle East may do little to help ease tight oil supplies
President Joe Biden is headed to the Middle East this week and the pressure is on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for Read more
Oil prices sink as China tightens COVID-19 restrictions
Oil futures slumped Monday after China imposed curbs on activity in an effort to squelch a rise in COVID-19 cases. Also, U.S. President Joe Biden was scheduled to visit Saudi Read more
Commodity price declines may shape Fed’s rate-hike path, says economist
A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics. Read more
Oil steady but heads for weekly losses as recession fears swirl
Oil futures were flat to slightly higher Friday, but on track for weekly losses as fears of recession outweighed tight global supplies of crude. Price action West Texas Intermediate crude Read more
Why the U.S. exports oil when we need it here at home
U.S. drivers had high hopes that the historic release of oil from the nation’s Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at Read more
Oil steadies after 2-day rout pushes U.S. crude into bear market below $100 a barrel
Oil futures steadied Thursday after a two-day rout fueled by recession fears that sent the U.S. benchmark below $100 a barrel and into a bear market. Price action West Texas Read more
Oil steadies after 2-day rout pushes U.S. crude into bear market below $100 a barrel
Oil futures steadied Thursday after a two-day rout fueled by recession fears that sent the U.S. benchmark below $100 a barrel and into a bear market. Price action Market drivers Read more
Oil selloff overshoots, says Goldman, as U.S. crude extends dive below $100 a barrel
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