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Oil Price - Firmer oil prices expected as demand builds and supply curbs persist: Reuters poll
Oil prices will gain some momentum this year as demand picks up and output curbs by the OPEC+ producer group continue to squeeze supply that is already being pressured by military conflicts, a Reuters ...
Oil Price Analysis: Consolidating within a short-term uptrend
WTI Oil price (OIL) is trading within an ascending channel whose rising peaks and troughs indicate the commodity is in a short-term uptrend. Given the old adage that “the trend is your friend till the ...
Oil Prices Set to Post a Strong Quarterly Gain
Oil prices are on track to post a strong gain this quarter, rallying by 14% since the start of the year thanks to OPEC+ cuts, geopolitical uncertainty, and hopes of an interest rate cut.
Oil prices tick higher amid supply concerns
OPEC had agreed to extend output cuts of about 2.2 million bpd to the end of June, contributing to the high global oil prices.
The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR
The latest crude oil purchase that the Department of Energy made as part of its effort to refill the SPR cost an average of over $81 per barrel.