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Recap: The oil market posted an outside trading day as the market assessed the situation in Venezuela, whose crude exports have been under a U.S. embargo, and the potential impact […]
Recap: The oil market fell on the first day of trading in the new year after posting the largest annual loss since 2020 as traders continue to weigh oversupply concerns […]
Friday, January 2nd saw the front-month NYMEX Natural Gas contract open at $3.634, $0.052 below Wednesday’s closing price of $3.686. Following a material pullback during Wednesday’s session, prices fell to […]
Recap: The oil market posted an outside trading but continued to trade within last Friday’s trading range ahead of the New Year, as the market weighed the expectations of oversupply […]
Recap: The crude market continued to trade within Friday’s trading range and remained mostly supported as hopes for a Russia-Ukraine peace agreement fade and geopolitical tensions increase in the Middle […]
Recap: The oil market, which posted an inside trading day on Monday, retraced Friday’s sharp losses amid geopolitical tension in the Middle East, with Saudi airstrikes in Yemen causing concerns […]
With a frigid start to the winter season, many businesses are understandably concerned about how colder temperatures may impact their cost management in the months ahead. Winter weather has a […]
Recap: The oil market on Friday posted an outside trading session with thin volume trading following the Christmas Day holiday. The market weighed potential supply risks after the U.S. carried […]
Fundamental News: IIR Energy said U.S. oil refiners are expected to shut in about 145,000 bpd of capacity in the week ending December 26th, increasing available refining capacity by 41,000 bpd. […]
Recap: The crude oil market traded higher on Tuesday as the market weighed geopolitical risks and stronger than expected U.S. economic growth. The potential sales of Venezuelan crude seized by the […]