Page 15 - Ben Luckock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Bloomberg |Monday, February 22, 2021 Trafigura Group sees oil markets firming in the coming months. Bloomberg) -- Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S. deep freeze add to a tighter supply outlook. “We have a strong market going into summer,” Ben Luckock, co-head of oil trading at the commodities trading giant, said in a Bloomberg Television interview. “We’re certainly very bullish most of the world in getting out of lockdowns this summer. So this market has been given an ...

Rolling positions along the commodities futures curve offers passive investors tempting returns

Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.

Oil Falls After Industry Report Shows Surprise U.S. Supply Rise Bloomberg 2/23/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap. The industry-funded American Petroleum Institute was said to report a 1.03 million-barrel build in domestic oil inventories, compared to expectations for a decline. At the same time, U.S. drillers have already restored about 80% of crude production in parts of Texas following the ...

Oil Falls After Industry Report Shows Surprise U.S. Supply Rise Bloomberg 2/23/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap. The industry-funded American Petroleum Institute was said to report a 1.03 million-barrel build in domestic oil inventories, compared to expectations for a decline. At the same time, U.S. drillers have already restored about 80% of crude production in parts of Texas following the ...