Fed Action Caps Crude Prices | OilPrice.com
The Federal Bank’s decision to keep hiking interest rates has capped interest prices, and a stronger dollar continues to be a negative impact for international oil markets
Source: oilprice.com
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Record U.S. Crude Exports Push Oil Prices Higher
Oil markets are back in bullish territory, and a weaker dollar in combination with record U.S. crude exports is fueling prices
Source: oilprice.com
3 Factors That Could Drive Oil Prices Higher
Bullish traders are focusing once again on tighter supply as a result of the EU ban on Russian crude and OPEC+ output cuts, and now the demand side also got a bullish nudge as China’s demand looks stronger than expected
Source: oilprice.com
A Sustained Oil Rally Seems Unlikely Amid Rampant Inflation
Stubbornly high inflation continues to pressure the Fed to hike interest rates even further, but lower supply from OPEC+ and dwindling diesel inventories could make for tighter supply in oil markets
Source: oilprice.com
Does The OPEC+ Oil Price Rally Have Legs?
WTI crude prices rallied back towards $90 as a result of the OPEC+ output cut, but prices may pull back as the Biden Administration is dead-set on bringing crude prices back to more palatable levels ahead of the Mid-terms
Source: oilprice.com