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Will Crude Hit $120 Again? | OilPrice.com - Vimarsana News

Will Crude Hit $120 Again? | OilPrice.com

A number of bullish factors could push oil prices higher in the next few weeks, but uncertainty surrounding an EU ban or tariff on Russian crude could keep prices down

Fundamental Forces Clash In Turbulent Oil Market - Vimarsana News

Fundamental Forces Clash In Turbulent Oil Market

As the EU continues to talk about a possible embargo on Russian crude, several agencies have lowered demand growth forecasts for 2022 as they signal an increasingly difficult macro-economic environment

Oil Prices Underpinned By Supply Jitters - Vimarsana News

Oil Prices Underpinned By Supply Jitters

Crude oil prices are up this week due primarily to the release of the European Union’s plans for new sanctions against Russia

Largest Ever Petroleum Reserve Release Forces Oil Lower - Vimarsana News

Largest Ever Petroleum Reserve Release Forces Oil Lower

While the massive SPR release as announced by U.S. President Biden will have short-term bearish effect, the supply situation in global crude markets remains tight

Oil Rally Undeterred By Bearish News - Vimarsana News

Oil Rally Undeterred By Bearish News

A number of bearish factors piled up this week in oil markets, but the longer-term bias remains bullish, and the risk for crude remains skewed to the upside