Oil Posts Second Straight Weekly Loss As Mixed Messages Emerge From Russia/Ukraine Talks
An under-performing OPEC also worried crude traders.
Source: shipandbunker.com
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Energy stocks slump with oil prices; IEA warns of 'emergency situation' (NYSEARCA:XLE)
Energy (XLE) was the only sector decliner as the broader stock market racked up its best week since November 2020, while crude oil posted its first back-to-back weekly decline...
Source: seekingalpha.com
Crude oil posts second weekly decline amid volatility
Oil posted its first back-to-back weekly decline since December last year as intense volatility and geopolitical risks continued to upend markets. Futures in New York fell 4.2 percent for the five-day period to settle at US$104.70 after swinging by more than US$16 a barrel throughout the week. West Texas Intermediate crude oil for April delivery on Friday rose US$1.72 to US$104.70 a barrel on Friday, falling 4.23 percent from a week earlier. Brent crude for May delivery on Friday rose US$1.29 to US$107.93 a barrel, down 4.2 percent weekly. The price gyrations have followed rapid developments ...
Source: taipeitimes.com
Oil Rebounded to End Week as Ukraine Peace Hopes Faded
IEA is signaling a crisis in oil markets.
Source: rigzone.com
Oil Falls Again on Mounting Risks
Geopolitical factors are driving crude volatility; however, increased supply risks are beginning to add weight to price structures.
Source: rigzone.com