Oil Prices Fall Back Despite Bullish Predictions
Bullish predictions from major investment banks sent oil prices soaring this week, but a surprise inventory build and profit -taking killed the rally
Source: oilprice.com
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Drone Attacks And Invasion Fears Send Oil Prices Soaring
The geopolitical risk premium is soaring as fears of Russia invading Ukraine combine with recent reports of a Houthi drone attack on the UAE
Source: oilprice.com
China's Attempt To Kill The Oil Rally Is Bound To Fail
A combination of bullish factors means that oil markets largely shrugged off the recent announcement by China that it will release oil from its SPR
Source: oilprice.com
Oil Bulls Begin The Year With A Bang
Bullish sentiment appears to have taken over oil markets in 2022 as demand continues to exceed expectations and inventories begin to drain
Source: oilprice.com
Geopolitics And Production Problems Push Oil Prices Higher
The unrest in Kazakhstan and rising tensions in Libya combined with production problems in Canada and Russia to push oil prices up this week
Source: oilprice.com