Traders Turn Bearish on U.S. Oil
Traders are selling West Texas Intermediate futures in anticipation of further strong production growth
Source: oilprice.com
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In flat oil market, hedge funds focus on relative risks
Portfolio investors anticipate petroleum prices will remain range bound in the short term so positioning is increasingly focused on expected changes in relative performance among the major crude and fuels contracts.
Source: thestar.com.my
Oil settles down on more supply in US, abroad
Oil prices settled lower on Tuesday as traders focused on rebounding crude output in parts of the US, along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East.
Source: thestar.com.my
Opinion: Strong El Nino, shaky OPEC are among 5 big hurdles for the energy sector in 2024
From crude to biofuels, from the U.S. to Asia, here's what to watch for -- and watch out for.
Source: marketwatch.com
WTI Oil Soars Nearly 2.6% as Geopolitics Overtakes Fundamentals
West Texas Intermediate (WTI) climbed over 2.3% on Wednesday as rising tensions in two conflict zones outweighed supply and demand fundamentals that should have put downward pressure on crude prices
Source: oilprice.com