Bearish Oil Fundamentals Could Override Bullish Geopolitics
Geopolitics are unlikely to worsen and weak fundamentals will pressure oil prices this year.
Source: forbes.com
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Top News In Wti Today - Breaking & Trending Today
Deep freeze hits US oil industry from North Dakota to Texas
A severe winter storm shut a US Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.
Source: timeslive.co.za
Asian shares steady amid rising tension in Red Sea region
Chinese inflation data shows economic recovery remained weak in December
Source: businesslive.co.za
WTI soars to near $74.50 as supply concerns deepen after US airstrikes on Houthi group
West Texas Intermediate (WTI), futures on NYMEX, has climbed strongly to near $74.50 as investors worry about deepening oil supply concerns due to mounting tensions for merchant vessels through Red Sea.
Source: fxstreet.com
Oil Climbs Higher on Signs of U.S. Inventory Draw
Crude oil prices extended their gains from Tuesday after the American Petroleum Institute reported an estimated inventory draw of over 5 million barrels that observers had not expected.
Source: oilprice.com