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The Biden administration has purchased oil for the Strategic Petroleum Reserve (SPR) for the last time, the US Department of Energy reported on Friday, Commerzbank's commodity analyst Carsten Fritsch notes.

Created : 2024.11.12 23:22

Last updated : 2024.11.12

Oil prices have been under pressure since the end of last week.

Created : 2024.11.12 23:14

Last updated : 2024.11.12

Crude Oil trades broadly in the green on Tuesday after briefly ticking below $68.00, trying to recover from two consecutive sessions of sharp losses. The Organization of the Petroleum Exporting Countries (OPEC) report released on Tuesday spelled out the

Created : 2024.11.12 21:51

Last updated : 2024.11.12

USD/CAD extends its winning streak for the third consecutive day, trading around 1.3950 during the European session on Tuesday.

Created : 2024.11.12 16:39

Last updated : 2024.11.12

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.00 on Tuesday.

Created : 2024.11.12 09:04

Last updated : 2024.11.12

MidEast risk appears substantially underpriced. Traders have concluded that this chapter in the Middle Eastern conflict has concluded, resulting in a sharp erosion of the supply risk premia baked into energy markets, TDS' Senior Commodity Strategist Daniel Ghali notes.

Created : 2024.11.11 23:44

Last updated : 2024.11.11

Crude Oil slides by more than 1% on Monday, piling on Friday's losses and within touching distance of a seven-day low, ahead of the publication of the monthly OPEC report on Tuesday.

Created : 2024.11.11 20:30

Last updated : 2024.11.11

USD/CAD seems to extend its gains as US Dollar (USD) appreciates as traders anticipate a less dovish stance from the Federal Reserve (Fed), as Donald Trump is likely to pursue his campaign promises to enact substantial tariffs, including a 10% increase on imports and a reduction in corporate taxes.

Created : 2024.11.11 13:24

Last updated : 2024.11.11

West Texas Intermediate (WTI) Oil price continues to decline for the second consecutive day, trading around $69.90 per barrel during the Asian hours on Monday.

Created : 2024.11.11 12:32

Last updated : 2024.11.11

China imported less crude oil in October as well. According to customs data, crude oil imports fell by 9% year-on-year to 44.7 million tons, or 10.5 million barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.

Created : 2024.11.08 23:38

Last updated : 2024.11.08

Saudi Arabia, the world's largest oil exporter, cut its official selling prices (OSPs) for oil deliveries to Asia in December, indicating weaker oil demand, Commerzbank's commodity analyst Barbara Lambrecht notes.

Created : 2024.11.08 22:00

Last updated : 2024.11.08

Crude Oil dips slightly on Friday but remains within the tight range it has been trading in the past four days. The market euphoria following President-elect Donald Trump's victory appears to be fading as energy markets shift their focus to China, where the

Created : 2024.11.08 21:37

Last updated : 2024.11.08

West Texas Intermediate (WTI) Oil price steadies around $71.50 per barrel during the Asian session on Friday, positioning for a weekly gain of over 3%.

Created : 2024.11.08 11:57

Last updated : 2024.11.08

Crude Oil dips for a second day in a row on Thursday as commodity traders assess the impact of the Trump trade on Oil prices in the long term. US President-elect Donald Trump has vowed to boost shale Oil production in the US, which would add more

Created : 2024.11.07 20:35

Last updated : 2024.11.07

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $71.40 per barrel during the early European hours on Thursday.

Created : 2024.11.07 17:15

Last updated : 2024.11.07

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.45 on Thursday.

Created : 2024.11.07 10:25

Last updated : 2024.11.07

Crude Oil slides lower and drops nearly 3% on Wednesday following the US presidential election outcome, which fell in favor of former President Donald Trump. One of Trump's promises in the campaign running up to the election was to support and

Created : 2024.11.06 22:46

Last updated : 2024.11.06

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.35 on Wednesday.

Created : 2024.11.06 10:42

Last updated : 2024.11.06

According to a Reuters survey, oil production in Iraq fell to just under 4 million barrels per day in October, thus meeting the requirements of the OPEC+ agreement without taking the promised compensatory cuts into account.

Created : 2024.11.05 20:39

Last updated : 2024.11.05

The OPEC Secretariat announced over the weekend that the voluntary production cuts of eight OPEC+ countries would be maintained in full until the end of the year.

Created : 2024.11.05 20:34

Last updated : 2024.11.05