Bank trims Brent price estimate to $75 for the fourth quarter. Citigroup says the crude market looks oversupplied next year. Tweet on Brent Crude price forecast Morgan Stanley reduced its Brent crude priceRead More
A flurry of activity on a new front in the battle between Israel and Hamas boosted oil prices Monday morning. Tweet on Oil prices A flurry of activity on a new front inRead More
Oil prices are widely forecast to rise in the second half of the year, based on expectations for growing demand. However, Morgan Stanley notes that supply growth has also been “remarkably robust.” TweetRead More
China reopening sends oil prices sky-high! Oil prices gained Wednesday, after the International Energy Agency said China’s reopening would send demand soaring. Tweet on Oil prices by WSJ Oil Demand to Hit RecordRead More
Russia’s current account surplus hit a record high in 2022, the central bank said! As a fall in imports and robust oil and gas exports kept foreign money flowing in despite Western effortsRead More
Current crisis is reshaping the crude oil market! India’s imports of Russian oil hit a record this month, driven by a deeper discount on the country’s crude! Tweet on Crude Oil market inRead More
Traders that pursue trend-following strategies are shorting WTI crude oil futures! The negative sentiment has been to an extent they haven’t seen in more than two years, according to a report from TDRead More
