Tag: U.S. Crude

Energy, Industries

Oil prices rise on surprise drop in U.S. crude, fuel stocks

September 28, 2022


Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, outweighing downward pressure from the continued strength in the U.S. dollar. Brent crude futures were up $2.33, or 2.7%, at $88.60 per barrel by 11:05 a.m. […]

Finance Tech, Trading

Hong Kong, Shanghai shares sink as virus trumps strong data

March 15, 2022

Via: ABC News

Stocks are ticking higher on Wall Street Tuesday as inflation worries ebb a bit and oil prices slide. The S&P 500 was 0.4% higher in early trading after a report showed inflation’s rapid acceleration took a pause at the wholesale […]

Energy, Industries

Oil forward curves signal tight market, supporting price rally

January 31, 2022


The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring, suggesting the current price rally has further to […]

Energy, Finance Tech, Industries, Trading

Oil market bulls are wrong to forecast a pick-up in prices — and here’s why

October 12, 2017


Oil prices are unlikely to reach $60 per barrel anytime soon as hawkish forecasters continue to ignore the “elephant in the room”, a senior economist told CNBC Wednesday. Daniel Lacalle, chief economist and investment officer at Tressis Gestion, said: “The […]

Energy, Industries

China Has Replaced Canada as the Top Buyer of U.S. Crude

April 5, 2017

Via: Fortune

China has replaced Canada as the United States’ top crude oil buyer. More than eight million barrels of U.S. light crude made its way to China in February—nearly four times its January imports, according to U.S. Census Bureau data. Canada, […]