Tag Archives: EIA

In early Asian trading on Wednesday, oil prices experienced a decline, influenced by a strengthening dollar, which dampened investor sentiment, particularly following recent rallies that propelled both benchmark crude oils to multi-month highs over the past two sessions. Price Movements Brent crude futures for May delivery dipped by 19 cents, …

Oil prices maintained stability on Tuesday, hovering near four-month highs achieved after breaking out of range-bound trading last week. However, the specter of escalating exports from Russia, compounded by Ukrainian attacks on refineries, exerted downward pressure on prices. Price Movements The Brent crude oil futures contract for May delivery dipped …

Oil prices are rallying, reaching their highest point since last November. West Texas Intermediate (WTI), a leading indicator for American crude, surpassed the $82 per barrel mark for the first time in months.This surge is fueled by escalating concerns about a potential oil shortage. Despite record output from non-OPEC nations …

Oil benchmark Brent edged close to the $86 per barrel threshold on Monday, building upon gains from the previous week, as Ukraine intensified attacks on Russian energy infrastructure. Key Points: Brent Crude Performance: Brent crude oil futures for May delivery rose by 62 cents, or 0.7%, reaching $85.96 a barrel …

Oil prices continued their upward trajectory in early Asian trade on Monday, building on gains from the previous week driven by expectations of tightened supplies and heightened geopolitical tensions. Brent Crude Futures Climb, Extending Last Week’s Gains Brent crude futures for May delivery edged up three cents to $85.37 a …

In a week marked by market fluctuations, oil prices showcased remarkable resilience, driven by optimistic forecasts from the International Energy Agency (IEA) and unexpected shifts in U.S. inventory levels. IEA’s Optimistic Forecast Spurs Confidence The week began with a notable uptick in market sentiment following the IEA’s revision of its …

Oil prices climbed on Wednesday, driven by expectations of robust global demand, particularly from the United States, the world’s largest crude consumer. Sentiment was further boosted by hopes that the Federal Reserve might initiate interest rate cuts soon, despite challenges in curbing inflation in the United States. Demand-Driven Rally Expectations …

Oil prices fell slightly on Tuesday due to a higher-than-expected forecast for US crude oil production and bearish economic data. Brent futures for May delivery settled 29 cents, -0.34% lower, at $82.13 per barrel, while the April US West Texas Intermediate crude contract ended 15 cents, -0.21% lower, at $77.77 …

Amid persistent rumours on a Fed interest rate cut in May, growing geopolitical concerns, and some comments implying that the ECB is not in a haste to start reducing rates, shifting trends in risk appetite ruled the mood across traded assets.In the midst of further repricing of an interest rate …

The liquidation turmoil facing China’s real estate sector as well as the strong US dollar cause WTI oil to decline by more than 1.50%. Despite geopolitical unrest, worries about the state of the world economy and central bank policies have also caused oil prices to decline.In light of the uncertain …