Market Analysis
Oil Prices Fall After Saudi Price Cut, WTI Futures Down 3.4%
WTI futures fell over 3% on Monday after Saudi Arabia cut the selling price of its flagship Arab Light crude to Asia.
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Crude oil
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Crude oil
Market Analysis
Crude Oil Price Jumps Over 4% as Israel-Iran Tensions Escalate
Oil prices spiked on Thursday as escalating Middle East tensions, particularly between Israel and Iran.
Market Analysis
Oil Prices Drop as Increased US Supply Offsets OPEC+ Cuts
Oil prices failed to capitalize on recent production cuts as the market prices in unprecedented US exports.
Market Analysis
Crude Oil Falls Over 4% as OPEC+ Unexpectedly Delays Key Meeting
Crude oil prices fell more than 4% on Wednesday after OPEC+ producers postponed their ministerial meeting for November 30.
Market Analysis
Oil Prices Gain as Russia and Saudi Arabia Continue Supply Cut, Other Factors
Crude oil futures advanced on Monday after Russia and Saudi Arabia said they plan to stick to supply cuts until the end of 2023.
Market Analysis
Crude Oil Set for Another Weekly Gain as Morgan Stanley Raises Forecast
Crude oil is on track to record 11th weekly gain in the past 13 weeks as Morgan Stanley hiked price forecast for 2023 and 2024.
Market Analysis
Crude Oil Likely to Hit $100 a Barrel Amid Supply Constraints
Oil prices are likely to hit $100 a barrel, Chevron CEO predicted, amid worsening supply constraints.
Market Analysis
Oil Prices Fall as China Cuts Policy Rates by 10 BPS
Crude oil prices plunged to their lowest level in several months after China released weaker-than-expected economic data and announced an unexpected interest rate cut.
Market Analysis
Crude Oil Up Nearly 5% as Biden Fails Convincing OPEC+ to Pump More
Oil prices are up almost 5% after the U.S. President Joe Biden returned from the summit with Saudi Arabia without securing a oil supply increase.
Personal Finance
Sri Lanka Closes Oil Refinery Due To Forex Shortage, Not COP26 Related
The shortage of dollars has compelled Sri Lanka to close its only oil refinement facility for a 50 day period.
Market Analysis
Crude Oil Demand Rising Due to Energy Crisis and Expected Cold Winter
Crude oil prices could be set to rise as demand grows from the gas and coal shortages being seen in Europe and China.