A number of decisions are pending … that could drive the oil price in one direction or the other,” one analyst noted.
Brent crude has been hovering around $75 a barrel since the beginning of the month, likely due to pending policy decisions that could shift the price.
Front Month ICE Brent Crude for April delivery lost 31 cents per barrel, or 0.41% to $74.43 this week --Today it is down $2.05 or 2.68% --Largest one day dollar and percentage decline since Monday, ...
Oil prices settled higher on Thursday, marking a three-day streak of gains, after data showed gasoline and distillate ...
The Energy Information Administration at midday estimated U.S. commercial crude oil stocks rose by 4.6 million bbl in the week ended Friday. The agency also reported domestic distillate stocks fell ...
Today’s build in crude inventories is in line with seasonal trends and adds to the 4.1 million barrels that the EIA estimated for the week prior.
The American Petroleum Institute is due to release weekly data on inventories Thursday. Analysts surveyed by S&P Global Commodity Insights, on average, look for U.S. crude inventories to show a rise ...
If we look at Brent Crude from the technical standpoint we see that price action is slightly bullish and may be forming a ...
From a technical analysis standpoint, Brent has tapped into a key area just above the 77.00 price handle. There is an area of resistance resting above at 77.68 with the 200-day MA resting at 77.91.
Bangladesh is preparing to launch a second international tender for petroleum and natural gas exploration in 24 offshore blocks in the Bay of Bengal out of 26, following a disappointing first attempt.
“Should sanctions relief allow it, we believe Brent crude oil prices could drop between $5 and $10/bbl if Russian barrels ...