"Oil can keep ascending only for so long, purely based on perceptions and not actual supply disruption," Tamas Varga, an analyst at oil broker PVM, said in a Tuesday note. Oil prices have surged more than 7% through Tuesday's close sinceIran fired roughly 180 ballistic missilesat Israel la...
Furthermore, the degree to which other oil producers respond to current oil prices, as well as the effects macroeconomic developments might have on global oil demand, will be important for oil price formation in the coming months, the report added. However, the rising consumption going into the...
Crude-Oil Prices Fall on Worries of Glut.Surveys the condition of commodity futures market in the United States as of December 4, 2000. Decline of crude-oil futures; Prices of platinum at the New York Mercantile Exchange; Copper futures price.Wall Street Journal - Eastern Edition...
Chinese oil demand is particularly weak, with consumption dropping by 500,000 bpd in August, the fourth monthly decline in a row, according to an IEA report published Tuesday. Meanwhile, crude production in the Americas, led by the U.S., is poised to grow by 1.5 million bpd this year an...
The oil industry is driven by booms and busts. Prices typically rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true, and supply exceeds demand. Meanwhile, oil supply and demand are driven by a number of key factors: ...
Oil prices fell on Tuesday under pressure as the U.S. dollar appreciated in anticipation of another big rate hike by the Federal Reserve.The West Texas Intermediate for October delivery decreased 1.28 U.S. dollars, or 1.5 percent, to settle at 84.45 dollars a barrel on the New York ...
The decline in oil futures prices pressured oil and gas stocks. Shares of exploration and production company APA Corp. (APA) tumbled 4.5%, suffering the biggest decline of any stock in the S&P 500. APA's peers also lost ground—Diamondback Energy (FANG) shares dropped 3.4%. ...
It seems puzzling at first, but oil stocks were advancing early Wednesday even as crude oil prices were falling. Usually lower oil prices hurt shares of the companies that specialize in selling it, but not this ...
She believes CPO prices could trade in the range of 5,500 ringgit to 6,500 ringgit (1,246 U.S. dollars to 1,472 U.S. dollars) per tonne in June due to the uncertain export supply of sunflower oil from Ukraine and lower-than-usual palm oil export supply from Indonesia, as the Ind...
The market is worried that China's measures to curb inflation and control liquidity will slow down economic growth, thereby affecting international crude oil demand, and crude oil prices should fall. In addition, the United States released data on the same day, December this year. ...