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WTI crude slid over 2% after the IEA warned that high prices will trigger the largest drop in oil demand since the pandemic. Meanwhile, US CPI data raised odds for a Federal Reserve rate hike, while …
Brent crude surged 1.31% to 97.05 USD per barrel, extending its four-week rally to 10.63% and marking a 46.99% gain over the past year amidst strong bullish momentum.
Crude oil edged lower to $90 per barrel on Friday but surged nearly 9% on the week amid escalating US-Iran conflict and Strait of Hormuz shipping threats. While geopolitical supply disruption fears b…
Crude oil held above $90 per barrel amid escalating Middle East tensions and US strikes near the Strait of Hormuz. Support was further bolstered by official US data showing a sharp 4.5 million barrel…
Global diesel and refined product markets remain tight, particularly in the Atlantic Basin. With U.S. refineries running near maximum capacity and limited spare buffer, the market faces heightened su…
Crude Oil (WTI) climbed 2.46% to 87.73 USD/Bbl, extending its four-week gain to 9.07% and twelve-month rise to 33.6% on strong bullish momentum.
Two veteran fund managers known for successful contrarian commodity calls project that an oil price spike is approaching, prompting them to position portfolios for higher crude prices.