Analysts at JP Morgan prefer Shell PLC (LSE:SHEL, NYSE:SHEL) over BP PLC (LSE:BP.) whilst seeing upside for both of London's oil majors, with crude prices tipped to head back toward $90 per barrel in

Shitole: Expect Increased Oil volatility

03:10am, Friday, 21'st Jun 2024
Amol Shitole, Mashreq Capital, Head of Fixed Income expects oil volatility to increase due to geopolitics and OPEC+ supply. He also discusses Saudi oil and non-oil revenue, and the MENA sovereign and
Oil prices have surged to a seven-week high, bolstered by a 2.3 million barrel drop in gasoline inventories.
Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower.
Crude oil approaches critical resistance at 82.26, with potential for continued rally or consolidation, signaling an increase in market volatility.
The Investment Committee debate the energy sector as oil hits $80 a barrel.
Oil markets are swinging between gains and losses as some traders are taking profits off the table near multi-week highs.

Crude Inventories Decline By 2.5 Million Barrels

11:16am, Thursday, 20'th Jun 2024
Gasoline inventories decreased by 2.3 million barrels from the previous week.
The crude oil markets rallied slightly during the early hours on Thursday as it looks like we are building a bit of a base for the next swing higher. At this point in time, I remain bullish on this ma
West Texas Intermediate is on pace for a second consecutive weekly gain. JPMorgan is forecasting Brent will hit $90 by September on summer fuel demand.
Oil futures were little changed early Thursday, hovering near their highest since late April, as U.S. traders returned from a midweek holiday break and awaited official data on inventories.
Environmental protestors said the Supreme Court ruling over the Horse Hill oil wells is a "watershed moment" for the fossil fuel industry, said lawyer Friends of the Earth, making it harder for new f
In a ruling that could prevent other new UK fossil fuel developments from going ahead, the Supreme Court has ruled that a local council wrongly ignored the impact of future emissions. Emissions create
The short-term outlook for crude oil is neutral to slightly bullish, contingent on inventory data and geopolitical developments.
With WTI nearing $81.50, the unexpected rise in U.S. crude inventories fuels concerns about ongoing sell-off pressure in the oil market.
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