Saudi-Driven Oil Rally Set to Continue

07:26pm, Sunday, 10'th Sep 2023
Oil prices are in focus after Saudi Arabia and Russia extended output cuts to the end of the year. Brent crude remains above $90 a barrel and New York traded futures are within striking distance of th
Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.
This article summarises recent factors affecting the price of crude oil and looks ahead at how the price could move over the next few weeks.
Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared.
Oil prices settled higher on Friday, contributing to a more than 2% weekly gain for U.S. benchmark crude futures. Crude prices continued to trade on “supply-side drivers,” said Edward Moya, senior
There are no signs of profit-taking in the oil markets today as traders remain bullish ahead of the weekend.

Why Are Oil Prices So High Right Now?

01:10pm, Friday, 08'th Sep 2023
Oil prices are the talk of Wall Street at the moment. Indeed, Saudi Arabia and Russia's production cut extension as well as Brent oil's recent nine-day climbing streak have drivers and oil producers a
Crude oil markets have rallied a bit during the trading week, as we continue to see follow-through on the upward pressure.
With oil pushing above $85 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
Dan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss if Yergin's been surprised at the strength of crude oil, if the U.S. is doing all it can to drill for oil, and if prices are keying
Despite major crude oil supply cuts, U.S. dollar resurgence and China's recovery fears curtailed bullish trends.
Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening
OPIS chief oil analyst Denton Cinquegrana joins 'The Exchange' to discuss rising oil and gas prices.
Oil futures settled lower on Thursday, giving back some of the recent gains that lifted prices to their highest levels of the year. “Even though we have seen a good rally in crude recently, we see t
Oil traders decided to take some profits off the table after the recent rally.
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