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$40.13
+0.99 (+2.53%)
At Close: Jun 03, 2026
Crude Reality Shadows Soaring Job Losses
10:06am, Tuesday, 07'th Apr 2020
US nonfarm payrolls collapsed by 701K, the biggest one-month drop since the financial crisis, while unemployment jumped to 4.4% from 3.8%, posting the biggest m
OIL: Wait For OPEC+ Before Buying Crude
08:57am, Tuesday, 07'th Apr 2020
OIL has taken a strong hit this year as demand destruction has been met with a price war between Saudi Arabia and Russia. OPEC+ meets later this week to determi
Oil pares big losses as Saudis, Russia near deal
06:22am, Monday, 06'th Apr 2020
Down by nearly 11% at one point during the night, oil has now pared most of its losses.Russia and Saudi Arabia are "very, very close" to a deal on production cuts, said Kirill Dmitriev, CEO of
Energy First Quarter Review 2020
05:25pm, Sunday, 05'th Apr 2020
Carnage in energy commodities in Q1. Massive declines in WTI and Brent crude oil futures. Product prices tank. Natural gas falls to the lowest level of the cent
Weekly Energy Recap: All Eyes On OPEC+ Virtual Talks
04:10pm, Sunday, 05'th Apr 2020
With the coronavirus pandemic cutting oil consumption across the world, the boom in demand for storing oil has been key in absorbing excess barrels from the mar
Week Ahead - World Battles Spread Of Covid-19 And Its Economic Destruction, A Bigger OPEC+ Cut Deal, And Big Bank Stress Tests
03:02pm, Sunday, 05'th Apr 2020
The annual stress tests begin by the banks submitting their data and capital plans on Monday. President Trump will continue to push forward in delivering an inf
Crude import tariffs and other oil news
09:57am, Sunday, 05'th Apr 2020
"If I have to do tariffs on oil coming from outside or if I have to do something to protect our. tens of thousands of energy workers and our great companies that produce all these jobs, I'll do wh
WTI Weekly: Failed Breakdown Early Week Before An Aggressive Rally Ensued To 28.56s
07:41pm, Saturday, 04'th Apr 2020
A sell-side breakdown developed to 19.28s in Monday’s auction where sellers trapped amidst buying interest, halting the sell-side sequence. Balance developed, 1
U.S. January Production Drops Again
06:44pm, Saturday, 04'th Apr 2020
The March EIA report shows US production dropped from November to January by 119 kb/d to 12,744 kb/d. Note it dropped for two successive months. Are these two s
Oil Is Still The Stock Market's Biggest Obstacle
03:25pm, Friday, 03'rd Apr 2020
WTI crude oil just had its worst quarterly performance ever. Financial sector has also joined energy on the list of 52-week new lows. Until oil prices bottom ou
Oil deal leaves questions unanswered
08:10am, Friday, 03'rd Apr 2020
If it wasn't for the coronavirus, the news cycle would most likely be exclusively focused on oil market, where demand has dropped by as much as 30M barrels per day (roughly equivalent to the combined
It Takes Two To Contango
10:40am, Wednesday, 01'st Apr 2020
As Russia and Saudi Arabia pump and dump oil, crude's contango has widened while per-barrel receipts have shrunk. Over 12 months, the United States Oil Fund (US
U.S. Oil Production In Process Of... Peaking
11:04am, Tuesday, 31'st Mar 2020
The crude oil market is glutted and demand is falling off a cliff. Storage constraints are in sight, and I am not seeing an immediate catalyst for a demand rebo
Saudi's Full-On Assault On Russia In April Will Force Russian Oil Production Shut-In
07:14pm, Monday, 30'th Mar 2020
Saudis are going to go all-out against Russia in April. The primary battlefield will be in Europe where Saudi has sent a record number of tankers to Egypt. Euro
Oil below $20 as market drowns in crude
08:29am, Monday, 30'th Mar 2020
Traders are now betting on production shutdowns to cope with the collapse in demand, triggering WTI crude prices to drop 6% to under $20/bbl overnight to levels not seen since 2002.A price war between
