Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
Tag: crude
Crude oil price forecast amid rising optimism over the return of Iranian oil
Crude oil price pulled back from the multi-year high hit earlier in the week amid growing optimism on the return of Iranian oil into the market. Nonetheless, it will likely remain on an uptrend as tra...
Crude oil price: the only solver is demand destruction
Crude oil price has extended its previous gains to the highest level in 9 years. In early Thursday trading, the benchmark for global oil – Brent futures – were trading at $116.68; a level last recorde...
3 energy stocks with huge potential as crude oil prices goes parabolic
Crude oil and natural gas prices have rallied sharply in the past few months. On Tuesday, Brent soared to more than $105 for the first time in over 7 years. As a result, the Vanguard Energy ETF has so...
Crude oil price has skyrocketed. These 4 currencies could benefit
Crude oil prices soared to the highest level in almost a decade as investors remained concerned about the ongoing crisis in Europe. Brent, the global benchmark, rose to $105 while Western Texas Interm...
Where Are Bitcoin and Crude Oil Heading?
Based on the latest updates, we are assessing European banks’ exposure, crude oil analysis and an outlook for bitcoin and cryptocurrencies. Russia launched a full military operation in Ukraine i...
Crude oil price outlook after first weekly loss in weeks
Crude oil price recorded its first weekly loss after eight consecutive weeks in the green. Investors are evaluating the market amid the probable return of Iranian oil. Besides, developments of the Rus...
Here’s How The Price Action of Crude Oil Behaves Before A Correction
Since Christmas last year, crude oil (CL) price has been trending up nicely within an up channel from 73 to almost 96 at the peak on 14 February 2022. The recent bullish move in crude oil is also supp...
US Crude Oil Producers Add Rigs to Meet Future Demand
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures were higher late Friday after the International Energy Agency (IEA) said the global oil markets were tight, but further...
Crude Oil forecast after the recent jump
Crude oil price is trading near recent highs after the U.S. Energy Information Administration (EIA) reported that crude oil production would reach record levels in 2023. According to EIA, crude oil pr...
Crude oil price forecast amid the demand/supply imbalance
Crude oil price has taken a breather after recording gains for seven consecutive weeks. In early Monday trading, the benchmark for global oil – Brent futures- hit a fresh 2014 high of $93.92. it has s...
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. Most Read from Bloomberg State firm Saudi Aramco increased all...
Crude oil price: expect empty tanks at Cushing in February
Crude oil price remains close to the 2014 high it hit in the past week amid concerns over tight supplies. At the time of writing, Brent futures – the benchmark for global oil – were hovering below the...
Crude oil price prediction amid heightened fears in Eastern Europe
Crude oil price has been in the green for five consecutive weeks amid heightened demand optimism. The last time that the commodity recorded such a streak of gains was between early September and mid O...
Bitcoin Outperformed Crude Oil, S&P 500, NASDAQ, and Gold in 2021 (CoinGecko Report)
Despite the price slumps at the end of last year, bitcoin still managed to close 2021 with an increase of over 60%. As such, it outperformed all other major asset classes for the second year in a row,...
Crude Oil forecast after the price advanced above $83
Crude oil price advanced this Wednesday to a two-month high despite a big rise in U.S. gasoline inventories. The rise comes after U.S. Federal Reserve Chair Jerome Powell said that he believes the eco...
Crude oil price prediction with the OPEC+ meeting in focus
Crude oil price is hovering below the psychologically crucial level of $80 per barrel, which has been the case since late last week. Investors are keen on the OPEC+ meeting scheduled for Tuesday. OPEC...