OIL PRICE reports: – Brent crude creeps closer to $90 per barrel on Wednesday morning – Russia-Ukraine crisis continues to spook oil markets – Falling U.S. crude inventories support bullish fundamentals Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel, as resilient global demand despite the Omicron...
ZERO HEDGE writes: Listening to Biden’s press conference this afternoon discussing soaring gas prices and relentless inflation (Biden prudently pivoted by instead praising the surge in small business creation as if it has anything to do with vibrancy, while completely omitting that it was driven by millions hoping to take advantage of...
The edited screen grab below is sourced from MarketWatch: Now read this: “Silver expected to rise as gold bottoms“. And this: “Yield curve control: bubbles and stagnation“. The post Sliding doors: Oil down 6.5% appeared first on The Loadstar. ...
SEEKING ALPHA reports: – WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as headlines out of the OPEC+ meeting hit. – Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl after OPEC and its partners decided to roll over its current production cuts for another month. The full post is here (sub/reg may be required). Now you may...
FORBES reports: As the pandemic rages, so do oil prices, reaching levels not seen since January 2020, when the virus was still a gleam in the epidemiologists’ eyes. A variety of reasons have been given for this trend, including recovering demand and suppressed supply, the vaccine roll-out, and falling inventories. Indeed, the...
SEEKING ALPHA reports: The energy sector (XLE -3.4%) returns to the bottom of the S&P sector standings as crude oil prices come under pressure, with November WTI (CL1:COM) -5.1% to $38.53/bbl and plunging below its 200-day moving average $39.62/bbl. There’s no obvious catalyst behind today’s sharp move, but persistent demand concerns stemming from the pandemic are outweighing hopes for...
