Saudi Arabia Cuts Selling PriceOil prices came under pressure on Monday as traders digested news of fresh price cuts from de-facto OPEC leader Saudi Arabia. The kingdom slashed the official selling...
Crude Rallying on Middle East Fears
Middle East Worrying Oil TradersOil prices remain bid today on the back of a more than 5% rally in crude futures yesterday. Developments in the Middle East are creating upward pressure this week as...
Oil Prices Rising Ahead of Year-End
Red Sea Disruption Supporting OilOil prices are rising for a third straight session today as concerns over Red Sea shipping routes fuel a spike in prices. Many major companies including those...
COP28 Deal Weighs on Crude - Fed Next
Record Breaking DealCrude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a...
Crude Recovery Continues... For Now
Crude BouncingCrude oil prices are rising today and are on course to post their fourth consecutive session in the green. However, the recovery looks tepid and bullish momentum looks weak against the...
Crude Sinks on China & Oversupply Fears
Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that...
Crude Fails To Rally Following OPEC+ News
OPEC News Lacks BiteCrude oil prices remain mostly muted as we move through the European morning on Tuesday. Just days on from OPEC+ announcing an extension of its current production cuts, the market...
Crude Falls on Signs of OPEC Tensions
Crude LowerCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting. The market was widely expecting the group to announce an extension of current production...
Will OPEC Make Or Break Crude Recovery Rally?
OPEC in FocusCrude oil futures are hovering around the $78 mark today ahead of the OPEC+ meetings taking place later. The market has seen better trading over the last few days, taking advantage of a...
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