|Day's range||68.27 - 69.65|
A formalized oil alliance between OPEC and Russia that would last indefinitely is in the making as Saudi Oil Minister al-Falih has revealed a preliminary framework
Investing.com - Oil prices settled up on Monday but some traders said they did not believe Impending Iranian sanctions and Saudi-West tensions will stop crude from sliding below $65 a barrel.
BP and Eni could soon resume production at a shared oil field, lifting the country’s oil production by several hundred thousand barrels per day
On October 18, US crude oil’s implied volatility was 25.8%—almost on par with its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 161.9%. Crude oil’s implied volatility has fallen ~65.7% since February 11, 2016.
The Zacks Analyst Blog Highlights: Energy Transfer, Phillips 66, Whiting Petroleum and Continental Resources
Investing.com - Oil prices gained on Monday as investors remained cautious ahead of the upcoming U.S. sanctions against Iran’s crude exports.
Investing.com - Gold prices settled higher on Monday morning in Asia, along with an advance in the U.S. dollar. The increase in gold prices, a safe-haven asset, is likely to be impacted by geopolitical tensions including the Saudi murder of a journalist, Italy’s budget and Brexit uncertainty.
Despite recovering somewhat on Friday, bearish news continues to dominate headlines, but there is enough evidence that the bulls are preparing a comeback
Light crude typically sells at a premium to heavier blends, but thanks to an emerging glut and Permian bottlenecks, the region’s lightest blend is selling at a huge discount
Investing.com - Market players are likely to stay focused on global supplies in the week ahead, after oil prices suffered their second consecutive weekly loss, driven lower by indications of swelling U.S. crude stockpiles.
As we rapidly approach the start of the sanctions against Iran on November 4, investors will continue to monitor exports from Iran and the number of nations likely to side with the U.S. in limiting the amount of oil exported from the rogue nation. The Saudi’s will continue to try to deflect the negative news over Khashoggi by talking up its role in preventing a worldwide oil shortage following the start of the sanctions against Iran on November 4.
BP Chief Executive Bob Dudley said that current oil prices are too high and that they are causing demand destruction in many emerging economies such as India, South Africa and Turkey
An internal OPEC document suggests that the cartel and its allies are struggling to ramp up production and make good on its additional 1 million bpd promise
Matra Petroleum AB (publ)’s (STO:MATRA): Matra Petroleum AB (publ), an independent oil and gas company, engages in the exploration and production of oil and gas in the United States. With Read More...
The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.
In contrast to some other major players, oil trader Trafigura remains bullish on crude, and expects prices to rise next year as it continues to see upside for oil
Investing.com - With a little more than two weeks to go until the most-anticipated development in oil markets this year, traders look flummoxed about the impact of Iran oil sanctions due Nov. 4.
Saudi Aramco signed a deal to invest almost $25 billion over the course of two years in a 400,000 bpd refinery and associated petrochemical plants in eastern China
UAE’s ADNOC is boosting production in October and November and introduced a new low sulfur light crude oil blend that goes by the name of Umm Lulu
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.