Commodities

The Brent crude oil futures with delivery in November on the London exchange ICE rose above $93 per barrel for the first time since November 16, 2022.

September 14, 2023

2670

Oil futures, dragged by a rising dollar and returning recession fears, extended a pullback that’s taken the U.S. benchmark back below the $80-a-barrel threshold, eliminating recent OPEC+ decision-backed gains when the cartel announced surprise production cuts earlier this month.

April 20, 2023

3064

The prices of oil futures continued rising on Tuesday, May 31, after the EU finally made a decision to ban 90% of Russian oil imports by year-end, which apparently sent investors into a frenzy, raising concerns over supply.

May 31, 2022

3325

Oil prices tumbled on Thursday on the news that the Biden Administration is considering releasing up to 180 million barrels from its petroleum reserve (SPR), close to a one-time maximum in nearly 50 years of SPR history in response to the oil and gas supply crisis caused by the geopolitical events in the Eastern Europe.

April 1, 2022

3610

Crude oil futures retested its highs not seen since October 2014 after Saudi Arabia retaliated for yesterday's deadly attack on United Arab Emirates' petroleum facilities and an airport that Houthi forces in Yemen claimed responsibility for.

January 18, 2022

3531

Several prominent oil traders have written in their recent notes that “$100 crude is fast approaching as demand outstrips supply and a climate-inspired slowdown in investment in new sources threatens to allow reserves to wither”.

November 3, 2021

3726

U.S. oil companies are still assessing the damage at the oil rigs caused by Hurricane Ida, where platforms and refineries were struck hard creating numerous damages.

September 1, 2021

3886