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Wednesday, October 23, 2019

Tag: barrel

Oil slumps to 1st annual loss since 2015 to end turbulent...

5 US manufacturing indexes all dropped in December, the 1st such across-the-board decline in 2 years.

Oil prices slide as concerns about global economy, oversupply weigh

Concerns about slowing global economic growth have dampened investor demand for riskier asset classes and pressured crude futures.

Frenchman sets sail across Atlantic – in a barrel

Savin had worked on his vessel for months in the small shipyard of Ares on France's southwest coast.

Oil in London dips below US$50 as market chaos counters Opec+...

Oil has plunged more than 40% from a 4-year high in October on the prospect of a supply glut.

World’s biggest traders see oil at US$65-US$100 a barrel next year

But in 2019, forecasters such as the International Energy Agency say emerging-market crises and trade disputes could dent global demand while rising non-OPEC production adds to supply.

Traders bet on oil at US$100 as Iran sanctions loom

Implied volatility for very bullish Brent options that expire after the Nov 4 resumption of sanctions has overtaken that for very bearish options, suggesting increased demand for such bullish bets.

Oil rides longest weekly rally since May with eyes on US$100...

Concerns over tightening supplies are growing as more buyers of Iranian crude shun purchases from the Islamic Republic before US sanctions take full effect in early November.

Oil prices could rise to US$100 a barrel by 2019, warn...

Crude oil prices could rise to US$90 per barrel by Christmas and to US$100 by the New Year as markets tighten.

Oil steady as US crude inventories fall, but trade tensions weigh

Despite that, analysts say prices are curbed by a rise in refined product stocks and a relatively weak US peak fuel consumption season this summer.

Oil dips as data shows biggest US crude build since January

A Bloomberg survey showed crude storage in tanks and terminals across the country likely rose 3 million barrels last week.

‘Crude oil to hit USD100 by Q2 in 2017’

Economist predicts oil prices will go up as there is no more oil glut in the market.