EIA: Stronger U.S. Dollar Contributes to Higher Crude Oil Prices In International Markets
Principal contributor: Matt French Source: Graph by the U.S. Energy Information Administration,...
Read MorePosted by Keith Reid | May 19, 2022
Principal contributor: Matt French Source: Graph by the U.S. Energy Information Administration,...
Read MorePosted by Dr. Nancy Yamaguchi | February 12, 2021
Oil prices slowed their upward trek this week, but not before WTI crude futures prices strode through one of the longest streaks of daily gains in recent memory. WTI futures rose every day upon opening from February 2 until...
Read MorePosted by Dr. Nancy Yamaguchi | February 5, 2021
Oil prices surged this week, heartened by several bullish items: OPEC+ restraint, job market improvements, a decline in crude oil inventories, good news in the fight against COVID-19, and progress toward another federal COVID-19...
Read MorePosted by Dr. Nancy Yamaguchi | January 29, 2021
Oil prices eased early this week, unable to recoup last week’s losses, but buying interest is picking up today. Gasoline and diesel prices are rising faster than crude prices, and they appear to be heading for a finish in the...
Read MorePosted by Dr. Nancy Yamaguchi | January 22, 2021
Oil prices have fallen this week, finally heading back down after their five-week long upward trek. The holiday season and anticipation of the presidential inauguration sustained market exuberance, but as noted in our earlier...
Read MorePosted by Dr. Nancy Yamaguchi | January 15, 2021
Markets are in flux this week. Oil prices are off mid-week highs, yet are heading for another finish firmly in the black. Fundamentals are bearish, yet the market appears doggedly determined to look forward to 2021. The U.S. has...
Read MorePosted by Dr. Nancy Yamaguchi | December 18, 2020
The oil complex had a strong week, elated by the rollout of the Pfizer-BioNTech COVID-19 vaccine. On Thursday, the FDA Advisory Panel unanimously endorsed the emergency use of the Moderna vaccine as well, and the FDA is expected...
Read MorePosted by Dr. Nancy Yamaguchi | December 11, 2020
Oil prices fell midweek on poor demand, ballooning oil inventories, and record-level COVID-19 infections, hospitalizations and deaths. Job formation has been disappointing, and initial weekly unemployment claims rose sharply....
Read MorePosted by Dr. Nancy Yamaguchi | December 4, 2020
Oil prices fell Monday through Wednesday this week then climbed back Thursday and Friday, largely the result of a contentious OPEC+ meeting. The original OPEC+ plan called for relaxing crude production cuts by 2 million bpd...
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