General information
US crude futures are set to post four straight weeks of gains amid concerns surrounding growing scarcity of fuel products. Oil benchmarks are being kept above $100/bbl as well as their respective 50-day moving averages as market fundamentals point to a persistent supply shortage.
20 May 11:52
The acute shortage of products such as diesel and gasoline is keeping oil benchmarks above the $100/bbl line, with WTI and Brent futures restored to their respective 50-day moving averages.
13 May 12:27
Oil prices brushed aside the widely expected output hike decision by OPEC+ to remain on course for consecutive weekly gains, as Brent and WTI futures continue being guided higher by their respective 50-day moving averages.
6 May 13:13
Crude futures continue to rally for the third day, surging above $100/bbl on March 1. Today the Brent price is up 2.6% at $116.08/bbl, while WTI is 3.2% higher, trading north of $113/bbl.
3 March 12:21
Oil prices continue to trend sharply higher today after taking a breather on Friday, with Brent up more than 4.6% to $98.56/bbl, while WTI was up 4.5% above $95/bbl by the time of writing.
28 February 13:47
News. The next ministerial meeting of OPEC member countries is scheduled to be held next week on Wednesday, March 2.
25 February 14:09
Crude futures after yesterday's sluggish gains today shot up at the open, with the Brent price soaring over 8% and exceeding the 2014 high of $101/bbl, while WTI is up by 8.4%, closing in on $100/bbl.
24 February 13:01
Benchmark crude prices today extended a powerful rally that got under way last night, during which oil prices breached a number of resistance levels and advanced about 2%, retracing to 2014 highs. By the time of writing, Brent was up 3.52% at $98.75/bbl, while WTI was 4.85% higher at $95.49/bbl.
22 February 12:48
The oil market is in decline again today, with the crude benchmarks that rose on Friday evening by 1-1.2% in retreat today. By the time of writing, Brent was off 0.06% at $93.48/bbl, while WTI was up 0.01 % at 91.06/bbl.
21 February 13:09
Oil prices are recovering this morning after Wednesday’s pullback. By the time of writing, Brent was down 2.25% at $92.69/bbl, while WTI was trading 2.36% lower at $91.44/bbl.
17 February 12:59
Oil prices traded lower this morning after Friday's rally, dropping at one point by 0.9% to $92.99/bbl, while WTI shed 1.05% to $91.28/bbl before reversing higher.
14 February 11:11
The oil market has seen sluggish gains on Thursday morning, with Brent up 0.11% at $91.67/bbl, while WTI was trading 0.45% higher at $90.08 by the time of writing.
10 February 12:14
News. Crude futures have been in retreat today amid a sharp rise in energy supplies to the United States.
8 February 14:45
Crude futures have been correcting lower on Monday morning after Friday's rally. By the time of writing, the Brent price was down 0.14% at $92.05/bbl, while WTI was off 0.55% at $90.14/bbl.
7 February 12:24
Oil prices continue to trade sluggishly lower, with Brent today dipping 0.53% to $88.42/bbl, while WTI is off 0.6% at $86.6/bbl.
3 February 12:06
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