Crude oil prices are unlikely to find lasting direction in the outcome of a meeting between Donald Trump and Kim Jong-un as markets focus on OPEC supply trends.
The Canadian dollar drifted lower against its major counterparts in the European session on Friday, as a data showed that the nation’s employment unexpectedly shrank in May. Data from Statistics Canada showed that Canadian employment […]
After tweeting that OPEC was artificially creating higher prices, the US government is said to have requested a boost of nearly 1 million barrels per day sending prices lower.
GBP rises after PMIs confirm recovery for Q2 growth. Oil slips as the US is said to have pressure OPEC to raise production in order to bring down oil prices.
Crude oil futures recovered from earlier losses on Friday, but the U.S. benchmark price was poised for declines for the second week, weighed down by record U.S. Production and bets of OPEC bolstering production. U.S. […]
A surprise draw from the EIA weekly inventory report was not enough to outweigh concerns driven by increased OPEC production as well as risk-aversion on tariff related headlines.
Oil prices were mixed in Asian trading, but continued to be pressured by expectations that Saudi Arabia and Russia would increase production to ease a possible shortfall in supply. Brent crude oil futures traded up […]
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization […]
Oil prices edged down on Monday, adding to steep declines from Friday as OPEC’s de-facto leader Saudi Arabia and Russia said they may boost output and as U.S. production increases show no signs of slowing […]
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC’s chief said a complaint from U.S. President Donald Trump over high prices […]