Tag: supply

OPEC+ unexpectedly cut oil’s output

OPEC+ unexpectedly cut oil’s output

OPEC+ reversed course and lowered supply by 100 000 barrels a day for the next month. Crude attacked $90 level.
Soft economic activity sent crude oil down to year’s support

Soft economic activity sent crude oil down to year’s support

Possibly lower supply disruptions of crude oil and soft economic activity in the Eurozone sent black gold to test the 95$ price tag.
Why is the price of Crude Oil so volatile?

Why is the price of Crude Oil so volatile?

High volatility in oil markets continues. The backwardation and dislocation between the financial and physical oil market bring mixed signals.
Oil gained as a tight market remains

Oil gained as a tight market remains

The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.