U.S. crude oil trades above $82 per barrel, on pace for second weekly gain in a row
JPMorgan forecasts that Brent will hit $90 on summer fuel demand by September. Source link
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WTI Crude (Mar'23)
U.S. crude oil snaps three-week losing streak as forecasts point to tighter market
Oil prices are gaining on expectations that summer fuel demand will draw down inventories. Source link
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Oil prices edge higher after weekly loss as Goldman sees supply deficit on summer fuel demand
Goldman Sachs sees a $75 floor and a $90 ceiling for Brent this year. Source link
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U.S. crude oil posts worst month since November ahead of weekend OPEC+ meeting
U.S. oil is down 4.8% in May, while global benchmark Brent has fallen 7.2%. Source link
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U.S. crude oil gains more than 1% as market looks to OPEC+ meeting on production levels
Oil market analysts are broadly expecting OPEC+ to maintain its current production levels. Source link
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Biden’s gasoline sale likely won’t have a major impact on summer pump prices
The Energy Department's move to sell 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve may not provide
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Oil prices bounce back after three-day decline but still on pace for weekly loss
U.S. crude oil is down 2.4% for the week while Brent, the global benchmark, is down 1.8%. Source link
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Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4
The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices ahead
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Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
Exxon claims right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the
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