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Tuesday, October 26, 2021

Falling U.S. Crude Supply Begins to Impact Global Oil Prices

The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma.

Monday, September 20, 2021

Oil Falls to $74 on Risk-Averse Mood, U.S. Gulf Output

Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.

Tuesday, August 24, 2021

Oil Prices Jump on Stock Market Rebound, FDA Vaccine Approval

Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years.