Gold Silver Reports (GSR) – Crude Oil Tops $75 on Supply Cuts, Prospect of Iran Sanctions — Brent crude, the global benchmark, rose to its highest level since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016.
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India’s Crude Oil Imports Rise 2.9% In March
Gold Silver Reports (GSR) – India’s Crude Oil Imports Rise 2.9% In March – India’s crude oil imports rose 2.9 percent (YoY) to 18.7 million tonnes in …
Trump Slams OPEC for Inflating Prices, Crude Oil Erases Gains
Trump Slams OPEC for Inflating Prices, Crude Oil Erases Gains -Crude Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude …
Crude Oil Rises Most in 2 Weeks as Concerns Over Trade War Ease
Gold Silver Reports (GSR) – Crude Oil Rises Most in 2 Weeks as Concerns Over Trade War Ease — Futures jumped as much as 2.5 percent in New York as equities rose and the dollar dipped, boosting oil’s appeal. While President Donald Trump predicted China will be first to buckle in the tug of war, his top economic adviser said the countries are holding “back-channel discussions” to resolve the dispute.
Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus
Gold Silver Reports (GSR) – Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus — Futures closed 0.3 percent higher in New York on Thursday, wiping away most of the gains made during the session. Data provider Genscape Inc. was said to report inventories at the key pipeline hub in Cushing, Oklahoma, expanded, taking the wind out of a rally earlier driven by an unexpected Arab Light crude price increase by Saudi Arabia, the world’s biggest oil exporter.
OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says
Gold Silver Reports – OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says — OPEC and other petro-states need to “reconsider” their output plans due to a fresh wave of U.S. shale oil, the head of the International Energy Agency said.
Crude Oil Price Forecast March 2018 By Market Oracle
Crude Oil Price Forecast March 2018 By Market Oracle
The crude oil price started 2018 with a BANG, rising from an opening $60 to a January peak of $67, that’s a 12% gain in less than 1 month!