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
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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!
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
Gold Silver Reports – U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China — The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments.
MCX Crude Oil Buy on Dips, Support Key Level 3900 By Goldman Neal Bhai Reports
Gold Silver Reports – MCX Crude Oil Buy on Dips, Support Key Level 3900 — Technically Crude Oil market is under fresh buying as market has witnessed gain in open interest by 183.71% to settled at 9876 while prices up 60 rupees.
Crude Eases Losses as Industry Sees Surprise Stockpile Decline
Gold Silver Reports – Crude Eases Losses as Industry Sees Surprise Stockpile Decline — Crude Oil pared losses after an industry report was said to show an unexpected decline in U.S. crude stockpiles.
Crude Slides as Stock Markets Crumble, Drilling Activity Rises
Gold Silver Reports (GSR) – Crude Slides as Stock Markets Crumble, Drilling Activity Rises — Oil’s decline accelerated as the deepening slump in equity and debt markets undermined the outlook for energy demand against the backdrop of swelling U.S. crude production.
Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries
Gold Silver Reports – Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries – After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production.