Crude Oil price forecast: Crudeoil rose for a third session after a government report showed the US shipped a record amount of crude and refined products overseas as energy-starved economies scramble for supplies.
crude prices
Crude Oil Flipped Between Gains and Losses – Gold Silver Reports
Gold Silver Reports (GSR ) – Crude flipped between gains and losses – U.S. and international crude oil prices ended Monday’s trading session little changed from where they began the day. While London futures settled lower, the WestTexasIntermediate contract traded in NewYork posted a small gain. Even so, WTI was on track to advance more than 5 percent for April; if that holds, American-crude will post its best start to a year since 1999.
Two Big Producers just Called the Bottom on Crude oil: $60 a Barrel
Gold Silver Reports (GSR) – Oman oil minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries (OPEC) and partners including Russia and Oman can sustain prices at $60 a barrel.
Crude Oil Continues Big Slide Despite Saudi Talk of Supply Cuts
Gold Silver Reports (GSR) – Futures in New York as 0.4% Monday, extending a record decline. Oil was pulled 2.5% lower after the close amid a slide in equities, with President Donald Trump adding pressure with a tweet criticising the Saudi plan.
Macron Says He Thinks Trump Will Pull Out of Iran Nuclear Deal
Gold Silver Reports – Macron Says He Thinks Trump Will Pull Out of Iran Nuclear Deal — “My view — I don’t know what your president will decide — is that he will get rid of this deal on his own for domestic reasons.” Macron told journalists Wednesday in Washington, adding that he encouraged the American president to stay in the accord during his three-day visit to the U.S. capital.
Crude Oil Up on Syria Tensions, Neal Bhai Reports
Gold Silver Reports – Crude Oil Up on Syria Tensions, Neal Bhai Reports – The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management.
Crude Prices Rise on Expected fall in US Inventories, Geopolitical Tensions
Gold Silver Reports – Crude Prices Rise on Expected fall in US Inventories – Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums.