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.
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Crude Just had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump
West Texas Intermediate, or U.S. crude, lost 21 percent in November, tumbling to its lowest level in a year and logging its worst performance since October 2008.
Crude Oil Advances as Russia Shows Willingness to Join Saudis On Cuts
Gold Silver Reports (GSR) Russia wants more predictability and “smooth price dynamics” in world crude markets, Deputy Foreign Minister Sergei Ryabkov said in an interview in Argentina.
WTI Algos Confused Despite Surprise Crude, Gasoline Builds – Gold Silver Reports
Gold Silver Reports (GSR) — WTI Algos Confused Despite Surprise Crude – Senior Energy Analyst Vince Piazza notes that a generous dollop of bad news is good news for the crude market. U.S. sanctions on Iran, Venezuela’s deteriorating economy and other potential geopolitical disruptions will limit supply.
WTI Crude Oil Backs off From $70 Despite Iran Sanctions
Gold Silver Reports (GSR) – The US official reimpose sanctions on Iran today in a move that will cut global oil supply. The news was accompanied by a presidential tweet.
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 Oil Price Update – Market Set-up for Near-erm Pullback into $60.44
Gold Silver Reports – Crude Oil Price Update – Market Set-up for Near-erm Pullback into $60.44 — February West Texas Intermediate (WTI) Crude Oil futures are trading lower on Friday after hitting a 3-year high the previous-session. Traders are rolling into the March contract but the higher volume is still in the February futurescontract. We’ll pick up the March contract on Monday.
WTI Crudeoil Prices Traded Higher By 0.8 Percent
Gold Silver Reports – WTI oil prices traded higher by 0.8 percent to close at $34.7 per barrel on Wednesday as Reuters reported that Saudi Arabia had reached out to banks to raise the possibility of arranging a loan for the country, a potential sign that continued low oil prices are weighing on its finances.
WTI Crude Oil Rose Above $31.50 Per Barrel
Gold Silver Reports → Crude Oil producers finally considering output adjustments, crude-oil traders are beginning to see the market finally hitting bottom after long, dramatic declines, but the large supply glut may not be so easy to eliminate.