US Asks Japan, South Korea, Others to Consider Tapping Oil Reserves
The Biden administration has asked some of the world's largest oil consuming nations to consider releasing some of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery, according to several people familiar with the matter.
Oil is bullish and continues
Oil is bullish and continues
Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook
Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook
Oil Price Forecast: WTI Crude Resumes Climb on Bullish Demand
Oil Price Forecast: WTI Crude Resumes Climb on Bullish Demand
Crude Oil Futures: Potential for further gains
Crude Oil Futures: Potential for further gains
Oil Rebounds to Near $39.0 amid Ballot Counting
The US presidential election is held on November 3 (local time) as scheduled. The result may be delayed due to the mail-in voting triggered by the pandemic.
Despite Decline, Oil Prices May Gain Strength from OPEC+ & U.S. Election
Although WTI recently suffered a sharp loss to $39.57 amid the increase of oil production in Libya and the outbreaks in Europe and America, it may gain strength later from the deeper oil output cuts of OPEC+ and the U.S. presidential election.
Oil Sees Struggling Uptrend Despite Price Gains
As of early this morning (GMT+8), WTI ended higher 1.95% with oil prices increasing in the wake of the meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC).
Slumping Oil Sees Enduring Downtrend on Sluggish Demand
Lately, oil prices suffered a sharp loss on the sluggish demand, shrinking to $36.12 for a high above $43.0 and refreshing the three-month low.
Oil Prices Hit Fresh High on Uncertain Outlook
WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6.
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