WTI Crude oil

Crude oil has gained five weeks in a row, almost undetected by investors who are completely focused on the stock market surge fueled by AI stocks and the significant reduction in inflation. Such a winning stretch has not occurred in the oil market in over a year and a half, with the most...

Prominent market commentator Jim Cramer analyzed Carley Garner’s chart to explain how some commodities could soon make a comeback. What Happened: “The charts, as interpreted by Carley Garner, tell us that the boom and bust cycle in commodities never stops, and right now that’s...

Oil prices fell in Asia trading on Wednesday, dragged by worries over potential rate hikes by the European Central Bank (ECB) and Federal Reserve this month, as well as extended COVID-led lockdowns in China. European Expectations: The ECB will announce its interest rate...

Oil prices fell in Asia trading on Monday following a report about a nuclear agreement revival between Iran and Western countries and on fears of a rate hike in the U.S. coupled with a strong dollar. Landmark Deal: The Iran nuclear deal is “imminent” and an agreement to revive the...

Oil rose in Asia trading on Tuesday morning, driven by anticipation that Russia's reduction of natural gas supply to Europe would prompt a switch to crude, although demand concerns on possible U.S. rate hikes kept a lid on gains. What Happened: Russia’s multinational energy...

Oil prices edged up on Friday, led by strong demand in Asia after the commodity took a beating in the last few sessions. An outsized European Central Bank (ECB) rate hike, coupled with an easing supply and demand deficit took oil down by 3% on Thursday. What Happened Earlier: Oil prices...

WTI crude oil prices are back above $54/bbl for the first time since February, which is good news for many oil investors. But while crude oil prices have surged 15 percent in the past month, natural gas prices have fallen 5.8 percent in that time. Bernstein analyst Jean Ann Salisbury recently...

The United States Oil Fund LP (ETF) (NYSE: USO) is up roughly 2 percent this week after Saudi Arabia energy minister Khalid al-Falih and Russia energy minister Alexander Novak said they would be on board with an OPEC plan to extend November’s crude oil production cuts by nine months. Muted...

The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....

This year has been a great year for stock investors, but it has been an even better year for commodities investors. While the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 10.6 percent on the year, the PowerShares DB Com Indx Trckng Fund (ETF) (NYSE: DBC) has surged 16.2 percent on the year. Oil...

WTI crude oil prices have surged more than 7 percent in the past two days following surprise news of an OPEC production cut deal. On Wednesday, OPEC agreed to cut global crude oil production from 33.4 million barrels per day to an anticipated range of 32.5–33 million barrels per day. While...

Traders often read headlines about crude oil prices rising or falling in response to news. However, if you ever try to find a price quote for crude oil, things can get a bit confusing. First, it’s important to understand that crude oil comes in many different forms. The blend of the crude...

On Monday, WTI crude oil prices dipped below $40/bbl for the first time since April, after the latest batch of data has investors worried that the infamous global oil glut may be returning. On Friday, a Reuters survey revealed that OPEC output may have risen to its highest level in recent history...

David Coleman of Argus Research still expects Chesapeake Energy Corporation (NYSE: CHK) to report a loss in 2016 due to weakness in commodity prices. Coleman maintains his 2016 loss forecast of $0.36 per share and sees only modest earnings in 2017. The analyst projects 2017 adjusted earnings...