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For oil traders, bulls and bears, this start to the new year was like the longest short week ever. Coincidentally, the oil market also started the year with close to the longest short position ever....
Oil prices are trading higher in the first week of 2024 as global geopolitical tensions offset soft economic data. The market still expects the Fed to deliver at least several rate cuts this year. If...
A bearish EIA report saw oil giving back some of its gains made earlier in the week. Meanwhile, nickel continues to come under pressure with fundamentals set to remain soft through 2024Energy - Large...
Refiner runs into the midnight sun, wheels go round and round. Staying faithful when the world is falling around you can be a beautiful thing. OPEC and non-OPEC renewed their oil-cutting vows in what...
Fed minutes dent hopes of early rate cut but markets perk up anywayHigher services PMIs lift sentiment in Europe and Asia, boosting US futures tooDollar rebound pauses for breath, oil jumps on supply...
Forecasts for 2024 are now predicting declines in oil prices. But in the short term, events in the Middle East have put upward pressure on prices. The range of $70-80 per barrel remains a key...
Oil prices moved higher yesterday with tensions continuing to grow in the Middle EastEnergy – Tensions LingerFurther tension in the Middle East pushed oil prices higher yesterday. ICE Brent...
The oil spike up and subsequent reversal show the market was more concerned about a hard landing in the economy than was about the significant risk to oil supply and transit. Even after reports...
Oil is off to the races to start the new year as risk to supply and demand expectations rise in China and OPEC starts their 2.2 million barrel a day production cut today. Oil is running up in the new...
Should all the bad trades be forgotten and never brought to mind? Should all the bad trades be forgotten for days of Auld Lang Syne? It is time to put the old oil year to rest as the market is...
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