TOKYO, Jan 17 (Reuters) - Oil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained 42 cents,...
Brent crude futures gained 9 cents, or 0.1%, to $86.15 a barrel by 0539 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71. U.S. West Texas Intermediate crude was up 29 cents, or 0.4%, at $84.11 a barrel, after hitting $84.78, the highest since Nov. 10, 2021, earlier in the session.
This was supposed to be a follow-up to my previous article on the lithium market. However, I got a tremendous amount of feedback and numerous inquiries following that article. I am going to speak with a few more people in the industry this week before I finish that article. But...
SINGAPORE: Oil prices rose on Monday, as investors believed that supply would remain tight due to a restrained production by major producers and a global unperturbed demand. Brent crude futures rose 9 cents or 0.1 percent to $86. 15 a barrel by 0539 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71.
KMI - Free Report) kicks off the Oils-Energy earnings season with its fourth-quarter results on Jan 19. Schlumberger (. SLB - Free Report) will report later in the week. While the returns improved over the past few quarters on gradually tightening fundamentals, the October-December period should further reinforce the sector’s stability. The fourth quarter saw oil and gas prices revisiting their multi-year highs following the vaccine progress and the ongoing macroeconomic recovery.
TOKYO (Reuters) – Oil prices rose on Monday, with Brent crude oil futures at their highest level in more than three years, as investors bet supply will remain tight amid tight oil production. major producers, with global demand undisturbed by the Omicron coronavirus variant. Brent crude futures gained 42...
Brent crude oil hitting more than 3-year highs on Monday. In the last week, Brent and WTI both rose by 5.4% and 6.3%. Leading oil-producing groups, including OPEC+, are not able to supply enough to meet strong global demand. Crude oil prices galloped on Monday, with benchmark Brent crude oil...
AT -91.5k contracts net-short, it is the most aggressively bearish exposure on AUD futures by large speculators on record. Traders sold short 1.8k contracts against the Australian dollar and trimmed longs by -249 contracts, which takes the net-sort exposure to a new record of -91.5k contracts. Whilst shorts rose a little last week, the increase of short exposure has mainly been a function of longs being closed out since the end of November. Yet despite the bearish exposure to AUD prices continue to hold up well overall, which means we need to see prices roll over or bears will be forced to close and potentially spark a short-covering rally (like we’ve seen on GBP futures recently).
WTI pares intraday gains after refreshing multi-day high. Overbought RSI conditions favor pullback moves towards November’s peaks. 10-DMA, two-week-old support line appears a tough nut to crack for the bears. Immediate rising trend line, 2021 top challenge the oil bulls. Having initially jumped to the highest levels since late...