Natural Gas and Oil Forecast: Inventories Rise, Charts Turn Lower Near Resistance
Oil and natural gas prices turn volatile as US crude inventories jump, resistance holds on charts, and RSI signals fading momentum across energy markets.
US Justice Department seeks to block California limits on oil wells near schools, hospitals
The U.S. Justice Department said on Wednesday it sued to block a California law requiring oil and gas drilling to be separated from schools, homes and hospitals by buffer zones of more than half a mile (1 km).
Why oil experts say U.S.-Iran tensions feel different this time around than previous crises
Oil experts are factoring in the possibility of revolutionary upheaval in Iran as tensions with the U.S. flare back up.
How unrest in Iran is roiling oil markets
Crude oil prices initially rose amid protests in Iran, but have since failed to rally. CBIC Private Wealth senior energy trader, Rebecca Babin, joins Market Domination Overtime host Josh Lipton to explain why oil reacted differently after geopolitical tensions in Venezuela broke out.
Venezuelan oil priced at a premium to competing Canadian barrels for US Gulf Coast refiners, traders say
Venezuelan crude oil was being offered this week to U.S. Gulf Coast refiners at a premium to competing Canadian barrels, two traders said.
'Fast Money' traders talk swings in the oil market on Iran fears
The 'Fast Money' traders talk swings in the oil market on Iran fears.
Trump's Venezuela oil deal nets first $500M sale under new agreement
Trump announces $500 million Venezuela oil deal following Maduro's arrest, with more in sanctioned oil sales expected in coming weeks.
Oil falls nearly 2% after Trump signals he could hold off on attacking Iran
Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped.
Crude oil rally has more room to run, says Citi's Max Layton
Max Layton, Citi global head of commodities, joins 'The Exchange' to discuss recent oil prices, the impact to gasoline prices and much more.
U.S. Crude Oil Stockpiles Post Weekly Increase
Crude oil inventories increased by 3.4 million barrels to 422.4 million barrels last week as imports rose, said the U.S. Energy Information Administration.
Oil Prices Hit Highest Level Since October As Trump Escalates Iran Threats
Iran produced 3.5 million barrels per day as of November, the third-most in the Middle East behind the United Arab Emirates (3.59 million) and Saudi Arabia (9.9 million), according to the International Energy Agency. Iran's oil accounted for 26.5% of global energy supply in 2023, the agency said.
Rising geopolitical risks point to higher crude prices - oil analyst
Citi has lifted its near-term view on oil, upgrading its 0–3 month Brent forecast to US$70 a barrel as it sees rising geopolitical risk feeding a higher risk premium. With Brent around US$65/bbl, the American bank said the latest rally “has room to extend” beyond its previous US$55–65/bbl range in the coming days.
