Oil (CL=F, BZ=F) prices rose Monday following President Biden's ban on new offshore drilling. United ICAP energy specialist Scott Shelton joins Catalysts to discuss market implications and his outlook on the broader oil sector.
The crude oil market is rallying in the short term and looks like it is ready to continue for a longer term move. Ultimately, this is a market that will continue to see strength as interest, demand and economy will push this market.
As the most powerful investors in the world are loading up on energy investments following President-elect Donald Trump's victory, this investor highlights a profitable and lower-risk oil and gas play that is “set to outperform all the rest.”
American Petroleum Institute President and CEO Mike Sommers weighs in on Biden's recent oil and gas drilling ban and the administration banning certain natural gas water heaters.
Oil futures rose Monday, looking to build on recent strength that saw crude end at nearly three-month highs last week, boosted by hopes around further stimulus from China and signs of strong demand for Middle Eastern crude.
Oil prices hold near 3-month highs as demand rises, but a strong dollar limits gains. Traders eye supply risks and Fed updates for future price action.
Saudi Aramco, the world's top oil exporter, on Monday raised crude prices for Asian buyers in February for the first time in three months, after OPEC+ extended production cuts for another three months and as Russian and Iranian supplies fell.
Geopolitical tensions and a strong U.S. dollar challenge price recovery. Will demand hopes and technical support drive a rebound?
Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing's economic stimulus measures.
Oil prices rose in the Asian morning session, driven by optimism over China's potential economic recovery.
Crude oil surges 4.76% to $73.96 as China's stimulus measures and cold weather boost demand. Analysts eye further gains despite dollar strength and supply concerns.
Neil Mehta, Goldman Sachs energy analyst, joins 'Power Lunch' to discuss finding opportunities in energy stocks in 2025.