White House Economist: ‘More Oil Than You've Ever Seen' Is Coming, and Prices Are About to Drop
Kevin Hassett, the White House National Economic Council director, told CNBC's Squawk Box this morning that the recent calm in oil markets is a ledge, not a landing.
Iraq's push for bigger OPEC quota driven by revenue pressures, new oil investment
An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher OPEC production quota, potentially placing it on a collision course with the producer bloc.
Oil Rises Amid Renewed Supply-Disruption Concerns
Oil rose amid renewed concerns over supply disruptions in the Middle East.
Oil News: Will Renewed War Premium Push Crude Oil Above the 50-Day MA?
Crude oil prices test the 50-day moving average as renewed war premium returns. See whether geopolitical risks can trigger the next breakout.
Oil climbs following renewed US, Iran strikes in Middle East
Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz.
U.S. Strikes Iran In Retaliation For Hit On Cargo Ship — Amid Fragile Ceasefire
U.S. crude oil dropped below $70 following the attack on the cargo ship, as more tankers reportedly navigated through the strait successfully. U.S. crude oil prices are now down over 26% in the last month, continuing to fall after the start of the U.S.-Iran war in February spiked costs.
US crude oil falls below $70 a barrel despite Iranian attack on cargo ship
US crude oil dipped below $70 a barrel Friday as traders remained optimistic about tanker traffic flow through the Strait of Hormuz – even after an Iranian attack on a cargo ship paused a large-scale evacuation.
U.S. Natural Gas Futures Extend Gains on Coming Hot Weather
U.S. natural gas futures extended gains amid a wave of above-normal temperatures moving across the U.S. the next two weeks.
Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again
Iran warned on Thursday that vessels not following approved routes would be be dealt with ‘accordingly,' and a U.N. organization paused ship-evacuation efforts at the strait.
Natural Gas and Oil Forecast: Truce Stability vs Supply Surge — Will Oil Collapse or NatGas Lead?
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI slides to $70.45 after triangle violation, Brent defends $74.12 support, and Natural Gas trades at $3.286.
Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.
Oil Futures Fall on Likely Technical Correction
Oil futures fell on a likely technical correction following solid gains in futures overnight.
