Crude Oil Price Analysis – Crude Oil Drops with Lack of Headlines
Crude oil drops a bit in early trading on Friday, perhaps due to a lack of major headlines. That being said, this is a market that is still waiting for clarity from the Middle East.
US oil exports surge, draining domestic crude inventories toward rock bottom
At the prairie town that calls itself the pipeline crossroads of the world, some 400 oil storage tanks sprawled across Cushing, Oklahoma, are nearly empty, drained by refiners worldwide to plug a massive shortfall in global supplies caused by war in the Middle East.
Oil Prices Slip as Iran Peace Hopes Outweigh Hormuz Fears Despite Israel, Hezbollah Strikes
Brent crude and WTI prices were shrugging off fighting in Lebanon as the market concentrates on the U.S.-Iran peace talks.
Oil little changed on uncertainty over US-Iran peace deal
Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon.
Oil Edges Lower Amid Mixed Middle East Developments
Oil edged lower in early trade amid mixed Middle East developments.
Buccaneer Energy could have big upside as Texas oil growth plan takes shape, says broker
Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1) could be approaching a re-rating as production growth and stronger cash generation begin to close the gap between the company's market value and the underlying worth of its assets. This was suggested in a new note from house broker SP Angel, which reiterated a 'buy' recommendation and 0.05p target price, arguing that the shares offer more than 350% upside to its risked net asset value.
Oil prices fall 3% on report Trump reluctant to restart Iran war
President Donald Trump told aides that he won't resume the war unless U.S. troops are killed, according to The Wall Street Journal.
Oil prices inch back toward $100 a barrel as U.S. stocks retreat from records
Oil prices rose Wednesday following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire, and U.S. stocks retreated from their records.
Israel-Lebanon ceasefire nudges oil off recent highs as Hormuz hopes revive
Crude prices slipped on Thursday after Israel and Lebanon agreed to implement a ceasefire, with markets pricing in the possibility that the deal could unlock a broader settlement to end the wider US-Israeli war with Iran and, crucially, reopen the Strait of Hormuz. Brent futures eased towards $96.92 a barrel, while US West Texas Intermediate fell to around $95.24, paring gains accumulated over the previous two sessions when both benchmarks had risen around 2% after a fresh surge in Middle East hostilities, including Iranian drone attacks on Kuwait and US military strikes near the Strait of Hormuz itself.
Iranian oil slips to discount on poor Chinese demand despite tighter supply
Iranian oil prices slipped into discounts for the first time since April, while Russian crude premiums eased as traders cut prices to entice Chinese buyers amid sluggish demand, trade sources said.
U.S. Crude Oil Stockpiles Post Sixth Straight Weekly Drop
U.S. crude oil inventories extended their decline, falling by 8 million barrels, as exports rose and refineries ran near full capacity.
