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Back to $80 Brent crude

Regular readers know that we here at themoneynarrative both preach and practise independent thinking.  While we don’t always get it exactly right, our track record is a source of pride.  225 more words

Oil

Harga Minyak Sesi Asia Bergerak Naik; Minyak Brent Mendekati $ 80

(Vibiznews – Commodity) Harga minyak mentah menguat pada Kamis (17/05) di sesi Asia, dengan minyak mentah Brent merayap mendekati $ 80 per barel, tingkat yang belum terlihat sejak November 2014, karena pasokan berkurang sementara permintaan tetap kuat. 289 more words

NEWS

Oil holds gains as markets tighten amid OPEC cuts, Iran sanctions

CNBC

  • Oil prices held firm on Tuesday.
  • Ongoing production cuts by OPEC and looming U.S. sanctions against Iran have tightened the market.

Reuters

Nick Oxford | Reuters… 314 more words

themoneynarrative oil and gas commentary (OPEC) – update #7

Today (May 14, 2018), OPEC released its latest Monthly Oil Market Report.  Here are the highlights:

Crude Oil Price Movements 940 more words

Oil

Oil cautious on rise in US drilling, Iran sanctions opposition

CNBC

  • Oil prices edged lower on Monday.
  • A relentless rise in U.S. drilling activity points to increased output.

Reuters

Andrew Cullen | Reuters

An oil pumpjack operates near Williston, North Dakota. 274 more words

Crude at short term target

Crude oil has advanced to its $72 short term target. Oil prices will likely go higher longer term, but sizable short term downward correction are becoming more probable. 13 more words

Oil

Oil prices hit highest in years as markets adjust to looming sanctions on Iran

CNBC

  • Oil prices clocked up more multi-year highs on Thursday.
  • Traders adjusted to the prospects of renewed U.S. sanctions against Iran amid an already tightening market.
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