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Oil Prices Dive Below $40, Hit Lowest Since June
2020-09-08 19:15:00| OGI
Oil futures tumbled on Sept. 8, with Brent dropping below $40/bbl for the first time since June and U.S. crude off more than 8%, after Saudi Arabia cut its October selling prices amid a flare-up of coronavirus cases around the world.
Whats Affecting Oil Prices This Week? (Sept. 8, 2020)
2020-09-08 18:30:00| OGI
Bears will get support from U.S. crude oil productiontwo years lost in this sector.
Whats Affecting Oil Prices This Week? (Aug. 31, 2020)
2020-08-31 19:25:00| OGI
The EIA reported total U.S. product consumption has finally reached the levels of the five-year historical range, which, after a five-month roller coaster, could potentially bring the oil sector one step closer to normalization.
Oil Prices Hit Five-month High As Hurricane Laura Cuts US Production
2020-08-26 11:00:00| OGI
Oil prices rose toward $46/bbl on Aug. 26, near the highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura.
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Whats Affecting Oil Prices This Week? (Aug. 24, 2020)
2020-08-24 19:00:00| OGI
The Brent-WTI differential is expected to narrow during the weekstemming from WTI gaining support from the hurricanes headed toward the U.S. Gulf Coast.
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