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WTI closed at a fresh seven-year high as supplies remain tight

October 20, 2021
Recap: Oil futures were up on Tuesday, with WTI closing at a fresh seven-year high as supplies remain tight amid an improving global economy and rising natural gas and coal prices in Europe and Asia. The rise in prices is supported by an adherence to the gradual increase in produ ... Read More
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Crude oil prices finished mixed on Monday

October 19, 2021
Recap: Crude oil prices finished mixed on Monday after both blends retreated from multiyear highs on tight supply concerns. Trading was mixed as U.S. industrial output for September fell, tempering early enthusiasm about demand. However, WTI held onto gains on concerns that deman ... Read More
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Oil futures hit three year highs as natural gas and coal prices continue to rise

October 18, 2021
Recap:  Oil futures hit fresh three year highs on Friday, with Brent topping $85 a barrel and WTI climbing back above the $82 mark. Forecasts of supply deficits over the next few months as the easing of coronavirus restrictions sparked demand, with sky rocketing natural gas and c ... Read More
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Domestic crude inventories increased more than 6 million barrels last week

October 15, 2021
Recap: Oil futures pared early gains after the EIA report showed U.S. crude oil stockpiles increasing by the most since March. Futures in New York climbed as much as 1.5% earlier in the session on Thursday. Domestic crude inventories increased more than 6 million barrels last wee ... Read More
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Refinery margins for distillate fuels are expected to surge about 47% this winter

October 14, 2021
Recap: Oil futures pulled back on Wednesday on expectations that demand growth will slip as inflation and supply chain issues strain major economies. However, swelling power generation prices limited losses. Weighing on prices, China, the world's biggest crude importer, released ... Read More
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WTI has moved forward for the fourth session in a row

October 13, 2021
Recap: Oil futures continued to perform strongly on Tuesday, remaining close to seven year highs, but ended the session on a mixed note. WTI has moved forward for the fourth session in a row, while Brent settled lower after the International Monetary Fund trimmed global economic ... Read More
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Demand for energy has picked up as the global economy continues to recover from the pandemic

October 12, 2021
Recap: Oil prices extended gains to scale multi-year peaks on Monday, fueled by the rebound in global demand that has also contributed to power and gas shortages in key economies like China. Demand for energy has picked up as the global economy continues to recover from the pande ... Read More
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The oil market reached the $80 level for the first time since November 2014

October 11, 2021
Recap: On Friday, the oil market continued to trend higher and reached the $80 level for the first time since November 2014, lifted by a global energy crunch that has helped gas prices reach record highs and prompted China to demand increased coal production.  Benchmark European ... Read More
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Oil markets have been on a steady rise due to tight supplies worldwide

October 8, 2021
Recap:  After falling by 3% in early morning trading, oil futures resumed their move to the upside Thursday, on reports that the U.S. may not release crude oil reserves in an effort to stem rising gasoline prices, putting the focus back on tight global supplies. The United States ... Read More
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The EIA reported U.S. crude oil inventories increased 2.3 million barrels

October 7, 2021
Recap: Crude oil futures shook off early gains on Wednesday, after Russia announced it would increase supplies of natural gas to Europe and after the EIA reported U.S. crude oil inventories increased 2.3 million barrels during the week ending October 1, 2021. Analysts were expect ... Read More
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