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Oil prices fell by as much as 3.7 percent on Tuesday

January 23, 2019
Recap: Oil prices fell by as much as 3.7 percent on Tuesday, as concern over a slowing global economy stepped to the forefront. On Monday, oil prices were slightly higher, still running on the Friday news of the drop in the U.S. oil rig count, although signs of a slowing Chinese ... Read More
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IIR Energy reported that US oil refiners are expected to shut in 1.1 million bpd of capacity in the week ending January 25th

January 22, 2019
Recap: Due to the Martin Luther King, Jr. holiday there are no settlements for Monday, January 21st.  Fundamental News: Oil exports from southern Iraq are holding close to a record high so far in 2019.  Southern Iraqi exports in the first 21 days of January averaged 3.6 millio ... Read More
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The oil market was supported by reports of declining OPEC production

January 21, 2019
Recap: The oil market traded higher on Friday, supported by reports of declining OPEC production and hopes for a resolution to the US-China trade dispute.  The crude market opened 16 cents higher at $52.23 as the market continued to trend higher following Thursday afternoon’s ups ... Read More
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There continues to be concerns of a slowdown in economic growth cutting oil demand

January 18, 2019
Recap: The oil market opened relatively unchanged and traded lower on Thursday in line with US and global equities markets amid the continuing concerns of a slowdown in economic growth cutting oil demand.  The crude market sold off to a low of $50.98 by mid-day.  The market later ... Read More
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EIA report showed larger than expected builds in gasoline and heating oil stockpiles

January 17, 2019
Recap: After climbing higher in overnight trading, oil prices slipped after the EIA report showed larger than expected builds in both gasoline and heating oil stockpiles. Gasoline stocks increase 7.5 million barrels and are now set at 255.6 million barrels, the highest weekly lev ... Read More
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Oil prices rose by as much as 3 percent on Tuesday

January 16, 2019
Recap: Oil prices rose by as much as 3 percent on Tuesday after falling more than 2 percent on Monday. The rise in prices came as China presented measures to stabilize its slowing economy. Since the beginning of the New Year, oil prices have been rising as economic woes begin to ... Read More
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OPEC reassured that global demand is strong and its production cuts were beginning to balance oil markets

January 15, 2019
Recap: Oil prices fell on Monday as China reported declines in both imports and exports during the month of December, fueling concern about slowing demand. Prices fell despite OPEC reassuring that global demand is strong and its production cuts were beginning to balance oil marke ... Read More
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The price of oil is being affected by the OPEC lead output cuts, trade wars between the U.S. and China and the health of China’s economy

January 14, 2019
Recap: Oil prices finished lower on Friday, ending the longest streak of gains for WTI in 9 years and the longest streak of gains in 10 years for Brent. Global economic woes weighed on the market amidst non-committal trade talks between the U.S. and China. Prices climbed out of a ... Read More
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Traders grew less confident that the U.S. and China would strike a compromise during trade talks

January 11, 2019
Recap: Oil prices traded on both sides of unchanged Thursday, as traders grew less confident that the U.S. and China would strike a compromise during trade talks and as weak Chinese economic data left investors leery. Prices drifted lower in overnight trading, but by daybreak, th ... Read More
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Oil prices increased for the 8th straight session

January 10, 2019
Recap: Continued optimism over trade talks between the U.S. and China, combined with a larger than expected fall in U.S. crude oil inventories and a drop of 630,000 in OPEC production for the month of December pushed oil prices higher for the 8th straight session. In its initial ... Read More
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