(EIA) US crude oil inventories plunged by 2.1 million barrels in the week that ended December 31 to 417.9 million barrels. Following the plunge, the crude inventories are now 8%…
(OPEC+) OPEC+ has approved the 400,000 barrel a day increase in oil output scheduled for February, citing improved global outlook. OPEC+ cite rising traffic and factory activity in major Asian…
US dollar firms amid a thin trading environment.USDCAD edges lower as oil prices rise.US indices poised for solid yearly gains.Cryptocurrencies on the defensive despite yearly gains. The US dollar is…
(Reuters) Oil prices expanded gains on Tuesday, with Brent crude trading close to $80 per barrel despite the increased spread of the Omicron variant, attributable to supply outages. Brent crude…
(Bloomberg) Japan has offered to release about 630,000 barrels of strategic oil reserves between March and June, with more sales to follow in a bid to curb rising prices. Japan’s…
(EIA) Crude oil inventories in the US for the week that ended December 17 was 423.6 million barrels, down by 4.7 million barrels from the previous week. The crude imports…
US dollar strengthens near 16-month highs.EURUSD sell-off persists.USDJPY retreats on safe haven demand.Oil prices tank on the dimming demand outlook.Cryptocurrencies sell-off persists. The US dollar was upbeat Monday morning, holding…
(EIA) Commercial crude oil inventories in the US were at 428.3 million barrels in the week that ended December 10, a decline of 4.6 million barrels from the previous week.…
(IEA) The International Energy Agency expects the emergence of the Omicron variant to only slow down oil demand recovery, with impacts relatively muted. IEA says Omicron is likely to ease…
US dollar firms ahead of CPI data.USDJPY is struggling for direction.USDCAD bounce-back gathers steam.Oil prices tank on profit-taking.Bitcoin and Ethereum under pressure after sell-off. The US dollar firmed at 16-month…
(Bloomberg) The West Texas Intermediate crude topped $68 on Friday after OPEC+ said it could alter the $400,000 barrels a day production boost set for January. OPEC+, which put a…
US dollar strengthens, firms at 16-month highs.EURUSD slides below 1.1300 amid dollar strength.AUDUSD struggling for direction after sliding to one-year lows.Oil prices bounce following OPEC supply cut talk.Cryptocurrencies are in…