Brent Bulls Split From U.S. Oil Optimists
Oil is poised for a weekly gain amid a mixed picture on the outlook for falling supplies and simmering U.S.-China trade tensions.
Still, OPEC warned this week that escalating trade tensions and a crisis in emerging markets could hurt oil demand.
Crude touched $80 a barrel in London for the first time since May amid signs that global supplies are rapidly shrinking.
Oil halted four days of losses as speculations of a hurricane approaching the U.S. would disrupt supplies and drive up fuel prices
Oil rebounds as supply crunch fears counter trade tariff threats.
Oil traded near $69 a barrel as an industry report showed U.S. crude inventories declined last week, ahead of government data due.
Growth in Tight Oil Shakes Up Futures Markets and Hedging Needs
Oil fell near $69 a barrel on concern over higher inventories at a key storage hub in the U.S.
Crude oil shrugged off Tropical Storm Gordon’s threat to U.S. oil assets amid a stronger dollar and a potential build at Cushing.
Iran's Oil Woes Rekindle Hedge Fund Optimism on Price Rally
Brent crude is poised for a 4.6 percent gain this month
Oil Finds Relief in Stockpile Drop After Stumbling on API Report
Oil Futures Reflect Iran Supply Risk as November Premium Expands
Oil Held Aloft by Risk Rally as U.S. Stockpiles Seen Shrinking
Meanwhile, OPEC and allies are currently restoring output target set in late 2016 after a period of cutting supplies excessively.
Over the past four months, investor optimism that global crude prices will rise has slumped by almost half.
Ecopetrol Looking at Acquisitions ‘This Year’ to Boost Reserves
Oil trades near $68 on bigger-than-forecast U.S. inventory draw.
Oil Extends Gains on Signs of Stockpile Slide and Weaker Dollar
Investors weighed an expected drop in U.S. inventories vs the government’s plans to release crude from its emergency stockpiles.