Commodity Prices News


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These Factors Helped Brent Oil Price Break Above $85
The Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB) outlined a range of factors.
8:00 PM EST | March 18, 2024
Oil Climbs to Four Month High
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
8:00 PM EST | March 17, 2024
USA Driving Activity to Increase to All-Time Highs
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:00 PM EST | March 17, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
8:00 PM EST | March 17, 2024
Oil Holds Weekly Gains
Crude futures pushed through 200-day moving average and then held momentum on the week.
8:00 PM EST | March 14, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
8:00 PM EST | March 14, 2024
Crude Futures Advance on IEA Supply Warning
Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.
8:00 PM EST | March 13, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe
Physical oil markets in Europe are weakening - quashing a rally.
8:00 PM EST | March 13, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
8:00 PM EST | March 13, 2024
Oil Prices Rise on Drawdown
Ukraine attack on Rosneft PJSC refinery added tailwinds to supplement the largest supply drawdown in nearly two months.
8:00 PM EST | March 12, 2024
Oil Falls on Persistent Inflation and Stalled Supply Cuts
Oil dipped as signs of stubborn US inflation whipsawed wider markets and OPEC said its latest supply cuts stalled.
8:00 PM EST | March 11, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
8:00 PM EST | March 11, 2024
SEB Commodities Chief Analyzes Oil Price Moves
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:00 PM EST | March 11, 2024
Oil Shows Little Change Ahead of US Inflation Data
Oil was little changed as traders wait to see if a week of key data inputs can break the market from its recent torpor.
8:00 PM EST | March 10, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
8:00 PM EST | March 10, 2024
Oil Settles in Tightest Weekly Range Since 2021
Oil eased lower as a brief outage on North America's Keystone pipeline failed to shake prices out of the tightest weekly trading range in years.
7:00 PM EST | March 07, 2024
Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.
7:00 PM EST | March 06, 2024
Oil Rises on Signs of Rising US Gasoline Demand
Oil climbed to near its highs for the year after a US report showed signs of rising fuel demand heading into the summer driving season.
7:00 PM EST | March 05, 2024
Oil Dips After Swinging Amid Technical Support
Oil edged lower, with technical support levels limiting its losses amid risk-off sentiment in broader markets.
7:00 PM EST | March 04, 2024
Rystad Flags Unexpected Increase in Henry Hub Prices
An unexpected increase in Henry Hub prices is countering bearish fundamentals seen in recent weeks, Rystad Energy Senior Analyst Lu Ming Pang said.
7:00 PM EST | March 04, 2024
Oil Falls Amid Extended Output Cuts
Oil retreated after hitting resistance near $80 a barrel as the OPEC+ coalition met expectations with its latest production move.
7:00 PM EST | March 03, 2024
Oil Rallies Near $80 Amid Tightening Physical Market
Oil extended this year's rally to almost $80 a barrel amid signs of a tightening physical market.
7:00 PM EST | February 29, 2024
BofA Reveals Where it Sees The Oil Price Heading
In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term.
7:00 PM EST | February 29, 2024
Oil Posts Back to Back Monthly Gain
Oil posted a second straight monthly gain as physical markets show signs of strength and traders look ahead to OPEC+ potentially extending its supply cuts.
7:00 PM EST | February 28, 2024
Oil Edges Down Amid Rising US Stockpiles
Oil fell after trading in a narrow range as traders weighed rising US crude inventories against expectations that OPEC+ will extend supply cuts.
7:00 PM EST | February 27, 2024
Is There a Geopolitical Risk Premium in the Oil Price Right Now?
Rigzone speaks to oil market analysts.
7:00 PM EST | February 27, 2024
Oil Rises Higher on Physical Markets Strength
Oil rose, bolstered by pockets of strength in physical crude markets, while traders weighed the potential for OPEC+ to extend its output cuts.
7:00 PM EST | February 26, 2024
Oil Rises on Stronger US Physical Markets and China Demand
Oil rose as physical markets in the US strengthened and demand from China showed signs of picking up.
7:00 PM EST | February 25, 2024
Shortage of Oil Tankers at Hand as Red Sea Attacks Divert Trade
Just two new supertankers are due to join the fleet in 2024.
7:00 PM EST | February 25, 2024
JP Morgan, Standard Chartered Reveal Latest Henry Hub Price Forecasts
J.P. Morgan and Standard Chartered outlined their latest Henry Hub gas price forecasts in reports sent to Rigzone recently.
7:00 PM EST | February 25, 2024
Oil Falls on Bearish Technical Signals
Oil fell as the lack of fresh drivers prompted some investors to exit positions ahead of the weekend and the dip below a key technical indicator accelerated selling.
7:00 PM EST | February 22, 2024
Oil Rises Amid Signs of Tighter Market
Oil rose to near the top of its recent trading range after a smaller-than-expected increase in US crude stockpiles added to signs of a tightening physical market.
7:00 PM EST | February 21, 2024
USA Diesel Price Down Year on Year
The average diesel price in the U.S. was $4.095 per gallon on February 22, according to AAA gas prices.
7:00 PM EST | February 21, 2024
Repsol Pledges EUR 10 Billion in Attempt Win Over Investors
Repsol SA will increase its dividend by 29 percent and buy back more shares.
7:00 PM EST | February 21, 2024
JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
J.P. Morgan and Standard Chartered revealed their latest Brent oil price forecasts in reports sent to Rigzone recently.
7:00 PM EST | February 21, 2024
Rystad Says European Gas Storage Is 65 Percent Full
'As Europe approaches winter's end with higher than normal gas in storage, the Title Transfer Facility forward curve continues to reflect a relatively subdued market'.
7:00 PM EST | February 21, 2024
Distinct Factors Drive High Gasoline Prices in California: OPIS
A surge in retail gasoline prices in California in 2022 and 2023 does not mean volatility at the pump level has heightened in recent years but instead reflects longstanding factors that are 'unique' in the state.
7:00 PM EST | February 21, 2024
Oil Edges Up in Choppy Session
Oil rose as traders weighed tightening physical supplies against financial markets that have remained under pressure.
7:00 PM EST | February 20, 2024
Venezuela's State Oil Company Bonds Collapse After Court Ruling
Bonds from state-owned Petroleos de Venezuela SA collapsed after New York State's top court ruled Venezuelan law will determine whether the debt is valid.
7:00 PM EST | February 20, 2024
Oil Falls on Monetary Policy Uncertainty
Oil fell as concerns about a longer period of elevated interest rates weighed on broader sentiment, countering signs of a tightening physical oil market.
7:00 PM EST | February 19, 2024
Standard Chartered Commodities Head Flags Improving Oil Market Fundamentals
The majority of the latest monthly balance reports point to improving oil market fundamentals, the Head of Commodities Research at Standard Chartered Bank noted in a report sent to Rigzone.
7:00 PM EST | February 19, 2024
Oil Settles at Highest Price This Year
Oil closed at its highest settling price this year as increasing tensions in the Middle East outweighed hotter-than-expected US inflation data that's damping the prospect of interest rate cuts.
7:00 PM EST | February 15, 2024
This Is What Drove the Recent Oil Price Rally
Macquarie strategists outline that a combination of factors drove the recent oil price rally.
7:00 PM EST | February 15, 2024
Oil Rises on Broader Risk On Sentiment
Oil rose as risk-on sentiment in broader markets cajoled traders back into crude, overpowering the International Energy Agency's forecast for slowing demand growth.
7:00 PM EST | February 14, 2024
Standard Chartered Reveals Where It Thinks Brent Oil Price Should Be
Analysts at Standard Chartered said they still do not think crude oil prices fully reflect the rapid tightening of the market or the recent escalation of geopolitical risk.
7:00 PM EST | February 14, 2024
Oil Falls as US Stockpiles Grow by 12 Million Barrels
Oil dropped after the US reported crude inventories rose 12 million barrels last week, the most since November.
7:00 PM EST | February 13, 2024
USA Gasoline Price Rising
The U.S. regular gasoline price is rising, according to the EIA's latest gasoline fuel update.
7:00 PM EST | February 13, 2024
SEB Commodity Chief Gives Rocket and Drone Warning in New Report
SEB's Chief Commodity Analyst offered a rocket and drone warning in a new report sent to Rigzone.
7:00 PM EST | February 13, 2024
Oil Rises as OPEC Forecasts Strong Global Demand
Oil rose after a bullish demand outlook from OPEC helped crude surpass a key technical level that had served as the ceiling of this year's narrow trading band.
7:00 PM EST | February 12, 2024
Oil Shows Minimal Change on Mixed Geopolitical Signs
Oil was little changed as traders weighed increasing military activity in the Middle East against diplomatic efforts to alleviate the conflict.
7:00 PM EST | February 11, 2024