Commodity Prices

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Commodity News

Oil Rises to Settle Above $71

Friday, June 02, 2023Oil climbed alongside risk assets, with attention focusing on this weekend's OPEC+ meeting in Vienna.

Angola Cuts Fuel Subsidy

Friday, June 02, 2023Angola reduced its gasoline subsidy.

Increasing Refinery Runs Should Tighten Direct Crude Balances

Friday, June 02, 2023'We are slightly bullish on direct crude balances'.

Oil Rises Alongside Equity Markets

Thursday, June 01, 2023Oil jumped alongside broader equity markets, with traders embracing risk assets and largely overlooking a bearish US stockpile report.

Which USA Region Pays the Most for Gasoline?

Thursday, June 01, 2023The U.S. Energy Information Administration's latest fuel update has revealed which U.S. region pays the most for regular gasoline.

Oil Falls Amid Weak Economic Recovery in China

Wednesday, May 31, 2023Oil extended this week's decline as China's lackluster economic recovery outweighed an optimistic US jobs report.

Gasoline Prices Almost Triple in Nigeria

Wednesday, May 31, 2023Nigeria's state oil company almost tripled the pump price of gasoline.

Oil Plummets as Physical Market Shows Copious Supplies

Tuesday, May 30, 2023Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.

Is There a Danger That Oil and Gas Runs out of Financing?

Monday, May 29, 2023Rigzone speaks to Citi's Global Head of Commodities Research and a Global Oil and Gas Strategist at Macquarie Group.