|Day's Range||59.76 - 60.06|
Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, analysts said.
The United States didn’t import any crude oil from Venezuela in the week to March 15, for the first time ever since the EIA began tracking weekly U.S. crude oil imports
Bears finally gain control over price action of major cryptos but increased mining activity of bitcoin could be a sign that bulls are likely to resume upside price action in near future.
CAD gained the upper hand on positive crude oil price. Investors now await macro data updates for directional cues.
Silver markets gapped higher at the open on Thursday, then shot higher only to give back the gains. Because of this, it looks like we will continue to struggle overall.
Crude oil markets continue to rally during the Thursday session, as we see plenty of buyers jumping into the market on dips. Looking at the chart, we have broken out and we are ready to go higher.
The British pound fell during trading on Thursday, reaching towards the ¥145 level. This is an area that is going to be crucial for several different reasons, so it’s likely that there is a significant amount of support in this general vicinity.
The Euro initially tried to rally during trading on Thursday but gave back the gains that we had seen early, only to wipe out quite a bit of the gains on Wednesday.
Marathon Petroleum Stock Is Volatile in Q1(Continued from Prior Part)Short interest in Marathon Petroleum So far in this series, we reviewed Marathon Petroleum’s (MPC) stock performance, moving averages, stock price forecast range, and dividend
Marathon Petroleum Stock Is Volatile in Q1(Continued from Prior Part)Institutional holdingsIn the previous part, we reviewed Marathon Petroleum’s (MPC) dividend yield. Now, we’ll see which institutions bought or sold the stock in the fourth
The oil-price collapse of 2018 should have sent a clear message to producers to change production behavior or risk another price crash going forward
The United States became the world’s top oil producer in February, and now it may use its leverage to reinforce its position as a geopolitical force
The United States has started to target vessels that are transporting Iranian crude oil in violation of sanctions, threatening repercussions to shippers without a sanction waiver
With the recent giant discoveries of the Tamar, Zohr and Leviathan fields in the East-Mediterranean, both Egypt and Israel are vying to become the region’s next energy hub
Marathon Petroleum Stock Is Volatile in Q1(Continued from Prior Part)Expected price range In the previous part, we discussed the trend in Marathon Petroleum’s (MPC) moving averages. Now, we’ll discuss the company’s implied volatility to
Marathon Petroleum Stock Is Volatile in Q1(Continued from Prior Part)Marathon Petroleum’s moving averages In this part, we’ll discuss the trend in Marathon Petroleum’s (MPC) moving averages in the first quarter. First, we’ll see how Marathon
The shipments were loaded onto tankers with documents showing the fuel oil was Iraqi. The transfers show at least some Iranian fuel oil is being traded despite the reimposition of sanctions in November 2018, as Washington seeks to pressure Iran into abandoning nuclear and missile programs. While the United States has granted eight countries temporary waivers allowing limited purchases of Iranian crude oil, these exemptions do not cover products refined from crude, including fuel oil, mainly used to power the engines of large ships.
Anti-government protests in the North African country of Algeria intensified last weekend and industry watchers are already drawing parallels with its eastern neighbor Libya
Brazil's state-run oil giant Petróleo Brasileiro SA was also executing a part of its annual oil hedge last week, dealers and banking sources said. Canadian oil is priced against U.S. crude futures, and producers use a combination of the benchmark futures and other financial tools to protect against fluctuations in prices. Average U.S. crude prices for the rest of 2019 and 2020 hit their highest in four months, with 2019 prices reaching a high of $60.34 a barrel on Tuesday.
Transocean (RIG) secured contracts for two of its drillships, namely Mykonos and Corcovado, which were acquired as part of Ocean Rig buyout in December 2018.