News

Feb

23

Oil prices will rally ‘sooner and higher.’ Expect $75 Brent crude this year, says Goldman Sachs

How much higher can oil prices climb this year? Try $75 a barrel.


Feb

10

Oil hits highest level in over a year with demand expected to recover as COVID-19 vaccine expands

Oil hits highest level in more than a year with demand expected to recover as COVID-19 vaccine expands
• WTI Crude and Brent oil surged 2% on Monday to hit their highest levels in more than a year.
• The recovery in oil prices has been driven by an expected boost in demand as COVID-19 vaccines allow the economy to open up and enable more traveling among consumers.
• Oil supply has also tightened in recent weeks as Saudi Arabia cut its production levels.


Feb

04

Oil finishes at 1-year high after modest weekly decline in U.S. crude inventories

Oil futures climbed on Wednesday to end at another one-year high, finding support from expectations that economic stimulus measures will boost energy demand and a modest weekly decline in U.S. crude inventories.


Feb

02

Biden Drilling Ban Leaves Majority of U.S. Production Untouched

• U.S. may lose up to 200,000 barrels a day out of 11 million
• Rystad analyst doesn’t see short-term price impact from ban