Oil market to OPEC: Show me the data
OPEC's extended oil supply deal faces a litmus test in the next couple of months while summer demand kicks in, as wary oil traders and investors will need evidence, rather than reassurance, that rebalancing is underway. The Organization of the Petroleum Exporting…
The Latest Oil Bet: From Too Much to Too Little
Oil investors are finally buying into the notion that the biggest risk to the price now is likely to be supply falling short of demand, rather than from any stubborn overhang of unwanted crude, the options market shows. The price of Brent crude has hit $52 a barrel…
Iran-Saudi Row Threatens OPEC Output Deal
No decision on output ceiling expected at June 2 meeting. OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear. Less than six months after the lifting of Western sanctions, Iran is close to regaining normal oil export volumes…
Some U.S. Fund Managers Still Bet on Oil
Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle Deep Value…
Burned by Oil, Some US Fund Managers Still Bet on Rebound
Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle Deep Value…
Goldman Slashes 2015 Oil Price Forecast
Goldman says brings forward medium-term bearish outlook; sees Q1 2015 WTI crude at $75/bbl vs $90/bbl previously and sees Q1 2014 Brent at $85/bbl vs $100/bbl previously. Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions…
Oil Slips after Big Jump in US Crude Stocks
Oil slipped towards $86 a barrel on Wednesday after a U.S. government report showed a large rise in crude stocks, halting a tentative recovery from a four-year low. Global benchmark Brent reversed course after the U.S. Energy Information Administration said crude inventories rose by 7.11 million barrels…
Oil Above $86, Recovery Holds
U.S. crude stocks rise less than expected - API. Oil edged further above $86 a barrel on Wednesday after an industry report showed a smaller-than-expected rise in U.S. crude inventories, extending a tentative recovery from a four-year low. Global benchmark…
