Crude is lower in early trading this morning, continuing yesterday’s losses. Prolonged uncertainty in the US election is weighing on markets as Trump is suggesting the election process is not playing out fairly. Trump has begun filing lawsuits in several states to remedy what he believes are illegal practices in the election process. So far […]
Oil prices are rising this morning despite rising coronavirus cases worldwide. Russia declared they would be willing to maintain deeper production cuts in 2021 if required, though they left open the question of what will be required. Looking ahead, Goldman Sachs reiterated its bullish stance on oil prices in 2021, with rising inflation and a […]
WTI crude finished the week relatively unchanged after an up and down week of trading. OPEC met on Monday and reiterated that it would support a balanced market. Saudi Arabia stated, “No one should doubt the group’s commitment to providing support.” Still, the group did not formally commit to maintaining current production levels. Markets are […]
