Though yesterday saw prices make a slow start, WTI crude moved higher throughout the day to close above $60/bbl for the first time since January 2020. This morning has seen the market flip flop between gains and losses as traders try to make sense of the winter storm plaguing the US. Reportedly one-third of all […]
Hang on for wild oil, copper ride in commodity supercycle: Goldman’s Currie The oil market is being swept up in a commodity supercycle, with huge upside risk to a target price of $65/b, according to Jeff Currie, head of commodity research at Goldman Sachs, who added key metals such as copper are already at supercycle […]
After a week of rallying prices, oil markets are taking a breather. Crude oil prices are pulling back slightly, and fuel prices are seen varying degrees of losses as well. The strike in Norway continues to escalate, becoming a surprisingly important global oil event. Protesters have warned that if no concessions are made on wages […]
WTI crude finished higher this week. After heavy speculation over the weekend about the President’s health, the market rose on Monday on news that Trump was recovering from the coronavirus. News of his recovery erased much of the previous week’s losses to start this week. Trump called for a halt to stimulus negotiations, then reversed […]
