Oil Rebounds on Russia Sanctions

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

Yesterday, oil started the session over2% lower after OPEC officials scrapped plans for an emergency meeting in February.  OPEC+ plans to keep to its scheduled meeting coming up in March.  Russia is still considering the further cuts of 600 kbpd suggested by Saudi Arabia.  Russia’s Energy Minister Alexander Novak and his Saudi Arabian counterpart Prince […]

Prices Rebound after Huge Drop on Friday

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

The turkey hangover seeped into markets on Friday, bringing the largest price drop since October. WTI crude gave up just shy of $3/bbl, falling from over $58/bbl to just above $55/bbl. This morning, prices are rallying back once again. Crude oil is trading at $56.39, up $1.22 cents. Fuel prices also crashed lower, with diesel […]

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