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By Tsvetana Paraskova China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds … Read more
By Tsvetana Paraskova The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology … Read more
by Kimble Charting The 4-month rally has been broad-based, with other risk-on assets like crude oil rallying in stride. This isn’t a surprise, as crude oil will often perform in line when the … Read more
By Tsvetana Paraskova Oil prices dropped early on Wednesday after the API reported on Tuesday a surprise U.S. crude build that outweighed earlier bullish news of a coup attempt in … Read more
by Kimble Charting Crude Oil and the S&P 500 peaked last fall together and bottomed at the same time in December. Could they both be peaking together again this week? Joe Friday suggests keeping … Read more
By Haley Zaremba When it comes to its strategic petroleum reserves–and most other things, for that matter–China keeps its cards close to the vest. While tight-lipped government agencies have not … Read more
By Irina Slav Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority … Read more
by Kimble Charting Crude Oil, Stocks, and Yields have experienced a high degree of correlation over the past few months. All three peaked together near the end of September and all … Read more
by howmuch Crude oil is a fossil fuel derived from marine plants and animals that died millions of years ago, before the dinosaurs. In its liquid form, crude oil can be … Read more
By Irina Slav More than eight million barrels of Venezuelan crude oil is sitting in tankers as U.S. sanctions are preventing the country from selling the commodity worth about half … Read more
Crude oil is one of the world’s most demanded commodities and its price fluctuations make it very attractive to traders. With a strong trading plan and strategy, investing in crude … Read more
By Irina Slav Venezuela will continue trading with the United States despite the fact Washington broke off diplomatic relations following president Nicolas Maduro’s inauguration for a second term in office, … Read more
by Tom McClellan If you want to know what long term bond yields are going to do, you don’t need some fancy econometric model that incorporates GDP growth, unemployment rates, factory … Read more
By Nick Cunningham “The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade … Read more
With Mattis gone, the Middle East’s oil landscape uncertain, says John Kilduff from CNBC. Oil prices fall in line with another decline across global stock markets on concern about … Read more
by Jesse Colombo Crude oil’s plunge continued on Tuesday due to fears of a growing glut and economic slowdown. West Texas Intermediate crude oil fell 7.3% to $46.24 a barrel, … Read more