Not exact matches
But the rise
in Treasury yields
above 3 percent has driven the value of the U.S. dollar to three - month highs, which may pose a threat to a more pronounced rally
in the
crude price.
For the first time
in months, oil industry officials are hopeful that
crude prices could stick
above $ 50 per barrel.
The good news, according to gas
price analysts at Kent Marketing Services (formerly M. J. Ervin & Associates), is that significantly lower gas
prices of just
above a dollar a litre are probably coming to Canada this fall, based on what's already happened
in crude markets.
July 2016 Oil and Gas
Prices Global
crude markets showed resilience
in June when both Brent and WTI rallied to a 2016 high
above $ 51 / bbl, due to continuing outages
in Nigeria and Canada, as well as a 1.7 % decline
in U.S. production.
The US oil - rig count plateaued near the highest level
in three years and showed signs of declining
in late March (to 797), though it still stood 50 rigs
above the year - end 2017 total.2 This contributed to expectations for a further increase
in American
crude production, which has topped 10 mb / d each week since early February, when WTI
prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of
crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.
Angola's
crude exports fall to lowest since at least 2008 OPEC disruptions could send
prices above $ 80 a barrel: BofAML While plunging output
in Venezuela captures the oil world's attention, Continue Reading
After a quarter - long consolidation, West Texas Intermediate
crude oil
prices broke
above a key technical level of $ 66 per barrel
in early April, the highest level since 2014, offering an indication the current uptrend remains intact.
As the wildfires burned, Brent
crude oil
prices soared
above $ 50 per barrel for the first time
in 2016.
I have been convinced that
crude oil
prices will inevitably find a bottom
in 2012 that is well
above the
prices we saw
in 2011 — well
above $ 100 a barrel
in global average
price.
Crude oil
prices are clearly trading
above their 20 and 100 - day moving average as this has now become one of the strongest trends
in 2018 as I think this will start to support the precious metals and the agricultural market down the road.
Strong demand for
crude oil and the entire energy sector continues to push
prices higher as I still think we will trade
above the $ 70 level
in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see
in my opinion.
With U.S.
crude prices now 25 %
above their March lows, U.S. exploration and production companies are considering a resumption
in drilling.
After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed
price for synthetic
crude from oil sands projects which, had it been followed until today, would have been
above the Canadian dollar
price of WTI
in -LSB-...]
Canada's resource sector has been slammed as the
price of
crude has fallen from a high
above $ 105
in June 2014 to below $ 40 over the past few months, just as other commodities are at or near multi-year lows.
It's also worth noting that many big banks as well as the IEA now admit that peak conventional
crude oil
in now, and current spot
prices for oil are
above $ 100 like before the crash.