Amid a better-than-expected U.S. GDP print and a slightly softer dollar, oil prices are on the rise today. Gasoline, however, is on the move lower - and something we hone in on for today's blog. Hark, here are five things to consider in oil (and gasoline!) markets today:
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As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers. With that in mind, hark, here are five things to consider in oil markets today:
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It is national forget-me-not day, something it is impossible to do with OPEC amid an onslaught of monthly oil reports. Today's bearish-tilted monthly report from the IEA is combining with a stronger dollar to send crude lower, while an OPEC meeting looms in less than three weeks. Hark, here are six things to consider in oil markets today.
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Prices are trying to clamber higher today amid promises from OPEC that a production cut is on the cards, while battling against the gale-force headwinds of a stronger dollar. As oil infrastructure at Cushing, Oklahoma (the pipeline crossroads of the world!) appears to be virtually unscathed after a magnitude 5 earthquake last night, hark, here are five things to consider in oil markets today:
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