Baker Hughes US oil rig count 496 vs 504 prior

Oil rigs -8 Gas rigs +1 The response to the recent oil price bump has been muted. That might reflect the calendar more than sentiment but we will get a better idea once 2024 budgets begin rolling out. From what I’ve seen so far there is a strong commitment to capital discipline but Exxon, for

Oil edges higher, eyes on Venezuela after opposition primary suspended

Earlier this month, the US granted Venezuela sanctions relief in exchange for holding fair elections this year. That plan appears to be unravelling quickly as yesterday Venezuela’s electoral court said it is suspending opposition primaries days after President Nicolas Maduro called the vote a fraud. To be fair, the 93% primary vote for María Corina

Brent Crude Oil Starts the Week on the Back Foot as ‘War Premium’ Subsides

Oil (Brent Crude) News and Analysis The weekend premium was deflated on Monday as markets look to the Fed Oil heads lower after respecting resistance at $89 a barrel EU data underscores growth slowdown in major economies The analysis in this article makes use of chart patterns and key support and resistance levels. For more

Crude Oil Steadies as Markets Assess Middle East Risks Ahead of the Fed

Crude Oil, WTI, Brent, US Dollar, Gold, FOMC – Talking Points Crude oil might be in for some sideways price action as the Middle East conflict unfolds Haven assets remain desirable amongst the noise and volatility as gold surges The markets appear poised with range trading across many markets Recommended by Daniel McCarthy Get Your

WTI & Brent oil down, equity stock indexes up – Sunday evening futures trade opens

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United States CFTC Oil NC Net Positions down to 300.8K from previous 306.4K

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