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The American oil industry is facing a doomsday scenario. The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply.
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Dầu giảm giá khi đồng Đô la tăng giá, dữ liệu kinh tế không tích cực

Dầu đã giảm vào sáng thứ Hai tại châu Á, sau khi ghi nhận ​​đợt sụt giảm mạnh nhất trong gần 4 tuần do sự kết hợp của đồng Đô la mạnh hơn, dữ liệu kinh tế Mỹ không tích cực và số ca nhiễm COVID-19 toàn cầu ngày càng tăng. Giá dầu Brent giao sau giảm 0,55% xuống 54,54 USD lúc 8:33 PM ET (1:33 AM GMT)
What are some of the most famous "BlackSwan" Events in history? #Knowledge##NegativeOilPrice##NewTraders#

Oil Industry Talent Has Fled Or Been Fired, So What Comes Next?

Talk of a talent shortage when the oil industry is laying off workers en masse may sound counterintuitive. However, a few years from now, the industry will recover, if its past cyclical boom-and-bust nature is any guide. And when that happens, the oil industry will have to hire again. But it may not

Crude Oil Price Forecast – Crude Oil Markets Breakthrough Moving Averages

The crude oil markets fell during the trading session on Friday, breaking through minor support levels to show signs of accelerating negative momentum. WTI Crude Oil The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Friday, slicing through the 50 day EM

U.S. oil benchmark ends below $40 a barrel, down over 7% for the week

Oil futures declined on Friday, with the U.S. benchmark ending below $40 a barrel for the first time since early July, contributing to a loss for the week as concerns over prospects for demand, losses in the stock market, and strength in the U.S. dollar pushed prices to their lowest since July. Oil

WTI Drops Below $40 Amid Stock Market Rout

Oil prices tumbled on Friday morning, preparing to finish out the week $3 per barrel less than last Friday’s level. It is the largest weekly drop since June. U.S. oil futures were already at their lowest point since July on Wednesday. At 11:00 am EDT, the WTI spot price was $40.26 (-2.68%), nearly $

Prevailing Macros Trigger Selling Pressure on Crude Oil Prices

Crude oil prices ended the last trading session on a bearish note. Growing concerns on improved crude oil output amid a shortfall in energy demand reversed all the gains recorded in the energy market over the past few weeks. Both International oil benchmarks had their forward curve widened last week

Class Action Filed Against E*Trade for Negative US Oil Prices

Photo: Bloomberg When US oil prices went negative for the first time in history back in April of this year, traders and brokers alike were caught off guard. In recent days a class action lawsuit has been filed against E*Trade, based on accusations that the brokerage didn’t adequately warn investor

US: EIA Crude Oil Stocks Change at -4.5 million in week ending August 7

Crude Oil Stocks Change in the US was -4.5 million barrels in the week ending August 7th, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. This reading came in lower than the market expectation for a decrease of 3.2 million barr

Oil to trade sideways to lower – Rabobank

Analysts from Rabobank expect sideways to lower oil price action for the balance of this year. According to them, not enough attention has been paid to the “enormous” stockpile of drilled but uncompleted wells (DUCs) amassed in the Permian Basin. Key Quotes:  “Little has been said about the enormous

How soon will Brent cover the gap?

With price wars between Saudi and Russia, to negative oil prices all during the Coronavirus, Oil has had one of its most turbulent year to date. However, deep cuts from OPEC and a resurgence in oil demand has helped oil prices stabilize around the $40 mark – with Brent peaking just under $43.929, ju

Pull-up Update

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