Crude

Crude’s long-term outlook remains bullish

By Fawad Razaqzada | August 10, 2016

The American Petroleum Institute (API), an industry group, reported a sharper-than-expected 2.1 million barrel rise in U.S. weekly crude stockpiles. As a result, hopes that the official data from the EIA would reveal a 1.3 million decrease – the first decline in two weeks – were dashed.

World stocks hit one-year high as U.S. data saps dollar, bond yields

By John Geddie, Reuters | August 10, 2016

World stocks hit a new one-year high today, while the dollar and benchmark government bond yields sank and precious metals rose after weak U.S. productivity data again pushed back expectations of a Federal Reserve rate hike.

Saudi’s long hot summer

By Phil Flynn | August 10, 2016

Crude once again takes the spotlight

By Craig Erlam | August 9, 2016

In what is one of the quieter weeks on the economic data side, oil has once again taken the spotlight after WTI crude dipped briefly below $40 a barrel last week for the first time in almost four months. Oil entered into a bear market at the end of last month and even now remains just under 20% below its highs from June as oversupply continues once again resurfaced.