Crude oil futures settle up $0.22 at $88.90 Crude oil futures closed higher by $0.20 at $88.90, despite a volatile trading day. The price traded as high as $92.52 before reversing sharply lower to $87.11. The technical bias remains to the downside, with the price
Analysts cite higher marginal costs and tightening supply as key drivers for the revised oil price target. Bernstein Research has set a $75 per barrel long-term oil price target for equity valuations, reflecting rising marginal costs and shrinking reserves. The projection
Analysts cite higher marginal costs and tightening supply as key drivers for the revised oil price target. Bernstein Research has set a $75 per barrel long-term oil price target for equity valuations, reflecting rising marginal costs and shrinking reserves. The projection
Weekly trading volume for crypto-based commodity perpetual contracts jumped to $25 billion from $38.1 million in three months. On-chain commodity perpetual contracts recorded the fastest growth in crypto derivatives during Q1 2026, with weekly volume skyrocketing to $25 bi
Oil prices fluctuate as traders weigh a potential 60-day US-Iran truce against ongoing Middle East tensions and unresolved disputes. West Texas Intermediate crude oil erased earlier gains to trade near $88 per barrel after reports of a preliminary US-Iran agreement. Prices
Oil prices fluctuate as traders weigh a potential 60-day US-Iran truce against ongoing Middle East tensions and unresolved disputes. West Texas Intermediate crude oil erased earlier gains to trade near $88 per barrel after reports of a preliminary US-Iran agreement. Prices
Norwegian oil and gas companies have raised their investment forecasts for 2026 and 2027 compared to estimates three months earlier, though overall capital spending is still on track to decline slightly from the 2025 record. The companies now expect 2026 capex to clock in
Norwegian oil and gas companies have raised their investment forecasts for 2026 and 2027 compared to estimates three months earlier, though overall capital spending is still on track to decline slightly from the 2025 record. The companies now expect 2026 capex to clock in
Crude oil inventories in the United States decreased by 3.3 million barrels during the week ending May 22, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday The decrease brings commercial stockpiles to 441.7 million bar
Crude oil inventories in the United States decreased by 3.3 million barrels during the week ending May 22, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday The decrease brings commercial stockpiles to 441.7 million bar
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