Trump says no more Venezuelan oil or money to go to Cuba
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Crude futures rise for a third straight session with tensions in Iran keeping a bid in the market. “We’ve priced in a lot of geopolitical risk premium the last couple of sessions,” says John Kilduff of Again Capital.
The light sweet crude oil market has fallen a bit in the early hours of Friday trading, along with the Brent market. However, both have now turned around and are threatening a breakout.
We would like to use the recent, geopolitically driven rally in the crude oil price to short Brent around $63 as we believe that ample supply is likely to drive the price lower again. We place our stop loss above the 9 October high at $66.
As a new oil trading year begins, here's why crude futures continue to trade at or near their lowest levels in five years, despite heightened geopolitical tension.
Crude oil futures edged lower Monday, as loadings reportedly resumed at Russia's Novorossiysk export hub on the Black Sea after a two-day suspension following a Ukrainian drone attack. The attack on the key port, along with Iran’s seizure of an oil ...
Shell warned that a weak oil-trading performance would weigh on its earnings, compounding what is shaping up to be a challenging period as prices continue to slide.
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Oil ETFs Rise as Investors Hedge Crude Futures Exposure
Oil exchange-traded funds opened higher on Tuesday, tracking a rise in crude futures as investors weigh the immediate supply impact from Venezuela and hedge their market exposure.
Explore why Vanguard Energy Index Fund ETF Shares and State Street® Energy Select Sector SPDR® ETF are rated Holds, with strong yields and outperformance over oil.
December WTI crude oil (CLZ25) today is up +1.17 (+2.04%), and December RBOB gasoline (RBZ25) is up +0.0352 (+1.99%). Crude oil and gasoline prices are up sharply today, reaching one-week highs. Crude prices jumped today after India's Mint newspaper ...
Shell Plc said its oil trading performance worsened in the fourth quarter as crude prices slumped, adding to signs that Big Oil is heading into a tougher earnings season.
Donald Trump’s decision to take over Venezuelan oil could potentially play into India’s hands. With sanctions on Russia, could India benefit from the South American nation’s crude?
President Donald Trump may have significantly disrupted the global oil industry by removing Venezuelan President Nicolás Maduro from the country and bringing him to the U.S. to face criminal charges.