ENTITY

Crude Oil (CL1 COM COMDTY)

756
Analysis
EnergyUnited States
Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
more
Refresh
bearishCrude Oil
09 May 2024 22:49

Balanced Fundamentals To Soften Crude Oil Prices

​US crude oil inventory decreased, EIA predicts higher global liquid fuels production, and OPEC's spare capacity to remain around 4 million bpd...

Logo
229 Views
Share
bullishCrude Oil
11 Apr 2024 15:32

EIA Lifts Price Forecast on Higher Oil Consumption Plus Tighter Supply

EIA's April STEO reveals upward revisions in global oil consumption, production, and price forecasts. It also raises forecast on gasoline prices...

Logo
440 Views
Share
bullishCrude Oil
05 Apr 2024 22:57

Oil Prices Surge on OPEC+ Decision, US Inventory Buildup Slows Momentum

OPEC+ holds firm on output targets, propelling oil prices higher amid supply fears and geopolitical tensions. US inventory buildup tempers gains.

Logo
402 Views
Share
bullishCrude Oil
04 Apr 2024 21:32

Dominant US Crude Production Has Transformed the Importance and Size of Strategic Petroleum Reserve

US SPR is at a forty-year low. Should that be a source of concern? Perhaps not. As the world’s largest crude producer, USA is self-reliant on crude...

Logo
328 Views
Share
bullishCrude Oil
03 Apr 2024 18:22

Rising Geopolitical Tensions Propel Crude Oil Even as OPEC+ Will Likely Stay the Course

​Oil prices are rising due to expectations of OPEC+ maintaining supply cuts, while improved global demand and Russia's focus on reducing output...

Logo
262 Views
Share
x