Quotes from the news wire:
The market is supported by the general belief that the COVID endgame is in sight.
Found on Reuters 2 years ago
The weekend's developments provided us with a stark reminder that the coronavirus is currently an unstoppable force.
Found on Reuters 4 years ago
Today's weakness is just part of the general belief that the market is oversupplied.
Found on Reuters 7 years ago
Oil is down because Iran said they would only join the output freeze group once they reached production of 4 million barrels a day (bpd).
Found on Reuters 8 years ago
It seems to be a healthy upside correction in an otherwise downtrending market.
Found on Reuters 8 years ago
It's technical buying. It's pretty obvious shorts started to take profit when Brent prices dropped down to the 2008 low.
Found on Reuters 8 years ago
Oil is still bearish, logically speaking any price recovery, if there is any, will be more likely in the second half of the year.
Found on Reuters 8 years ago
Chinese GDP data and the rise in the Saudi stockpile due to falling crude oil exports are weighing on prices.
Found on Reuters 8 years ago
Investors holding short positions have already started to take profit ahead of the weekend after four days of decline.
Found on Reuters 8 years ago
Bullish rhetoric from OPEC is helping drive prices higher, rig count data is also supporting sentiment.
Found on Reuters 8 years ago
Geopolitical tension created by Russia's involvement in Syria makes cooperation with OPEC highly unlikely, but talk of such collaboration is supporting prices short-term.
Found on Reuters 8 years ago
The fall in rig counts (is) supporting an otherwise bearish market.
Found on Reuters 8 years ago
Today hopefully will (tell us) if the relatively stable performance of the last two days is a correction, or the market actually is about to bottom out. From the technical perspective it is probably the former.
Found on Reuters 8 years ago
The U.S. crude oil stocks build reported by the API last night is weighing on prices.
Found on Reuters 8 years ago
Markets are worried that a Greek debt default could hit European economic growth and thus fuel demand.
Found on Reuters 8 years ago
Markets are worried that a Greek debt default could hit European economic growth and thus fuel demand, capital controls are not bullish for the economy, and not bullish for oil. How much can you spend on gasoline if you can't withdraw more than 60 euros a day?
Found on Reuters 8 years ago
The oil market is generally oversupplied with high Saudi exports and OPEC is unlikely to cut production, the dollar is also weighing on the market.
Found on Reuters 8 years ago
The Libyan and Iraqi oilfield skirmishes are worrying, there are serious supply issues there.
Found on Reuters 9 years ago
We have some technical buying and pre-weekend short-covering.
Found on Reuters 9 years ago
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