Quotes from the news wire:
It's a continuation of directionless trade. We need more clarity on where the oil market is heading.
What we see still is extreme volatility, i would not be surprised to see prices retreating again by a big margin in coming days.
Found on Reuters 4 years ago
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The oil market is being literally flooded with OPEC crude oil at present.
Found on Reuters 5 years ago
Company News
A weaker U.S. dollar is lending prices buoyancy, as are comments made by the Saudi Arabian Oil Minister.
Found on Reuters 5 years ago
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Fears that fighting in Iraq and Yemen could hamper the oil supply have clearly given way to a more sober appraisal, such concerns are exaggerated. In actual fact, the oil supply from the region has continued to grow.
Found on Reuters 5 years ago
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This is just a technical rebound after the massive drop in previous days, i don't think we are there yet, given the fundamental backdrop.
Found on Reuters 5 years ago
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The weak demand increases the amount of supply that must be removed from the market.
Found on Reuters 5 years ago
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Unless we see a huge drop in U.S. stocks ... it will be bearish.
Found on Reuters 5 years ago
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