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Brazilian oil production increased last month and is now estimated to be approaching 2.8 million b/d. Growth has reached 8% year-on-year. The Lula field, in the pre-salt Santos Basin, has been the largest producer. More than 95% of the country's total oil production now comes from offshore fie...
The American Petroleum Institute reportedly shows a draw of 7.23M barrels of oil for the week ending Sept. 6, following a 400K-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude...
U.S. crude oil futures ( USO -0.6% ) suddenly turn lower after Pres. Trump said he fired national security advisor John Bolton; WTI -0.2% to $57.74/bbl, Brent +0.3% to $62.80/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Cr...
EIA reported a very bullish oil storage report this week. Products and crude drew higher than normal and the big 4 storage is set to fall below the five-year average in the coming week. In August, the big 4 (crude, gasoline, distillate, and jet fuel) all drew seasonally higher with product...
Crude oil prices ( USO +2.3% ) enjoy strong gains after Saudi Arabia's newly chosen energy minister , Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in the country's oil policy. More news on: The United States Oil ETF, LP, Helmerich & Pay...
Editor's note: Seeking Alpha is proud to welcome Rob Pinkerton as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Essential. Click here to find out more » There is a world ...
Oil prices kept an upward momentum for the second week running, with Brent finishing at $61.54 per barrel and WTI advancing to $56.52. Bullish sentiment returned to the market after the US and China agreed to hold trade talks in October that renewed hopes for a resolution to their dispute. ...
Originally published on 3 Sept. 2019 By Bluford Putnam After a quiet start, the hurricane season is expected to pick up steam in the fall, likely disrupting oil production and exports in the US Gulf of Mexico. Editor's Note : The summary bullets for this article were chosen ...
The price action in the crude oil market has reflected the bullish and bearish price forces that are pulling the price of the energy commodity in opposite directions. On days when the price is under pressure, it feels like it's only a matter of time until oil will fall below the $50 per barr...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower. This expectation did not play out as key demand was tested an...
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Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. In conjunction with this announcement, Olo will host a conference call ...