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Crude oil futures are expected to maintain their bullish momentum in the week of Jan. 10 despite rising COVID-19 cases worldwide, as investors remained confident that the longer-term outlook for oil demand and supply will likely be tight. ICE March Brent crude futures stood at $81.89/b at 0200 GMT Jan. 10, up 14 cents/b, or . ....
Crude oil markets started the Dec. 6-10 trading week higher, with optimism for crude’s near-term outlook building after the release of Saudi Aramco’s January crude official selling prices, which analysts said demonstrated confidence in the market. ICE February Brent crude futures stood at $71.47/b at 0300 GMT Dec. 6, up $1.59/b (2.28%) from the Dec. . ....
November-loading heavy sweet crude cargoes have traded at lower prices than for October despite initial expectations of increases on the back of gas-to-oil switching by power utilities amid amid skyrocketing LNG prices, market sources said Oct. 12. Most recently, Petronas was heard to have sold via tender a 600,000-barrel cargo of Sudan/South Sudan’s Dar Blend . ....