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Europe’s Slow-Reopening Economies Mirrored by Its Diesel Market

Europe’s diesel market is crawling toward recovery, mirroring an uncertain and uneven re-emergence of the continent’s largest economies from Covid-19.

bloomberg.com ,  23h 0
Europe’s Slow-Reopening Economies Mirrored by Its Diesel Market

Oil edges higher as traders prepare for OPEC+ decision on crude output

Oil futures drifted higher Tuesday, as traders await a meeting later this week of the Organization of the Petroleum Exporting Countries and its allies that will decide how much production to restore beginning next month.

marketwatch.com ,  1d 0
Oil edges higher as traders prepare for OPEC+ decision on crude output

Column: Hedge funds sell oil as bull run stutters - Kemp

LONDON (Reuters) – Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early November.

metro.us ,  3d 0
Column: Hedge funds sell oil as bull run stutters - Kemp

Oil prices on track for 4-day winning streak, trading at more-than-1-year highs

Oil futures rose Thursday, on track for a fourth straight winning session as crude tests levels last seen in January of 2020 as traders found reassurance in testimony this week by Federal Reserve Chairman Jerome Powell.

marketwatch.com ,  6d 0
Oil prices on track for 4-day winning streak, trading at more-than-1-year highs

Oil pushes higher, but traders eye inventory rise, OPEC+ meetings

Oil futures pushed higher Wednesday, but traders sounded a cautious note after an industry group reported an unexpected rise in crude inventories and the Organization of the Petroleum Exporting Countries and their allies prepared to meet next week.

marketwatch.com ,  7d 0
Oil pushes higher, but traders eye inventory rise, OPEC+ meetings

Oil prices lifted by sluggish return of Texas output, broader commodity rally

Oil futures continued to push higher Tuesday, lifted by expectations U.S. output curtailed by last week’s winter storms will be restored more slowly than initially anticipated as well as a broader rally across commodities.

marketwatch.com ,  8d 0
Oil prices lifted by sluggish return of Texas output, broader commodity rally

Oil prices end lower on talk of potential OPEC+ output increase

EIA reports 4th straight weekly fall in U.S. crude supplies Oil futures ended lower on Thursday, pressured by speculation that major oil producers may discuss an increase in production when they meet early next month.

marketwatch.com ,  13d 0
Oil prices end lower on talk of potential OPEC+ output increase

Column: Funds bought U.S. crude ahead of big freeze - John Kemp

FILE PHOTO: FILE PHOTO: Pump Jacks are seen at sunrise near Bakersfield LONDON (Reuters) – Hedge funds purchased more petroleum last week, but buying was almost entirely concentrated in WTI, which suggests it was driven by the prospect of freezing weather temporarily hitting U.S. oil production. Hedge funds and other money managers purchased the equivalent of 33 million barrels in the six most important petroleum-linked futures and options contracts in the week to Feb. 9. But the buying was concentrated in

metro.us ,  16d 0
Column: Funds bought U.S. crude ahead of big freeze - John Kemp

Oil ends higher on Middle East tensions, with global prices up over 5% for the week

Oil futures got a boost on Friday from rising tensions between the Iran-backed Houthis rebels and Saudi Arabia, prompting prices for global benchmark crude to tally a gain of more than 5% for the week. The Houthis’ military spokesman tweeted Friday that the Houthis’ air force hit an airport and air base in Saudi Arabia with drones, according to Reuters. Also on Friday, The Washington Times reported that the Biden administration revoked the State Department’s terrorist designations of the Houthi rebels.

marketwatch.com ,  19d 0
Oil ends higher on Middle East tensions, with global prices up over 5% for the week

U.S. oil benchmark threatens to snap 8-day winning streak

OPEC trims 2021 demand forecast Oil futures lost ground Thursday, putting major benchmarks on track to end an extended run of gains. West Texas Intermediate crude for March delivery CL.1 CLH21 , the U.S. benchmark, fell 35 cents, or 0.6%, to $58.33 a barrel on the New York Mercantile Exchange. WTI has gained ground for eight straight sessions. April Brent crude BRN00 BRNJ21 , the global benchmark, was off 41 cents, or 0.7%, at $61.06 a barrel on ICE Futures Europe, threatening to end a nine-day winning

marketwatch.com ,  20d 0
U.S. oil benchmark threatens to snap 8-day winning streak

Oil hovers near unchanged after Brent tops $60 a barrel

Oil futures trade slightly higher Tuesday, a day after Brent crude, the global benchmark, traded above $60 a barrel for the first time in more than a year. The U.S. benchmark, West Texas Intermediate crude for March delivery CL.1 CLH21 was up 6 cents, or 0.1%, at $58.04 a barrel on the New York Mercantile Exchange. April Brent crude BRN00 BRNJ21 was up 16 cents or 0.3%, at $60.72 a barrel on ICE Futures Europe. Oil... Oil futures trade slightly higher Tuesday, a day after Brent crude, the global benchmark,

marketwatch.com ,  22d 0
Oil hovers near unchanged after Brent tops $60 a barrel

London Finance Takes Another Hit as Carbon Market Goes to EU

Photographer: Simon Dawson/Bloomberg Intercontinental Exchange Inc. plans to move its 1 billion-euro ($1.2 billion) daily market for European carbon emissions contracts to the Netherlands from London in a blow to the U.K.’s attempts to build a green finance powerhouse after Brexit. Stuart Williams, president of ICE Futures Europe, said the decision to shift the business into the European Union will help traders and investors “manage climate price risk in the most cost-effective and seamless manner.” The

bloomberg.com ,  24d 0
London Finance Takes Another Hit as Carbon Market Goes to EU

London Finance Takes Another Hit as Emission Trading Moves to EU

Photographer: Simon Dawson/Bloomberg Intercontinenal Exchange Inc. plans to move its 1 billion-euro ($1.2 billion) daily market for European carbon emissions contracts to the Netherlands from London in a blow to the U.K.’s attempts to build a green finance powerhouse after Brexit. Stuart Williams, president of ICE Futures Europe, said the decision to shift the business into the European Union will help traders and investors “manage climate price risk in the most cost-effective and seamless manner.” The

bloomberg.com ,  24d 0
London Finance Takes Another Hit as Emission Trading Moves to EU

Oil boosted as OPEC output appears to rise less than expected

Oil futures gain ground Monday, buoyed in part by a survey indicating crude output by the Organization of the Petroleum Exporting Countries rose less than expected in January. West Texas Intermediated crude for March delivery CL.1 CLH21 rose 36 cents, or 0.7%, to $52.56 a barrel on the New York Mercantile Exchange. April Brent crude BRN00 BRNJ21 , the global benchmark, was up 55 cents, or 1%, at $55.59 a barrel on ICE Futures Europe. A Reuters survey found that OPEC members pumped 25.75 million barrels

marketwatch.com ,  1m 0
Oil boosted as OPEC output appears to rise less than expected

COLUMN-Oil prices stall, hedge funds cautious buyers: John Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 1 (Reuters) - Hedge funds purchased more petroleum futures and options last week, but the rate of buying remained cautious as positions become stretched and upward momentum on prices has stalled for the time being. Hedge funds and other money managers purchased the equivalent of 24 million barrels in the six most important petroleum futures and options contracts in the week to Jan. 26 (tmsnrt.rs/3cubvwp). Portfolio managers

reuters.com ,  1m 0
COLUMN-Oil prices stall, hedge funds cautious buyers: John Kemp