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Stockpiles at a key storage hub in Oklahoma probably rose 1.2 million barrels last week, according to a Bloomberg survey of analysts released Monday. Despite encouraging talk on trade from President Donald Trump, the coming months still look unsettled, said Phil Streible, senior market strategist at RJO Futures in Chicago.- read more

Oil markets and outlooks made a sharp turn in 2018, quickly shifting from predictions of global shortages and $100-a-barrel crude to concerns about increasing supplies, weakening demand and another oil glut. The uncertainty of where oil market are heading

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  1. Pingback: The last time oil was this low, it surged 80 percent • Commodities

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Aramco

Crude oil prices could plunge lower

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Saudi Arabia has restored half of the crude product that was lost to devastating attacks on its oil industry, and the kingdom said output will be fully restored by the end of this month.

If we don’t see any new drone attackS on Saudi oil infrastructure we could see Crude oil prices going even lower. Before the oil attacks against Saudi oil infrastructure, the Crude oil prices were already heading lower.

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Commodities

No need to tap into Strategic Petroleum Reserve

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Harold Hamm, chairman, and CEO of Continental Resources on the drone wars and oil volatility.

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