Oil Price Rally Surprises Speculators

Copyright © 2021 Energy Intelligence Group

The price rally that lifted US oil futures by nearly $4 in just three days this week came as a surprise to speculators that had just increased their bets on lower prices — and their scramble to reverse those positions helped push oil even higher.

US natural gas futures tumbled into the weekend, capping another volatile week.
Fri, Oct 15, 2021
China has issued additional quotas for independent refiners that should boost the country's crude imports.
Fri, Oct 15, 2021
The IEA has topped up its 2021 oil demand forecast to reflect switching triggered by the recent spike in prices for other fuels.
Thu, Oct 14, 2021