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Crude Trades Sideways, Products Take Another Knock

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Crude oil futures contracts traded sideways on Wednesday, with analysts saying that prices are in a holding pattern as various supply and demand forces are assessed.

Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Products, Diesel/Gasoil, Gasoline, Oil Forecasts
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Petroleum futures started February on a bearish note, clobbered by news of a larger-than-expected inventory increase in the US.
Wed, Feb 1, 2023
Russia's January crude oil exports soared by nearly 14% versus December, surpassing the levels seen before the start of the war in Ukraine.
Thu, Feb 2, 2023
The March Brent contract shed 41¢ and settled at $84.49/bbl on Tuesday, while the front-month WTI March contract gained 97¢ and closed at $78.87/bbl.
Tue, Jan 31, 2023