oil prices – Icarus Signals. The home of economic insight

Oil Prices Went Negative A Year Ago: Here’s What Traders Have Learned Since

Posted on April 21, 2021 by TeamIcarus | 0 Comments

It’s been a year since U.S. benchmark West Texas Intermediate crude futures made history by trading and settling in negative territory, and while prices have recovered to trade above pre-COVID…

Oil Prices Dip On Mixed Supply And Demand Outlook

Posted on April 12, 2021 by TeamIcarus | 0 Comments

Both crude contracts on track for 2-3% drop this week but far from low of $60.47 hit two weeks ago.

Shipping Delays Continue As 400m-Long Vessel Remains Grounded In Suez Canal

Posted on March 29, 2021 by TeamIcarus | 0 Comments

Dozens of ships containing a range of commodities remain stuck behind a grounded vessel in the Suez Canal.

Global Rebound Drives Crude Oil Higher

Posted on March 12, 2021 by TeamIcarus | 0 Comments

In the fall, the global economy came out of COVID-19 hibernation, and demand for oil and gas began to outstrip supply. Christopher Furlong/Getty Images

Brent Hits $70 For First Time Since Pandemic Began After Saudi Attack

Posted on March 9, 2021 by TeamIcarus | 0 Comments

LONDON (Reuters) - Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the U.S. Senate passed a $1.9 trillion economic…

Oil Prices Jump As U.S. House Passes Huge Stimulus Bill

Posted on March 4, 2021 by TeamIcarus | 0 Comments

SINGAPORE (Reuters) - Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China's February factory activity…

SABIC Sees 2 5% Jump In 2021 Sales After 4Q Demand Recovery

Posted on February 1, 2021 by TeamIcarus | 0 Comments

Dubai — Saudi Basic Industries Corp., the Middle East's biggest petrochemicals producer that is controlled by Saudi Aramco, said Jan. 31 it expects 2021 sales will rise 2-5% on the…

Oil Steady As Supply Cuts Offset Demand Worries On Stalled Vaccine Rollouts

Posted on January 30, 2021 by TeamIcarus | 0 Comments

Oil prices were mixed on Friday as a pending supply cut by Saudi Arabia and lower U.S. oil stocks helped counter risks of slowing fuel demand due to stalled vaccine…

Oil Prices Fall For Second Session as COVID-19 Lockdown Concerns Cast Pall Over Demand Prospects

Posted on January 26, 2021 by TeamIcarus | 0 Comments

Brent crude futures for March fell 15 cents, or 0.3 per cent, to $55.26 a barrel by 0158 GMT, while US West Texas Intermediate crude for March was at $52.19…

Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact

Posted on January 13, 2021 by TeamIcarus | 0 Comments

Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic's grip on energy demand is coming to an end as the rollout of…