(Bloomberg) — OPEC+ is expected to keep output steady when it meets next week, anticipating that oil markets will recover from a recent price rout and tighten by year-end.
Group leader Saudi Arabia floated the option of a …
LONDON – Hedge funds sold crude oil and refined products at the fastest rate for more than two years in the first week of September, as the summer trading lull ended abruptly and bullishness towards oil evaporated.
Hedge funds …
The fortunes of the oil market have turned around dramatically in the past month.
This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and …
