The Magazine for Asian Investors
Crude oil closed lower on Tuesday (May 24) as markets came under pressure from recession fears. The United States also signaled that it could restrict oil exports to control energy prices in the country. WTI crude futures were down 52…
Crude oil futures closed slightly higher on Monday (May 23). The expectation that oil demand in the U.S. will increase over the summer is lifting market sentiment. This is the time of year when Americans go on trips. WTI crude…
While the EU is busy with sanctions talks against Russian oil, Russia has already opened new distribution channels for its energy products. China is reportedly buying at a discount price of $29 per barrel below the price before the Ukraine…
Crude oil futures closed higher on Friday (May 20), buoyed by concerns about tight oil supplies. WTI crude futures were up $1.02, or 0.9%, at $113.23 a barrel. BRENT crude futures were up 51 cents, or 0.5%, at $112.55 a…
Crude oil futures closed higher Thursday (May 19) on a weak dollar. In addition, the forecast that Chinese oil demand will begin to recover when Shanghai ends the lockdown measures on June 1. WTI crude futures were up $2.62, or…
Crude oil futures fell for the second day in a row on Wednesday (May 18) following reports that U.S. refiners were ramping up production to cope with a sharp drop in inventories. The decline paralleled the U.S. stock market, which…
Crude oil closed lower on Tuesday (May 17) after reports that the United States is preparing a partial easing of sanctions against the Venezuelan government. This gives investors hope that more oil will come to the market. WTI crude futures…
Crude oil futures closed higher on Monday (May 16) following reports that Shanghai plans to end its lockdown measures. This gives investors confidence that Chinese oil demand will recover. WTI crude futures were up $3.71, or 3.4%, at $114.20 a…
Oil prices eased Monday morning in Asia as investors took profits after the previous surge. But global supply concerns are surfacing as the EU prepares to implement its ban on Russian oil imports. Brent crude was down 64 cents, or…
Crude oil futures closed higher on Friday (May 13) on concerns about tight supply in global markets. WTI crude futures rose $4.36, or 4.1%, at $110.49 a barrel. and rose 0.7% this week.BRENT crude futures were up $4.1, or 3.8%,…
