West Texas Intermediate (WTI)

Oil & Gas

US to sell 26 mil more barrels from strategic oil reserve

The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter.

Oil & Gas

Oil set for fourth weekly loss with rate hikes darkening outlook

West Texas Intermediate futures edged higher toward US$84 ($119.17) a barrel, but are still down more than 1% for the week.
Crude oil fluctuates as traders monitor G-7, recession concerns - THE EDGE SINGAPORE

Oil & Gas

Crude oil fluctuates as traders monitor G-7, recession concerns

Oil is heading for its first monthly decline since November on escalating fears about a global slowdown.
UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield

UOB Kay Hian expects CSE to maintain FY21 DPS at 2.75 cents, translating to an "above average" yield of 5.1%.

Broker's Calls

Crude demand rallies as markets slowly reopen

Economic reopening has oil markets bullish despite growing US-China tensions, but optimism may be dampened if OPEC+ decides not to roll over higher production cuts.
oil rig image

Crude Oil

OPEC to keep oil flowing as price recovers

VIENNA (June 3): OPEC was expected Thursday to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.
oil

Crude Oil

Oil extends gains, US crude at six-month top on supply concerns

TOKYO (May 17): Oil futures rose for a second straight session on Tuesday, with US crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices.
oil

Crude Oil

Oil at fresh 2016 highs on hopes of supply glut easing

SINGAPORE (May 16): Oil rose to fresh 2016 highs in Asia Monday as a slowdown in US drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than expected.
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