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In the latest CPI report, fuel oil was up a whopping 3.0% for the month, even though it crashed 26.5% year over year. Similarly, utility gas was up 2.0% in July but down 13.7% from a year ago.
The move in oil prices has also led to the energy sector outperforming the S&P 500 so far this year, with the S&P 500 Energy Select ETF touching another 52-week high on Tuesday amid a broader sell ...
Calls for $200-a-barrel oil came fast and furious as WTI crude oil hit multi-year highs in early summer. As of the end of July, the median forecast for WTI crude oil at year-end 2022 stood at $103 ...
The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent is the leading global price benchmark for Atlantic basin crude oils.
The OPEC Reference Basket ( ORB ), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC members. It is used as an important benchmark for crude oil prices. OPEC has often attempted to keep the price of the OPEC Basket between upper and lower limits, by increasing and decreasing production.
Goldman Sachs analysts are less bullish on oil heading into the second half of the year. The firm lowered its year-end price target on Brent ( BZ=F) to $86 per barrel, down from a prior forecast ...
opisnet.com. Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 9, 2022 Today's newsletter is by Jared Blikre , a reporter focused on the markets ...