The price of Brent crude will trade sideways with support at $50.90. Meanwhile, the Brent-WTI differential will continue to trade between $2 and $2.50 with respect to the May contract.
For the upcoming week: U.S. production and drilling continues to increase but so far OPEC is conforming to the agreed production cuts.
For the upcoming week the price of Brent crude is expected to trade between $56 and $57.
John Paisie, executive vice president with Stratas, expects geopolitical tensions stemming from North Korea will affect this week's oil price outlook.
For the upcoming week: OPEC supply cuts, rising tensions between the U.S. and Iran, a rebound for U.S. shale drillers and bullish investors.
For the upcoming week we are forecasting that the price of Brent crude will trade between $54.50 and $56. Here's why.
President Trump signed executive orders on Jan. 24 to accelerate the Keystone XL and Dakota Access pipelines, coming through on his campaign promise to progress energy infrastructure projects.
Brent crude is forecast to trade in the range between $55 and $56. The Brent-WTI differential is projected to trade between $2 and $2.75 with respect to the March contract.
For the upcoming week, Stratas Advisors is forecasting that the price of Brent crude will move sideways.
Hart Energy's Digital News Group Managing Editor, Len Vermillion, summarizes what we’ve been hearing from analysts in the wake of Donald Trump's election to president of the United States.
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What oil price is needed for economical activity? What will drive those prices for the rest of the year? And is the Eagle Ford headed for consolidation? We asked attendees at Hart Energy’s DUG Eagle Ford Conference and Exhibition in San Antonio...