"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Here's a look at what happened in oil markets in the week of Jan. 27-31 and what the focus will be in the days to come.

Goldman: "We estimate that Brent could temporarily rise to $93/bbl in a scenario where sanctioned supply falls by 1mb/d persistently for Iran and temporarily for Russia" ...

Goldman Sachs has increased its Brent crude forecast by $2/bbl as a boost from lower OECD commercial inventories outweighs a lower long term price forecast.Brent has been raised to $78/bbl for 2025 ...

Oil prices rose on Friday as markets weigh the threat of tariffs by U.S. President Donald Trump on Mexico and Canada, the two ...

Oil futures edged higher in early Asian trade. Brent crude oil was consolidating around the $77/bbl level amid continued uncertainty over whether OPEC will align its policies with Trump’s desire for ...

Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

By Zain VawdaOil prices continue to struggle to gain any sort of bullish traction as uncertainties around tariffs and the ...

2-Year U.S. Treasury Note Continuous Contract $102.805 0.000 0.00% 5-Year U.S. Treasury Note Continuous Contract $106.258-0.008-0.01% 10-Year U.S. Treasury Note Continuous Contract $108.625 0.016 ...

If WTI oil settles below the $78.50 level, it will move towards the nearest support in the $77.00 – $77.50 range. Brent oil is under pressure amid broad pullback in the oil markets. U.S. dollar ...

The EIA highlighted in the STEO that its forecast was completed before the United States issued additional sanctions targeting Russia’s oil sector on January 10. “For all of 2024, the Brent ...

stating that the US is ready to impose stronger sanctions on Russian oil companies. Brent crude futures for March delivery fell 0.9%, or $0.74, to $81.29 a barrel. Meanwhile, futures prices for US ...