OPEC Oil Production Down To More Than 4-Year Low

Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel in more than four years, according to the monthly S&P Global Platts survey published on Friday. OPEC’s de facto leader and biggest producer, Saudi Arabia, saw its […]

Why Oil Prices Rallied 30% This Year

Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade—since the second quarter of 2009. At the start of the second quarter of 2019, WTI Crude had already topped $60 last week and has been trading above that level in the first week […]

The Basics of Trading Crude Oil Futures

Crude oil is one of the better commodities to trade. The market is incredibly active, and it’s well known to investors around the world. Oil prices fluctuate on the faintest whisper of news regarding pricing, which makes it a favorite of swing and day traders looking for that edge. This environment can provide some solid trading […]