Quotes from the news wire:
Technically the market is gearing up for WTI to go above $50 a barrel and it's intriguing on where it goes from there, i think the cap is not too far above that level - the world is still awash with oil even if it's off the peaks.
Found on Reuters 8 years ago
A strong U.S. economy is good for oil consumption and demand.
Found on Reuters 8 years ago
It looks at this stage as if it (oil) has formed a little bit of a bottom and perhaps we're going to see a sustained price in the $30s, maybe trending back up to $40 dollars at some point.
Found on Reuters 8 years ago
A lot of traders are keeping their powder dry in front of non-farm payroll data - it's the No.1 (indicator) in terms of crude consumers, investors are a little more confident we've seen a bottom in oil (prices).
Found on Reuters 8 years ago
There's been a little bit of up and down and range-bound movement which has all the hallmarks of a market marking time.
Found on Reuters 9 years ago
The markets are looking for price guidance from Janet & Co, there is scope for the dollar bulls to be disappointed this week (which) might be a driver for oil prices and the commodities complex overall.
Found on Reuters 9 years ago
There is scope for the dollar bulls to be disappointed this week (which) might be a driver for oil prices and the commodities complex overall.
Found on Reuters 9 years ago
Demand is reasonably buoyant in the United States, but there's just so much supply, it's going to need a significant pickup in economic activity to meet the current oversupply.
Found on Reuters 9 years ago
Fundamentally there's not a lot to change the picture dramatically in the short term. Prices seem to be contained in a range for now.
Found on Reuters 9 years ago
It's going to need a significant pickup in economic activity to meet the current oversupply.
Found on Reuters 9 years ago
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