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What’s Affecting Oil Prices This Week? (Aug. 8, 2022)
2022-08-08 - Stratas Advisors expects oil prices will rebound from the current level and, for the most part, remain throughout the third quarter within the channel between $100 and $120. Here’s why.
Oil Slumps 5% on Recession Concerns, US Gasoline Price Drop
2022-06-17 - With the Fed expected to keep raising interest rates, open interest in WTI futures on the Nymex fell on June 16 to its lowest since May 2016 as investors cut back on risky assets.
Oil Prices Fall More Than $3 as Fed Hikes Interest Rates
2022-06-15 - The biggest hike by the U.S. central bank since 1994 drove oil prices down on June 15. However, persistent concerns about tight supply meant oil prices were still holding near $120/bbl.
OPEC Mulls Excluding Russia from Oil-production Deal
2022-05-31 - Oil prices turned negative on May 31 after the Wall Street Journal reported that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal.
What’s Affecting Oil Prices This Week? (June 13, 2022)
2022-06-13 - Despite oil prices reaching 13-week highs last week, here are the factors that Stratas Advisors said in its latest forecast are currently putting downward pressure on oil demand.