|
Oil demand has been chasing records for most of the year, and OPEC has said it will raise output in order to meet demand and replace crude from unplanned disruptions. WTI Crude is $73.22; Brent is $78.96 this morning.  Source: Reuters - By: Christopher Johnson - Image: Ann Saphir/File Photo
0 Comments
The American Petroleum Institute (API) reported Tuesday a higher-than-expected 9.2 million barrel reduction in U.S. crude inventories week of June 22 while analysts had estimated, on average, that stocks would fall by 2.6 million barrels. WTI Crude is $71.17; Brent is $76.89 this morning.  Source: Reuters - By: Christopher Johnson - Image: Ernest Scheyder/File Photo Much will depend on whether China and India, Iran’s two biggest oil customers, shun Iranian oil. The biggest threat is the U.S. cuts off access to the American banking system for foreign financial institutions trading with the Middle East nation’s central bank. WTI Crude is $72.49; Brent is $77.80 this morning.  Source: Bloomberg.com - By: Tsuyoshi Inajima, Serene Cheong & Sharon Cho Oil markets have tightened significantly since 2017 when OPEC and its partners started withholding supply propping up slumping prices. Some analysts say oil markets will stay tight. WTI Crude is $68.42; Brent is $75.60 this morning.  Source: Reuters - By: Christopher Johnson - Image: Ernest Scheyder/File Photo Oil prices late Friday and early Monday show confusion (US and Brent prices moving in different directions) over what to expect as a result of the OPEC/non-OPEC maneuver, and the emergence of other market-moving information. WTI Crude is $68.76; Brent is $74.32 this morning.  Source: MarketWatch - By: Barbara Kollmeyer - Image: Reuters |
Hours: M - F 8:00 a.m. - 5:00 p.m. CentralTelephone: 844-952-7363Email: jnichols@peqtx.com |
Quotes by TradingView
|
Redhawk Investment Group, LLC offers direct and alternative oil and gas investment opportunities that enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.