1. Oil prices will rally 'sooner and higher.' Expect $75 Brent crude this year, says Goldman Sachs  MarketWatch
  2. Oil jumps almost 4% as output slow to recover from Texas storms  The Star Online
  3. The State of the Nation: Commodities continue to be a bright spot in 2021  The Edge Markets MY
  4. Oil market has been undersupplied so far during 2021 – Morgan Stanley  FXStreet
  5. Brent oil may hit US$75 as supply response trails demand  The Star Online
  6. View Full coverage on Google News
Lots of demand, not enough supply and global economies recovering from the COVID-19 pandemic are all recipes for booming oil prices, says Goldman Sachs.Lots of demand, not enough supply and global economies recovering from the COVID-19 pandemic are all recipes for booming oil prices, says Goldman Sachs.

Oil prices will rally ‘sooner and higher.’ Expect $75 Brent crude this year, says Goldman Sachs - MarketWatch

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It was only last spring that the price of a barrel of oil plunged below zero amidst a historic crash in fuel demand brought on by a deadly pandemic. Fast-forward to this February and there's talk about how high prices might climb.It was only last spring that the price of a barrel of oil plunged below zero amidst a historic crash in fuel demand brought on by a deadly pandemic. Fast-forward to this February and there's talk about how high prices might climb.

Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this yearGoldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year

Goldman Sachs Sees $75 Oil In Q3 2021 | OilPrice.com

Oil finds eager dip-buyers in Asia The gradual reopening of the Texas energy sector was enough to spur profit-taking over the previous two sessions in North America. Brent crude fell by 1.50% on Friday, with WTI falling 2.20% as markets grudgingly corrected a very overbought technical picture. Those losses were quickly unwound in Asia, with …

Oil rises in Asia, gold ticks higher - MarketPulseMarketPulse

The United States and Canada accounted for 11 percent of India’s crude oil imports in January—a record-high share of North American crude for the world’s third-largest oil importerThe United States and Canada accounted for 11 percent of India’s crude oil imports in January—a record-high share of North American crude for the world’s third-largest oil importer

India’s Oil Imports From North America Break Another Record | OilPrice.com

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Goldman sees brent hitting $75 this year It's been awhile since I've seen a commodity call get as much attention as the bullish call from . Goldman Sachs last night By Adam ButtonGoldman sees brent hitting $75 this year It's been awhile since I've seen a commodity call get as much attention as the bullish call from . Goldman Sachs last night

Oil swings higher, bullish Goldman Sachs call gets heavy play

A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman Sachs sees the rally accelerating as consumption outpaces supply from OPEC and shale.A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman Sachs sees the rally accelerating as consumption outpaces supply from OPEC and shale.

Crude soars as key banks and traders project further oil price gains

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County Reuters Brent oil should rise to $70 during the...Brent oil will likely rise to $75 per barrel during the third quarter, with Goldman Sachs seeing supply from producers falling short of global demand.

Brent oil will climb 17% from current levels as demand outpaces supply, Goldman Sachs says | Markets Insider

Crude oil initially shot higher during the week, but then turned around to show weakness. The shooting star suggests that we could see a turnaround.Crude oil initially shot higher during the week, but then turned around to show weakness. The shooting star suggests that we could see a turnaround.

Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.

Oil prices spiked to 13-month highs last week after the Texas Freeze, but prices sagged toward the latter part of the week. But on Monday, a new price rally beganOil prices spiked to 13-month highs last week after the Texas Freeze, but prices sagged toward the latter part of the week. But on Monday, a new price rally began

Oil Prices Spike As U.S. Outages Tighten Supply | OilPrice.com

Oil prices jumped by more than $1 on Tuesday, as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week. Oil prices jumped by more than $1 on Tuesday, as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.

Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance i...Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance into the $70s in coming months.

Oil Climbs as Goldman Sees More Gains  | Rigzone

S&P Global Platts is to include US WTI Midland crude in its Dated Brent benchmark -- the world's biggest crude benchmark -- in a major change to what has previously been an exclusively North Sea-based assessment.

Platts to add US' WTI Midland crude to Dated Brent benchmark from July 2022 | S&P Global Platts

Brent’s premium remains steady at above the $3 level Brent’s next test is at January 2020 high Brent is OPEC’s price Iran could cause supply problems The BNO ETF tracks the world’s leading benchmark Brent crude oil is the petroleum… Read more ›

Brent Crude Oil's Bullish Developments, Approaching Important Level - ETF Daily News

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Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.

Oil jumps almost 4% as output slow to recover from Texas storms | Reuters

The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.

Crude Oil Futures Climb 0.84% To Rs 4,340 On MCX, WTI Crude Trades Below $60 A Barrel

India: Why oil is so expensive and what could be done India is the world's third-largest oil market and depends heavily on crude oil to fuel its dreams and development. India consumes nearly 211.6 million tonnes of oil every year. Out of this, less than 35 million tonnes is produced in India. India does not have enough reserves, and new oil fields have not been explored. Where does the rest of the oil come from? Iraq, Saudi Arabia, the United Arab Emirates, the United States and Canada, among other countries are where India gets its oil from.India: Why oil is so expensive and what could be done India is the world's third-largest oil market and depends heavily on crude oil to fuel its dreams and development. India consumes nearly 211.6 million tonnes of oil every year. Out of this, less than 35 million tonnes is produced in India. India does not have enough reserves, and new oil fields have not been explored. Where does the rest of the oil come from? Iraq, Saudi Arabia, the United Arab Emirates, the United States and Canada, among other countries are where India gets its oil from.

Why oil is expensive in India, and what the government could do, India News News | wionews.com

India's imports from Canada and the United States almost doubled from December to 142,000 bpd and 367,000 bpd, respectively. The United States emerged..India's imports from Canada and the United States almost doubled from December to 142,000 bpd and 367,000 bpd, respectively. The United States emerged..

Saudi Arabia: Share of Canada, U.S. in India's Jan oil imports surges to record high - trade, Energy News, ET EnergyWorld

Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain ‘highly inelastic’ to the rising prices, the bank saidConsumption will get back to pre-virus levels by late July, while output from major producers is likely to remain ‘highly inelastic’ to the rising prices, the bank said

Goldman sees Brent oil at $75 as supply response trails demand

Stocks fell Monday while commodity prices rallied, as rising Treasury yields and expectations of higher inflation weighed on equity prices.Stocks fell Monday while commodity prices rallied, as rising Treasury yields and expectations of higher inflation weighed on equity prices.

Stock market news live updates: Stocks mixed as yields rise, inflation concerns mount

Vaccine rollouts and strong optimism over economic recovery has led to some liquidation in precious metals with risk-on sentiments. The rally in US bond yields and dollar recovery has kept bullion prices lower for the last few months.Vaccine rollouts and strong optimism over economic recovery has led to some liquidation in precious metals with risk-on sentiments. The rally in US bond yields and dollar recovery has kept bullion prices lower for the last few months.

commodities: Are we at the cusp of a fresh bull run in commodities? - The Economic Times

Prospects for the rollout of vaccines to spur economic recovery and in turn to drive the demand for oil has helped to push the price of global crude ...Prospects for the rollout of vaccines to spur economic recovery and in turn to drive the demand for oil has helped to push the price of global crude ...

Oil price to surge as global consumption 'to return to pre-virus levels by late July'

The unusual winter storm playing in key areas of the world's largest producer of oil saw an estimated four million barrels per day of oil output shut down in TexasOil traders are going bullish on the black liquid hydrocarbon, over the unprecedented cold snap in a leading American energy hub, Texas

World's largest oil producer loses four million barrels per day | Nairametrics

Brent crude was up $1.06, or 1.6%, at $65.30 a barrel by 0204 GMT, after earlier hitting a high of $66.38Brent crude was up $1.06, or 1.6%, at $65.30 a barrel by 0204 GMT, after earlier hitting a high of $66.38

Global oil prices rise by over $1 on slow US output restart; Brent reaches $65.30 per barrel

Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.

Asian LNG prices slip while US natural gas futures mark weekly gain - The Peninsula Qatar

Oil prices soared past $60 as a result of the Texas freeze and output cuts, but with prices rising, some OPEC+ members are itching to ease production constraintsOil prices soared past $60 as a result of the Texas freeze and output cuts, but with prices rising, some OPEC+ members are itching to ease production constraints

Can OPEC+ Maintain Order As Oil Prices Rise? | OilPrice.com

Oil prices rose on Monday on a slow return of U.S. crude output cut by frigid conditions and as an approaching meeting by top producers is expected to keep production largely reined in, pointing to tight global supply. U.S. oil rose $$2.05, or 3.48%, to $60.99 a barrel, having fallen 0.4% last week. Brent crude [Read more]Oil prices rose on Monday on a slow return of U.S. crude output cut by frigid conditions and as an approaching meeting by top producers is expected to keep production largely reined in, pointing to tight global supply. U.S. oil rose $$2.05, or 3.48%, to $60.99 a barrel, having fallen 0.4% last week. Brent crude [Read more]

Oil prices rise as storm-hit U.S. output set for slow return | BOE Report

Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale…Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.

Goldman sees Brent Crude oil at

Brent oil gained as traders weighed the return of U.S. crude production that was hit by freezing temperatures across Texas last week, against weaker refinery demand as plants impacted by related power outages resume operations.

Brent oil climbs back above US$63 with Goldman seeing more gains - BNN Bloomberg