Investors see big oil surge, but physical markets suggest caution

Tue, 15 May 2018 - 08:29 GMT

OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year.

Oil steady near multi-year highs as U.S. drilling rises

Mon, 14 May 2018 - 02:20 GMT

Brent crude was up 20 cents at $77.32 a barrel by 1315 GMT and U.S. light crude rose 10 cents to $70.80.