Monday, January 6, 2025
https://www.chron.com/business/energy/article/U-S-Crude-Export-Trading-Dries-Up-as-Tanker-14538063.php?cmpid=ffcp-oag360

Oil trading in U.S. Gulf dries up as tanker rates skyrocket

Source: Houston Chronicle Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish, according to market participants. Some sellers have held back from offering cargoes, while others have yet to reduce their offers enough to accommodate the rising cost of shipping oil, according to 10 market participants.

Oil prices drop as hopes fade for comprehensive U.S.-China trade deal - oil and gas 360

Oil rises 1.4% on hopes OPEC will extend supply cuts, weaker U.S. dollar

Source: Reuters HOUSTON (Reuters) – Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories. Brent crude LCOc1, the global benchmark, rose 81 cents, or 1.38%, to $59.55