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Oil's rally fizzled following a report that OPEC members are exploring the idea of exempting Russia from its oil-production deal, which could open the door for other producers to pump more oil.

With soaring shipping costs comes soaring bills for ships doing nothing.

Geopolitical contexts are driving historical volatility in crude markets.

Saudi Oil Minister Prince Abdulaziz bin Salman statements about the oil futures disconnect from fundamentals is boosting the market.

Third consecutive weekly loss in crude futures underscored by softening demand and recession expectations despite a tight physical market.

US crude inventory draw not sufficient to overcome potential demand impacts from global monetary tightening in fight against inflation.

Improving hopes for a USA debt limit deal bolstered prices on the week.

The last time this pattern was recognized was February 25th, 2020, which was followed by a plunge of 77 percent over the ensuing two-month period.

Call options volume on West Texas Crude hit highest mark since 2019, signalling a growing sentiment towards higher prices to come.

The API, EWTC, TIPRO, TXOGA and LOGA have their say.