Oil Patch Relieved by Price Rebound
Oil prices finished their best month in a year on Friday and are headed back toward $50 a barrel, bringing some relief to beleaguered energy producers even though they reported Continue Reading
Oil Falls From Day’s High, Back Below $46
Oil prices fell Friday as supply data raised concerns that the global glut of crude won’t shrink as quickly as some traders expected. Oil prices have surged in recent weeks Continue Reading
Oil ends steady near $50; best monthly gain in Brent in seven years
Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years. A Continue Reading
Oil on track for biggest monthly gain in seven years
Oil is on track for its biggest monthly gain in seven years, boosted by a weak dollar and a decline in US production that has helped to ease concern about Continue Reading
Oil Rallies On As Traders Ignore Red Flags
In the latest key figures from the oil and gas industry we see that oil rallied throughout the week, ignoring the fact that U.S. crude oil stocks have risen to Continue Reading
Weaker Dollar Continues To Drive Oil Prices Up
Two hundred and three years after J.F. Hummel patented rubber, and the oil market is bouncing once again. Yesterday’s dollar weakness was encouraged by a super-strong yen; today’s has been Continue Reading
Oil rally is not just about hedge funds: Kemp
Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts. “Even as oil rallies, analysts have Continue Reading
OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey
OPEC’s oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more Continue Reading
OPEC Oil Output Surges as Iran Looks to Regain Market Share
The 13-member group boosted output by 484,000 barrels a day OPEC crude production surged in April, led by Iran, which is seeking to regain market share after sanctions were lifted Continue Reading
Partial Truce Said to Be Restored in Syria, but Not Yet in Aleppo
BEIRUT, Lebanon — As Syria convulsed from the bloodiest week there in months, the United States and Russia declared on Friday that they had won agreement for a new partial Continue Reading