A gauge tracking Russia’s manufacturing industry declined to the lowest level in eight months, missing economist forecasts as demand deteriorated further amid the longest recession in two decades. The Purchasing Continue Reading
Italian oil company Eni SpA plunged to a net loss in the first quarter, hurt by accounting changes related to disposals and low crude oil prices. It posted a net Continue Reading
Oil prices were mainly flat Thursday after weeks of gains, but analysts now question whether crude will continue that positive momentum given a lack of significant change in the supply Continue Reading
Crude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April’s sharp rally, but analysts said falling U.S. production and strong investor appetite could Continue Reading
One hundred and sixteen years after the birth of Woody Woodpecker creator and animator Walter Lantz, and WTI crude oil is knocking on the door of $45 – and knocking Continue Reading
LONDON—Oil prices reached a high for the year on Wednesday, with U.S. prices breaking above $45 for the first time since November following data that showed a surprise fall in Continue Reading
Oil prices are running toward $50 per barrel, up nearly 60 percent from 2016 lows, as more data surfaces to support a push away from supply side pressures. The price Continue Reading
Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although Continue Reading
Even as oil rallies, analysts have barely nudged up their price forecasts as they worry that crude’s current gains might not be sustainable. The price of oil has jumped by Continue Reading
It hasn’t been a great week for Big Oil. BP reported an 80 percent decline in earnings, and ExxonMobil lost its coveted AAA credit rating , which it has held Continue Reading
