Oil prices edged up on Wednesday after an unexpected fall in U.S. crude inventories but remained not far above 11-year lows as supplies remain abundant and as OPEC lowered the Continue Reading
Prices of the world’s two main oil benchmarks became equal on Tuesday, reflecting different paths for crude supplied from the US and elsewhere. At midday in New York, Nymex February Continue Reading
The oil market recovered slightly on Tuesday after a volatile start to the week when global benchmark Brent touched lows not seen since 2004 and West Texas Intermediate sank below Continue Reading
Crude Oil Heads for a Second Annual Loss Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next Continue Reading
Some traders anticipating a rebound in oil are making an indirect bet: wagering on energy companies and the currencies of oil-producing nations instead of the commodity itself. Their approach is Continue Reading
Crude Outlook: What’s in Store for Oil in 2016? If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. Brent’s Continue Reading
Nigerian President Muhammadu Buhari hinted for the first time that he would accept a devaluation of the naira, spurring speculation it may take place early next year when the local Continue Reading
Oil has shed two-thirds of its value since mid-2014 in a rout that essentially means gains from a decade-long commodity super-cycle have been wiped out — as if China’s unprecedented Continue Reading
U.S. crude-oil stocks are expected to increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 10 Continue Reading
