Oil Bounces Back On New Round Of OPEC Rumors
Oil prices are on course to close the week higher, with WTI trading close to its highest level since September. Oil prices rebounded midweek on signs of a tighter physical Continue Reading
Crude oil futures dip amid mixed signals on US-China talks
Crude oil futures were lower during mid-morning trade in Asia Friday as conflicting signals emerged from ongoing trade talks between the US and China, while the possibility of OPEC extending Continue Reading
Oil rises to two-month high on hopes of longer OPEC cuts, U.S.-China trade deal
Oil prices rose more than 2% on Thursday to the highest in nearly two months following a Reuters report that OPEC and its allies are likely to extend output cuts Continue Reading
Oil rises on hopes of OPEC cut extension, U.S.-China trade deal
Oil prices rose nearly 2% on Thursday following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020, while fresh signs emerged that China Continue Reading
EIA Predicts Higher Oil Prices And A Jump In U.S. Production
In its latest Short-Term Energy Outlook (STEO), published this month, the EIA revised up its forecast of U.S. crude oil production by 30,000 bpd, or by 0.2 percent, from the Continue Reading
Oil drops as U.S.-China standoff extends beyond trade
Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war Continue Reading
Analysis: Crude futures rally on smaller-than-expected stock build, Middle East conflict
Houthis claim to have shot down fighter plane USGC crude imports near record low Refiners up crude runs, maximizing distillates New York — Crude futures rallied Wednesday, driven higher by Continue Reading
Oil Prices Higher Despite Bearish Inventory Data
Crude oil prices rose slightly after the Energy Information Administration reported a crude oil inventory build of 1.4 million barrels for the week to November 15. At 450.4 million barrels, Continue Reading
Oil slumps on oversupply fears, trade talk concerns
Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook Continue Reading
Crude oil futures edge lower as optimism fades over US-China talks
Crude oil futures edged lower during mid-morning trade in Asia Tuesday amid fading optimism over trade talks between the US and China, with an expected increase in US crude stocks Continue Reading