Was This Just A Temporary Pullback In Oil?
While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading
Higher Oil Prices Might Not Destroy Demand Growth
The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. Continue Reading
Oil falls on U.S. crude build; global supply seen rising
Oil prices fell on Wednesday on worries that global supply is climbing after U.S. inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output. Continue Reading
Oil rises as reality dawns over Venezuela’s export crisis
Oil rose on Thursday on concerns about a plunge in exports from Venezuela, although surging U.S. production kept gains in check. Brent crude futures LCOc1 were up 23 cents at Continue Reading
As Oil Soars, Few Hedge Funds Are Left to Profit
It’s a rare bunch of traders who can say they made a killing on oil’s surprising rebound over the past year. The reason: There aren’t many of them left. Years Continue Reading
Oil Closes Higher Ahead of Stockpile Data
Oil erased its early losses and closed higher Tuesday, with some traders expecting a bullish U.S. inventory report Wednesday that could halt a recent price slide. Light, sweet crude for Continue Reading
Goldman: OPEC Must Raise Production
While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs Continue Reading
Airlines Raise Ticket Prices as Fuel Costs Surge
Jet-fuel prices have surged more than 50% over the past year, pushing carriers to raise fares and Delta Air Lines Inc. DAL -0.91% to cut its profit expectations. Delta, the Continue Reading
Airlines Raise Ticket Prices as Fuel Costs Surge
Jet-fuel prices have surged more than 50% over the past year, pushing carriers to raise fares and Delta Air Lines Inc. DAL -0.91% to cut its profit expectations. Delta, the Continue Reading
Oil prices rise on Venezuela export concerns
Oil prices rose on Wednesday after Venezuela raised the prospect of a halt to some crude exports, but gains were capped by reports that the U.S. government had asked Saudi Continue Reading