Oil prices slipped on Monday as Wall Street slid more than 1 percent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran Continue Reading
Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply. U.S. West Texas Intermediate (WTI) crude futures Continue Reading
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets? That question emerged as a major theme during fourth-quarter earnings calls, Continue Reading
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a Continue Reading
If the oil market has felt unusually quiet in recent weeks and months, that probably reflects the almost complete lack of sharp daily price movements. While prices have soared by Continue Reading
On the surface, things look good for oil producers. Global oil demand is set to grow at its fastest pace in three years and OPEC’s discipline in sticking to output Continue Reading
Oil prices were set to fall this week, despite a slight gain in both benchmarks on Friday, on concerns among investors about rising supply from the U.S. and elsewhere threatening Continue Reading
Oil prices rose Thursday as investors weighed signs of growing global oil demand and surging U.S. shale production. Light, sweet crude for April delivery gained 23 cents, or 0.4%, to Continue Reading
Oil prices seesawed on Thursday, supported by healthy global demand but at the same time held back by a relentless rise in U.S. production that is undermining efforts led by Continue Reading
Oil prices rose Wednesday, recovering from losses in earlier trading as a drop in fuel stockpiles outweighed larger-than-anticipated increase in crude inventories and relentlessly rising U.S. production. Light, sweet crude Continue Reading
