Don’t worry about oil price movement yet, Russia says
It’s too early in 2018 to discuss stabilization for oil prices, which are down 2 percent from their peak, but up 3.5 percent so far, a Russian official said. Crude Continue Reading
Oil Futures Pull Back Following Production Gains
Oil pump jacks are seen at dusk in the oil fields surrounding Midland, Texas. Oil futures fell 1% in Asian trading on Friday, extending a late-day selloff in the U.S. Continue Reading
Oil prices fall as U.S. output rise outweighs crude stock falls
Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.Brent crude futures Continue Reading
$70 Oil Cripples European Refiners
In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for Continue Reading
Oil holds near 2014 high, supported by threat of Nigeria attack
Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria’s petroleum industry, although a reported rise in U.S. Continue Reading
OPEC Discipline Arrests Crude Oil’s Fall From Three-Year High
Compliance to OPEC’s output-cut deal at 125% in December WTI gains while gasoline futures at highest since August Crude edged higher as OPEC showed increased determination to curb production and Continue Reading
Oil rises ahead of U.S. weekly inventory figures
Oil prices ended higher on Wednesday ahead of the release of U.S. petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories. Brent futures LCOc1 Continue Reading
With a risk premium for oil, the World Economic Forum worried by war
With this year opening with a geopolitical risk premium for oil prices, a survey from the World Economic Forum said those frictions were a growing concern. The WEF, in its Continue Reading
Are Hedge Funds Pushing Oil Prices Too High?
Hedge funds and other money managers continue to gobble up bullish bets on oil futures, but the speed with which spot prices have risen in the past few weeks raises Continue Reading
Cheap gasoline in the winter isn’t likely in 2018
Demand strains and a steady surge higher for oil prices means a typical winter of lower U.S. retail gasoline prices isn’t in store this year, analyses show. Motor club AAA Continue Reading