OECD economic warning lights send oil prices lower
A lack of clarity over what happens next with OPEC’s production agreement and a weak economic growth outlook for 2018 sent oil prices lower early Tuesday. Angel Gurria , the Continue Reading
Oil Prices Slip After API Reports Small Build In Crude Inventories
The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown Continue Reading
Gas prices may inch lower into December
A steady supply of gasoline, despite North American pipeline disruptions, means U.S. drivers may see gas prices drop into December, analysis finds. Motor club AAA reported a national average retail Continue Reading
Oil falls on doubts over OPEC, pipeline restart
Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil Continue Reading
Oil Prices Chase $60 After a Year of Surging Demand
Increased demand has pulled stockpiles of crude oil out of storage this year, even as U.S. shale producers have pushed weekly production to record highs. Above, an oil refinery in Continue Reading
U.S. oil falls on Keystone restart, doubts about Russia’s resolve
U.S. oil prices fell more than 1 percent on Monday, easing from two-year highs on prospects of higher supply from a planned restart of the Keystone crude pipeline and uncertainty Continue Reading
Oil slips on U.S. drilling but OPEC cuts support market
Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output. FILE Losses were limited though as expectations that OPEC and other key exporters Continue Reading
Flurry Of Bullish News Boosts Oil Prices
Oil prices saw significant gains on Friday following a week of bullish news and though the OPEC meeting is still a week away, analysts are optimistic and the market is Continue Reading
WTI Prices Surge On Keystone Spill
Oil prices surged on Wednesday on news that the Keystone pipeline might not restart for several weeks. The outage at the damaged pipeline ended several years of contango for WTI, Continue Reading
U.S. oil prices rise to two-year high on Keystone pipeline outage
U.S. crude oil rose to a two-year high on Friday, as the shutdown of a major crude pipeline from Canada to the United States tightened North American markets. Trading activity Continue Reading