Forecast for a tight market keeps price from straying too far Saudi-Bahrain pipeline restarted operations after brief halt Traders played follow-the-bouncing-ball with oil prices close to a 2 1/2-year high Continue Reading
Crude prices have risen roughly 20% since September. The IEA noted that oil prices have risen roughly 20% since early September—with Brent crude sustaining gains above $60 a barrel in Continue Reading
 Crude oil prices were trading flat to slightly lower early Monday as traders looked to OPEC for signs of emerging trends, but held out for U.S. oil projections. The Organization Continue Reading
Crude output by members of the Organization of the Petroleum Exporting Countries dropped by 0.46%, to 32.59 million barrels a day in October, compared with the month prior. The move Continue Reading
Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase Continue Reading
Crude was down slightly on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a Continue Reading
Baker Hughes has reported that the number of oil and gas rigs in the United States rose this week, bucking the downward trend of recent weeks. The number of oil Continue Reading
Political tumult in Saudi Arabia and a flare-up in tensions between the kingdom and Iran boosted prices this week, as traders and investors became concerned about volatility in the region. Continue Reading
Oil prices pulled back slightly following the release of the Baker Hughes rig count report, but geopolitical risk still remains, and with the assumption that OPEC will extend its production Continue Reading
Oil markets were slightly down but stable on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. Continue Reading
