Crude oil prices recovered from their October slump to jump higher in early Tuesday trading after OPEC’s secretary general said markets were balancing. “The oil supply and demand variables are Continue Reading
Oil rose to around $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after Continue Reading
Brent crude and West Texas Intermediate started the week with gains after yesterday OPEC’s Secretary General, Mohammed Barkindo, said the cartel may have to take some “extraordinary measures” to restore Continue Reading
Saudi Arabia said Monday that its state oil company was undertaking an “unprecedented” effort to cut petroleum exports, as the kingdom tries to bolster oil prices by withholding supply. The Continue Reading
Crude oil prices were drifting into negative territory early Monday on suggestions that more U.S. shale oil could move into the global marketplace. Crude oil prices have been on a Continue Reading
Following the 17-month bear market that ended in March 2009, one of the longest-running bull markets in U.S. history began. The current bull market is the second longest streak on Continue Reading
Oil prices stabilized on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Continue Reading
The price of crude oil was driven down on Friday as Tropical Storm Nate was forecast to strengthen and hit the US Gulf of Mexico coast with hurricane force winds Continue Reading
Oil prices fell from last week’s highs as investors pocketed gains. Not all hope is lost, however. Saudi Arabia and Russia just announced some promising news regarding the rebalancing of Continue Reading
Oil traded largely unchanged on Friday after a week of profit-taking and the return of oversupply concerns led the market lower, snapping a multi-week bull run that was Brent’s longest Continue Reading
