Oil Prices May Hit $60 By The End Of The Year
And now, we’re entering a period of rather narrow trading in oil prices. I continue to see the price of crude slowly move up in what I’ve called a “ratcheting” Continue Reading
Oil rises 2 percent, boosted by potential OPEC deal
Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russia would limit production through next year pushed the U.S. benchmark back above $50 a barrel. The Continue Reading
Oil Edges Higher as Saudi-Russia Encounter Reassures Oil Bulls
King Salman visits Putin in Moscow to discuss cooperation U.S. crude exports rose to record-high, while stockpiles fell Oil climbed as Saudi Arabia and Russia, the world’s biggest oil exporters, Continue Reading
We’re not satisfied yet with markets, Saudi oil minister says
The move by OPEC and non-OPEC producers to balance the market is working, but the work is not yet finished, Saudi Arabia’s oil minister said from Moscow. An energy forum Continue Reading
Oil steady as talk of new OPEC deal balances U.S. exports
Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged Continue Reading
IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
Non-OPEC producers not part of the production cut deal continue to raise crude oil supply, which would continue to cap oil prices in the near future, the executive director of Continue Reading
Oil Drops Below $50 as Record U.S. Exports Seen Flooding Market
Nationwide exports rise to record 1.98 million barrels a day Crude falls below $50 a barrel for first time in two weeks Oil slid below $50 a barrel for the Continue Reading
Oil prices dip on doubts that recent rally will last
Oil prices fell on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the Continue Reading
Oil Prices Under Pressure After API Reports Large Gasoline Build
The American Petroleum Institute (API) reported a draw of 4.079 million barrels in United States crude oil inventories, compared to more modest analyst expectations that inventories would draw only 756,000 Continue Reading
What Really Killed The Oil Price Rally
The oil market gained a lot of momentum in August and September, and Brent flirted with $60 per barrel toward the end of last month. But suddenly, oil prices have Continue Reading