Oil Prices Slip As The U.S. Rig Count Continues To Climb
The number of active oil and gas rigs in the United States rose by 8 on Friday, according to oilfield services provider Baker Hughes . The total oil and gas Continue Reading
Does This Oil Price Rally Have Legs?
With oil prices spiking nearly 10 percent from last Friday’s sudden, capitulation “flash crash” which was perhaps driven by Pierre Andurand liquidating his entire long book, there has been a Continue Reading
Oil Rallies Higher, Undeterred By ‘Surprise Surge’ In U.S. Production
Oil is rallying for a second consecutive day, with continued positive momentum from yesterday’s weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by Continue Reading
Oil prices edge up in anticipation of extended crude output cut
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Oil prices edged up on Tuesday, driven by anticipation that Continue Reading
3 Reasons Natural Gas Is Heading A Lot Higher
Commodity pricing is a complex thing, with a whole host of things affecting the price at which buyers and sellers transact, but almost all of those things fall into one Continue Reading
Natural Gas Settles Higher on Stockpile Data
Natural gas prices jumped to a three-month high, breaking from a recent pattern of tight trading after government data showed a smaller-than-expected storage addition for last week. The U.S. Energy Continue Reading
Oil Edges Higher As OPEC Reaches Consensus On Cut Extension
OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the Continue Reading
Should OPEC Abandon Its Current Oil Price Strategy?
If OPEC was a person, you’d recommend either therapy or that it cut its losses and start licking its wounds. As Bill Baruch, chief market strategist at iiTRADER told marketwatch.com Continue Reading
Oil bulls draw hope from fall in U.S. crude stocks:
U.S. crude stocks have shown a sustained decline over the last five weeks, giving oil bulls new inspiration that the market is rebalancing. Commercial crude inventories have fallen by 13 Continue Reading
Oil prices edge up in anticipation of extended crude output cut
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Oil prices edged up on Tuesday, driven by anticipation that Continue Reading