OPEC officials maintain market is rebalancing Cut extension details still in flux Market has priced in extension, say analysts The price swoon of the last few weeks has no doubt Continue Reading
Oil prices crashed on Thursday before bouncing back in trading on Friday, suggesting that the crash was due more to a technical selloff rather than disappointing fundamentals. Friday, May 5, Continue Reading
About $7 million of August $39 puts change hands Friday ‘Lottery ticket’ signals fear, likely oil recovery: analyst It’s come to this for the beleaguered oil market: a big bet Continue Reading
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Hedge funds cut bullish bets on U.S. crude for the second straight week, data showed on Friday, Continue Reading
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline Continue Reading
OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help clear a supply glut, Saudi Arabia’s OPEC Continue Reading
WTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel, Continue Reading
Oil prices fell 3% over the course of a few minutes in midday Asian trading Friday, hitting their lowest level since a key production-cut agreement in November as traders lost Continue Reading
U.S. crude production rises in longest run of gains since 2012 Crude-price decline drags shares of energy companies lower Oil slid below $45 a barrel for the first time since Continue Reading
Oil prices fell to a five-month low Thursday, as investors have become increasingly skeptical of OPEC’s abilities to ease a global supply glut amid elevated U.S. crude production and inventories. Continue Reading
