Oil Prices Head Lower As Libyan Production Rebounds
Oil prices are heading lower as we jump into the fifth month of the year, amid concerns from a mixed bag of global economic data and increasing exports from Libya. Continue Reading
Oil prices lower on softening China
The steady rise in U.S. exploration and production figures, coupled with a slowing Chinese economy, helped drag crude oil prices lower in early Monday trading. Crude oil prices moved lower Continue Reading
Oil Falls as U.S. Drillers Boost Rigs and Libya Expands Output
U.S. rigs drilling for crude increase for 15th straight week Libya crude output rebounds as Sharara, Feel fields restarted Oil declined as rigs targeting crude in the U.S. rose for Continue Reading
Oil prices inch down on high stocks, weak China factories survey
Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers Continue Reading
The Return Of Bearishness In Oil Markets
The oil bears are gaining leverage over the bulls as confidence in the stability of crude prices continues to wane. Oil prices traded above $50 per barrel for most of Continue Reading
Oil Falls as U.S. Drillers Boost Rigs and Libya Expands Output
U.S. rigs drilling for crude increase for 15th straight week Libya crude output rebounds as Sharara, Feel fields restarted Oil declined as rigs targeting crude in the U.S. rose for Continue Reading
Oil prices inch down on high stocks, weak China factories survey
Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers Continue Reading
Oil Edges Up as Investors Cash Out After a Weak April – WSJ
Oil prices rebounded on Friday as traders appeared to be closing out a recent raft of bearish bets. April turned out to be a bad month for oil, with stockpiles Continue Reading
Crude Drawdowns Can’t Save Oil Prices
Oil prices got walloped this week on growing concerns that U.S. shale is coming back too quickly, offsetting the progress made by OPEC. Meanwhile, disrupted Libyan production could come back Continue Reading
Oil’s April Rollercoaster Takes It Back to $50 on Supply Dilemma
U.S. crude production expands to highest level since 2015 Novak says Russia implemented full 300,000 barrel-a-day cut After a rally in the first half of April, oil is set to Continue Reading