Oil prices edged up on Friday on news that U.S. President Donald Trump could be poised to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two Continue Reading
Crude-oil futures fell Thursday, as investors weighed signs of falling production and rising inventories. Light, sweet crude for March delivery fell 34 cents, or 0.63%, to $53.54 a barrel on Continue Reading
Since oil prices recovered to over US$50 per barrel, analysts have started calling the bottom of the investment cycle in the oil industry. But while many U.S. onshore drillers are Continue Reading
Yes, it’s Groundhog Day (again), and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he’s no good at forecasting (unlike the woolly worm), Continue Reading
A ceiling may be fast approaching for crude oil prices as U.S. supply pressures re-emerge in response to rising production, analysis find. The price for Brent crude oil, the global Continue Reading
OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal. The Organization of Petroleum Exporting Continue Reading
Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts Continue Reading
The dollar slumped against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about after the worst January in 30 years. Global equities slid Continue Reading
U.S. crude oil inventories increased by 5.8 million barrels , according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, compounded by large builds—again—in both gasoline Continue Reading
Oil futures edged higher Wednesday, with investors watching the progress of production cuts by major crude-producing countries, one month after the deal was implemented. Brent crude, the global oil benchmark, Continue Reading
