A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. REUTERS/Stringer/File Photo Brent crude oil prices fell around 5 percent from their early January Continue Reading
Crude prices may have stabilized, but it’s still not a great time to be Big Oil. Investors eliminated about $53 billion in market value for producers over three days as Continue Reading
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. Continue Reading
The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail Continue Reading
The rupture and closure of a major crude oil pipeline in Texas jointly-owned by Enterprise Products Partners and Enbridge Inc. helped to push oil prices higher Tuesday as crews worked Continue Reading
Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are Continue Reading
Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an Continue Reading
Crude prices edged lower Monday as investors weighed growing U.S. output against cutbacks by major oil producers. U.S. crude for March delivery fell 54 cents, or 1%, to $52.63 a Continue Reading
Oil traded near $53 a barrel after drilling in the U.S. climbed to the highest in more than a year, countering OPEC’s efforts to clear a supply glut. Futures were Continue Reading
Analysts are raising their oil price forecasts for the first time in five months, even as they continue to see a plethora of risks for this market. Members of the Continue Reading
