Why Is Everyone So Bullish On Oil?
A Wall Street Journal survey of 15 investment banks finds cautious optimism among oil watchers. The monthly survey is a good barometer for market sentiment, as shifts in price forecasts Continue Reading
Oil Trades Near $53 as U.S. Drilling Accelerates Amid OPEC Cuts
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
Oil extends decline as rising U.S. output weighs
Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers. London Brent Continue Reading
Oil Prices Fall as Production Increases
Oil futures eased on Friday, with strong drilling activity around the world, especially in the U.S., weighing on the market. Light, sweet crude for March delivery settled down 61 cents, Continue Reading
Oil lower on U.S. GDP and trade policies
Crude oil prices retraced steps Friday on reports of a downturn measured in the U.S. economy and uncertainty over the nuances of OPEC’s managed decline. Members of the Organization of Continue Reading
Oil Heads for Second Weekly Gain as OPEC Continues Output Cuts
Oil headed for a second weekly increase as OPEC and other producing nations continued with output cuts to reduce bloated global inventories and stabilize the market. Front-month futures rose 0.4 Continue Reading
Why Oil Can’t Pull Higher In The Near Term
Oil prices are falling on Friday in volatile trading session after having see-sawed on the usual headlines regarding OPEC compliance and U.S. production figures (Click to enlarge) Friday, January 27, Continue Reading
Oil Heads for Second Weekly Gain as OPEC Continues Output Cuts
Oil headed for a second weekly increase as OPEC and other producing nations continued with output cuts to reduce bloated global inventories and stabilize the market. Front-month futures rose 0.4 Continue Reading
Oil prices stable as U.S. output gains offset OPEC-led cuts
Oil prices were stable on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent Continue Reading
Oil Climbs Despite Higher U.S. Inventories
Oil futures rose Thursday, as traders shrugged off another big jump in U.S. oil inventories and remained focused on promised production cuts. U.S. crude futures gained $1.03, or 1.95%, to Continue Reading