Chinese growth, tight markets lift oil prices
A slight gain in the Chinese economy followed by a week of data supporting market balance sentiments lifted crude oil prices early Friday. Crude oil prices moved in volatile territory Continue Reading
Money managers boost bullish bets on U.S. crude to highest in over two years
Hedge funds rushed to place bullish wagers on U.S. crude oil last week, boosting it to the highest levels since mid 2014, data showed on Friday, as prices rallied on Continue Reading
Has OPEC Seriously Underestimated U.S. Shale Dynamics?
Oil was flat this week as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent. Crude oil inventories rose by another 2.4 Continue Reading
Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Fell
Nomura Middle East CEO: Oil Heading Toward $60 Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC Continue Reading
Oil Tanks After EIA Reports Surprise Crude, Gasoline Build
A day after the API reported a 5.04-million-barrel decline in commercial U.S. crude oil inventories, the Energy Information Administration crushed hopes of a prolonged price recovery by reporting a build Continue Reading
Despite OPEC Deal Oil Prices Could Fall Sharply From Here
The impact of the OPEC production cuts could be much more muted than many had hoped for as non-OPEC output comes roaring back in 2017. And it isn’t just from Continue Reading
Natural Gas Flips to Gains After Stockpile Data
Natural gas prices rose Thursday, flipping up from losses after data showed a larger-than-expected drain from storage last week. The U.S. Energy Information Administration said natural-gas stockpiles shrank by 243 Continue Reading
Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Fell
No compatible source was found for this media. Nomura Middle East CEO: Oil Heading Toward $60 Oil resumed gains after the biggest drop in more than a week as industry Continue Reading
Oil rises from one-week low, U.S. inventory data in focus
U.S. oil on Thursday moved away from one-week lows touched the session before, with investors turning their attention to upcoming government data on U.S. inventories. Sentiment in oil markets has Continue Reading
Oil Falls as IEA Chief Sees ‘Significant’ Boost to U.S. Output
Crude Slides on U.S. Oil Supply Predictions Oil fell to a one-week low in New York after the head of the International Energy Agency predicted a rebound in U.S. production. Continue Reading