Oil extended the longest winning streak in more than four months before OPEC and other producing nations start reducing output to stabilize the market. Futures advanced 0.4 percent in New Continue Reading
After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global Continue Reading
Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since Continue Reading
Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the dice on a much bigger Continue Reading
Crude oil prices edged higher on Friday, as traders closed out bets on falling prices ahead of the holiday break. U.S. crude futures rose 7 cents, or 01.3%, to $53.02 Continue Reading
Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Continue Reading
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. Continue Reading
Oil prices remained mostly stable this week on light trading and few major price-altering headlines. However, some weakness in the rally emerged as fears over restored Libyan supply weighed on Continue Reading
WTI moved sideways near $53 from the Sunday open through Thursday afternoon, submitting a high of $53.79 and a low of $52.08 along the way. The narrow $1.79 range over Continue Reading
After boasting of gains in oil production this week, the chairman of a Libyan oil company discussed how Egyptian companies could work in the country. Mustafa Sanalla, the chairman of Continue Reading
