Expert Commentary: The Weak Spots In The Oil Price Rally
Oil bulls were all smiles this past weekend when non-OPEC producers lead by Russia agreed to cut production by more than 550k bpd for a six-month term beginning in January. Continue Reading
Oil Eases Off Highs on Libyan Production
Oil prices were steady Friday, under pressure from potential production increases in Libya where operations have restarted at two key oil fields. Brent crude, the global oil benchmark, edged down Continue Reading
Oil Heads for Weekly Loss as Libya, Dollar Weigh Against Cuts
Oil headed for a weekly loss as Libya prepared to raise supply and the dollar strengthened, offsetting the impact on prices from an agreement by OPEC and other producers to Continue Reading
Oil prices rise as planned oil production cuts start to materialize
Oil prices rose on Friday after Kuwait appeared to be lining up bigger supply cuts than had been initially expected from January as part of a coordinated effort by oil Continue Reading
Crude Prices Fall Over Demand Concerns
Crude prices fell Thursday for the second day in a row Thursday as the dollar surged, raising concerns about demand for oil outside the U.S. U.S. crude futures for January Continue Reading
Oil Prices Extend Losses After Federal Reserve Raises Rates
Oil prices pulled back on Wednesday, weighed down by rising interest rates and concerns over the ability of major players to cut production. Light, sweet crude for January delivery settled Continue Reading
Oil Retreats After OPEC Deal Rally on Reported U.S. Supply Gain
Oil retreated from the highest close since July 2015 as focus shifted to expanding U.S. crude stockpiles after OPEC and other producing nations agreed to cut output to stabilize the Continue Reading
Oil prices fall on rising U.S. crude stocks, OPEC output concerns
Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining Continue Reading
Oil Prices Near One-Year High
Oil prices firmed Tuesday, holding near more than 1-year highs, buoyed by commitments from oil producing countries to cut global production by around 2%. Brent crude, the global oil benchmark, Continue Reading
Oil demand to grow more swiftly, too early to assess global output cut
Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world’s Continue Reading