An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. If Continue Reading
U.S. travelers leaving early on Wednesday to get a head start on the holiday will see some of the lowest gas prices in nearly a decade, the government said. U.S. Continue Reading
Oil traded near $48 a barrel in New York as OPEC left unresolved Iraq and Iran’s participation in the group’s plan to cut output. Futures swung between gains and losses Continue Reading
Oil prices moved little early on Wednesday with traders reluctant to dive in as uncertainty loomed over a planned OPEC-led oil production cut, and volumes low ahead of the U.S. Continue Reading
While the market has taken the latest round of “optimistic” jawboning by OPEC members in stride, sending crude higher by 4 percent ahead of next week’s meeting in Vienna where Continue Reading
Oil prices pulled back on Tuesday as the market continued to be fueled by headlines regarding the forthcoming meeting of OPEC members due to take place Nov. 30. Light, sweet Continue Reading
If OPEC hopes to speed up the rebalancing of the oil market by announcing a production-limiting plan, someone should tell the futures market. Front-month futures have risen sharply in recent Continue Reading
Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a Continue Reading
Oil futures advanced in Asian trade Monday following fresh diplomatic wrangling ahead of a highly anticipated meeting of the Organization of the Petroleum Exporting Countries next week. On the New Continue Reading
Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. Members of the Organization of Petroleum Exporting Continue Reading
