Oil Prices Waver As OPEC Makes Final Push
Oil prices spiked this week on the renewed push by OPEC to overcome differences on a production cut. WTI and Brent rose back above the mid-$40s per barrel, up from Continue Reading
Oil Slides for Third Day as OPEC Talks Again With Russia in Doha
Saudi Arabia optimistic OPEC will reach deal to curb output U.S. currency rises to nine-month high against peers on Yellen Oil declined for a third day, trimming the first weekly Continue Reading
Oil steady as oversupply tempers hopes of OPEC deal
Oil prices steadied on Thursday as expectations of an OPEC deal to limit production were balanced by growing evidence of heavy oversupply and rising stocks, particularly in the United States. Continue Reading
Russia Has Made $6 Billion From Talking to OPEC
Talks on curbing output have lifted prices as output increased Russian pledge to cooperate on supply deterred short sellers Russia’s decision earlier this year to engage in talks with OPEC Continue Reading
Oil Swings Above $45 as OPEC Boosts Effort to Secure Output Deal
Oil swung between gains and losses above $45 a barrel after its biggest surge in seven months as OPEC boosted efforts to finalize a deal to cut production agreed at Continue Reading
Oil Prices Bounce on Hopes of OPEC Deal
Oil futures bounced off a three-month low on Tuesday, bolstered by speculation that members of the Organization of the Petroleum Exporting Countries are working out the details of a proposed Continue Reading
Hedge Funds Turn Bearish On Oil At Record Rate
Hedge funds turned bearish towards oil prices at the fastest rate on record in the first week of November amid growing doubts about whether OPEC will reach a successful deal Continue Reading
Relief finally coming at the U.S. gas pump
Seasonal trends are finally catching up with U.S. commuters who are starting to see a steady decline in gasoline prices, motor club AAA said in a market report. The motor Continue Reading
Can Trump Send Oil Prices Soaring?
Drillers well In its latest monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64 million barrels a Continue Reading
Oil Rebounds From 8-Week Low as OPEC Said to Work to Secure Deal
Qatar, Algeria, Venezuela said to lead effort to secure cuts U.S. crude stockpiles forecast to increase a third week Oil rebounded from the lowest close in eight weeks as OPEC Continue Reading