Oil fell below $46 a barrel on Wednesday as Donald Trump’s surprise victory in the U.S. presidential election sent markets into turmoil reminiscent of June’s Brexit vote. The global benchmark, Continue Reading
The latest American Petroleum Institute (API) report shows a crude oil build more than two times larger than experts expected, after last week’s government report revealed a record 14.4 million Continue Reading
OPEC warned in newly released report that oil prices might not rise above $60 per barrel until the end of the decade, in an acknowledgement that an array of bearish Continue Reading
For families using natural gas in their homes, this could be an expensive winter … or a cold one without heat. New England consumes the most liquid natural gas (LNGs) Continue Reading
Oil prices were stable early on Tuesday after posting strong gains the previous day, with investors piling money into financial markets in expectation that Democrat Hillary Clinton would win the Continue Reading
Oil prices were up along with the broader market Monday, after the FBI said it had not found new evidence to warrant charges against presidential candidate Hillary Clinton , and Continue Reading
Hedge funds and other money managers have reduced bullish bets on crude oil amid reported differences among OPEC members about how to implement their recently agreed output ceiling. Hedge funds Continue Reading
Oil investors are growing increasingly disgruntled with the pace at which supply and demand are rebalancing, cutting their bullish bets and pushing the benchmark price to its biggest discount relative Continue Reading
A report from the IMF has warned that the “new normal” in oil will delay the economic recovery in oil-dependent countries. Few would be surprised by this, except perhaps policy-makers Continue Reading
After the worst week for oil since January, crude prices firmed up on Monday ahead of Tuesday’s historic election. Oil dropped 10 percent last week, in large part due to Continue Reading
