Oil set for sixth straight day of declines
Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in U.S. crude inventories, timid demand and doubts over the ability Continue Reading
Oil Rebounds as OPEC Uncertainty, U.S. Election Spur Volatility
Oil rebounded from its longest losing streak in two months as uncertainty over an OPEC output deal amid growing U.S. crude stockpiles and the upcoming American election kept markets volatile. Continue Reading
Weaker dollar lifts oil prices from five-week low
Crude oil prices rose on Thursday as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 55 cents, or 1.2 Continue Reading
Here’s the catch-22 for the oil market
Oil prices could be heading lower as OPEC dithers, the election raises fears and traders stand on the sidelines. OPEC will dictate where oil prices head for the remainder of Continue Reading
U.S. natgas futures snap three-day losing streak after storage report
U.S. natural gas futures snapped a three-day losing streak and edged higher on Thursday following a government report showing a weekly storage build that was slightly below estimates. The U.S. Continue Reading
Oil Rebounds as OPEC Uncertainty, U.S. Election Spur Volatility
Oil rebounded from its longest losing streak in two months as uncertainty over an OPEC output deal amid growing U.S. crude stockpiles and the upcoming American election kept markets volatile. Continue Reading
Weaker dollar lifts oil prices from five-week low
Crude oil prices rose on Thursday as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 55 cents, or 1.2 Continue Reading
Oil Falls on ‘Most Bearish Report of All Time’
Oil prices dropped sharply Wednesday as weekly inventory data revealed a much larger-than-expected increase in crude-oil stockpiles. U.S. crude futures fell $1.58, or 3.39%, to $45.09 a barrel on the Continue Reading
Oil prices fall for fourth day after stockpile build
Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official U.S. stockpile figures later in the day after less comprehensive industry data showed a surprise Continue Reading
Oil Extends Decline as U.S. Crude Stockpiles Seen Expanding Glut
Nationwide supplies rose 9.3 million barrels last week: API Libya, Nigeria boosting output as OPEC seeks production cuts Oil extended losses from the lowest close in more than a month Continue Reading