Oil Prices See Biggest Weekly Loss In Six Weeks
Despite a weaker dollar, oil prices are limping lower into the weekend, set for a first weekly decline in six. Next week we get a new month, and an onslaught Continue Reading
Oil Prices Sag Ahead of OPEC Vienna Meeting
Oil prices sagged on Friday as investors locked in earlier gains ahead of a meeting of oil producers this weekend, looking for more hints on a proposed deal to scale Continue Reading
Oil Heads for Weekly Drop as OPEC Meets to Discuss Output Quotas
OPEC committee gathers Friday as Iraq says it should be exempt Brazil to join other non-OPEC producers at meeting on Saturday U.S. oil is set for the first weekly drop Continue Reading
Oil prices dip on doubts OPEC can coordinate output cut
Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets Continue Reading
OPEC officials start meeting on implementing supply cut
OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting Continue Reading
Expert Commentary: The OPEC Oil Rally Is Over
• Oil moved in a narrow $49-$51 range early this week before settling near $49.70 Thursday afternoon. On the bearish side, Russia and Iraq offered uncooperative sound bites regarding production Continue Reading
Exxon warns low oil prices may dent reserves nearly 20 percent
Exxon Mobil Corp, whose oil field assets are being investigated by the U.S. government, warned on Friday it may need to slash proved reserves on its books by nearly 20 Continue Reading
Oil Heads for Weekly Drop as OPEC Meets to Discuss Output Quotas
OPEC committee gathers Friday as Iraq says it should be exempt Brazil to join other non-OPEC producers at meeting on Saturday U.S. oil is set for the first weekly drop Continue Reading
Oil prices dip on doubts OPEC can coordinate output cut
Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets Continue Reading
Oil Prices Rally On Saudi Rhetoric
Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday’s supportive inventory report and the ebb and flow of OPEC Continue Reading