Oil prices drop as growing supplies stoke glut concerns
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. Oil prices fell more than 1 percent on Continue Reading
Crude Rises In Spite Of Poor Economic Data
Crude has just given up the ghost of a rally, as poor economic data weighs on broader market sentiment again. As the dollar rallies, despite waning rate hike hopes, crude Continue Reading
Oil Prices Rise with Gasoline, Diesel
Gasoline made some of its biggest daily gains of the summer as pipeline and refinery outages had traders surging into fuels, eventually pulling crude prices up, too. Light, sweet crude Continue Reading
Oil rises on draw in U.S. crude stocks, but supply worries remain
Oil prices rebounded in early Asian trade on Thursday after falling around 3 percent in the previous session, supported by an unexpected fall in U.S. crude inventories. U.S. crude inventories Continue Reading
Natural Gas Erases Losses After Stockpile Data
Natural gas prices rose to a 2 1/2-month high Thursday, flipping up from losses after data showed a below-average storage addition last week. The U.S. Energy Information Administration said natural-gas Continue Reading
Why the U.S. is a major roadblock for oil output freeze
The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output Continue Reading
Libya resuming oil exports from some major ports
Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related “force majeuere” contractual Continue Reading
The Hidden Costs Of Obamas Cheap Gas
President Obama graciously thanked himself for cheap gasoline at a rally in Philadelphia for Hillary Clinton on Tuesday. To hear him tell it, “Let’s face it; Republicans don’t like to Continue Reading
Oil Holds Below $44 as Libya, Nigeria Seen Adding to Oversupply
Two OPEC nations may boost exports within weeks after conflict Nationwide U.S. crude stockpiles decline 559,000 barrels: EIA Oil held below $44 a barrel amid speculation the global crude glut Continue Reading
Oil rises on draw in U.S. crude stocks, but supply worries remain
Oil prices rebounded in early Asian trade on Thursday after falling around 3 percent in the previous session, supported by an unexpected fall in U.S. crude inventories. U.S. crude inventories Continue Reading