Oil Up 3% As US Jobs Data Hits Dollar; Tumbles On Week
Oil settled up nearly 3 percent on Friday after a weak U.S. jobs report hurt the dollar and boosted commodities, but crude prices still ended the week sharply lower on Continue Reading
Oil Prices Rally As OPEC Deal Seems More Likely
After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend, encouraged higher by an underwhelming employment report and an (initial) strong sell-off Continue Reading
Oil Prices Rally In Spite Of Rising Rig Count
The number of active oil and gas rigs in the United States increased by eight sites this past week, which marked the return of modest growth in American drilling activity, Continue Reading
Oil Snaps Four-Day Losing Streak
Oil prices snapped a four-day losing streak Friday following a report of more muted than expected hiring in August but were still down from the beginning of the week amid Continue Reading
Oil prices jump on rumors and labor numbers
Crude oil prices moved sharply higher in early Friday trading as investors reacted to data less Crude oil prices jumped in early Friday trading on renewed speculation about production moves Continue Reading
Expert Commentary: Traders Turn A Blind Eye To OPEC Rumors
WTI fell from $47 to under $43.40 through Thursday this week with help from a strong USD, growing fatigue among market participants about OPEC’s production ceiling talk and, of course, Continue Reading
Gasoline prices prior to Labor Day lowest in 12 years
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The U.S. average retail price for regular gasoline was $2.24/gallon (gal) on August 29, the lowest price on the Monday Continue Reading
Dollar Strength Takes Its Toll On Oil Prices Again
As we move into September, the return of oversupply fears are clobbering the crude complex lower, with gasoline leading the charge. With Nonfarm Friday on deck tomorrow, bringing the prospect Continue Reading
Oil prices sink as balance sentiment fades
Tepid labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday. Crude oil prices started Continue Reading
Oil steadies as Saudi sees OPEC ‘common position’
Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices. Brent crude futures for Continue Reading