Oil Prices Fall on Fed Rate Rise Jitters
Oil prices were down Monday as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market. The October contract of global benchmark Continue Reading
Oil Resumes Drop Near $47 Amid Market-Stabilization Deal Doubts
Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in Continue Reading
Oil prices fall on rising Iraq output, doubt over producer talk prospects
Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized Continue Reading
Oil Pessimists Exit as OPEC Cap Talk Spurs Bets Glut Easing
Speculators cut wagers on lower WTI crude prices by 41%: CFTC OPEC, other producers to meet in Algiers on Sept. 26-28 Oil investors are turning the car around. For a Continue Reading
Ignoring Fundamentals: Speculation Has Been Driving Oil Prices
Crude Oil pipeline 2016 has been a roller coaster year for the oil traders. Markets had a near 100 percent rise from February lows, followed by a drop of more Continue Reading
Oil Prices Post Slight Gains After Janet Yellen Speaks
Oil prices eked out a gain Friday but settled lower for the week after the U.S. Federal Reserve chairwoman left the door open for a sooner-than-later rate increase . U.S. Continue Reading
Oil Trades Near $47 as Saudis See Freeze as Positive for Market
Saudi Arabia’s Khalid Al-Falih doesn’t advocate production cut Iran’s oil minister to attend producer talks in Algiers: Shana Oil traded near $47 a barrel as Saudi Arabia’s energy minister said Continue Reading
Oil prices dip as Saudi Arabia dampens prospects of output freeze
Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil Continue Reading
Oil Under Pressure As Saudi Arabia Downplays OPEC Deal
We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that oil prices have bounced up and Continue Reading
Oil Stabilizes On Falling Dollar
As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar’s gyrations (crude Continue Reading