Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive Continue Reading
The Latest on the Syrian civil war (all times local): 10 p.m. The United Nations says it’s extremely concerned at the plight of more than 65,000 people who have fled Continue Reading
Crude inventories probably shrank by 1 million barrels: survey Any OPEC freeze deal may prove ‘self-defeating’: Goldman Sachs Oil extended its biggest loss in three weeks before the release of Continue Reading
The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from Continue Reading
Oil prices slipped Monday on a stronger dollar and expectations of increased production. U.S. crude for September delivery recently fell $1.33, or 2.7%, to $47.19 a barrel on the New Continue Reading
Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as Continue Reading
Deal would show cooperation from new Saudi energy minister Production cap may support prices, producer supply gains OPEC and some producers from outside the group may agree to freeze output Continue Reading
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an imminent oil production freeze (which Continue Reading
Crude oil prices ended one of their longest streaks of gains in years as doubts over possible production action gained traction in early Monday trading. Crude oil prices broke through Continue Reading
Iraq to boost crude shipments by about 5% in the next few days Nigerian militants declare end to attacks for government talks Oil fell after the longest run of gains Continue Reading
