Oil Prices Continue To Rise On Hollow Saudi Comments
Last week Saudi Arabia’s Oil Minister said that the large number of short positions on crude have caused prices to fall, even though the market is already rebalancing itself. This Continue Reading
Oil in Bull Market Heads for Biggest Weekly Gain Since April
WTI, Brent advance more than 20% from early-August low OPEC comments are ‘spark’ behind price gains: Morgan Stanley Oil headed for its strongest weekly increase in four months after entering Continue Reading
Oil Leaps Into a Bull Market
Oil climbed into bull market Thursday, completing the turnaround from a bear market dive in just three weeks as falling stockpiles and talk of an OPEC output cap keep fueling Continue Reading
Oil Companies Need Prices to Keep Rising Past $50 a Barrel
BP Chief Executive Bob Dudley, who coined the phrase “lower for longer” about oil prices,… A rally that pushed international crude-oil prices above $50 a barrel Thursday is a welcome Continue Reading
Oil Price Recovery Likely to Continue, Say Company Executives
Oil prices, which earlier Thursday broke through a key psychological level of $50 a barrel, are likely to continue recovering into next year as supplies tighten, but that recovery is Continue Reading
Brent crude oil prices dip on prospect of record Saudi output
Oil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price Continue Reading
Oil Spikes After EIA Reports Significant Crude, Gasoline Draw
Oil field Oil prices began climbing shortly after the EIA published its weekly inventory report on Wednesday, which showed that crude oil inventories last week fell by 2.5 million barrels Continue Reading
Oil Prices Ticked Higher on Falling Stockpiles
Crude-oil prices ticker higher Wednesday after government data showed falling stockpiles at a time when many traders have feared a glut. The U.S. Energy Information Administration said Wednesday that crude Continue Reading
Oil prices fall on doubts that producers can agree output restraint
Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted a successful outcome from producer talks to rein in ballooning oversupply. International Brent crude oil futures were Continue Reading
Will it matter? That’s the question to ask of any oil producers’ deal: Russell
Asking whether the world’s major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant. Continue Reading