Nigeria signals OPEC production cuts are unlikely: Kachikwu U.S. crude stockpiles seen rising by 900,000 barrels: survey Oil halted below $46 a barrel after the biggest three-day gain since April. Continue Reading
Oil prices remained near five-week highs on Tuesday, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the Continue Reading
Crude hit a one-month high Monday on hopes that the prolonged oil-price rout may drive major producers to reconsider a collective production cap. Brent crude, the global oil benchmark, rose Continue Reading
Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange in New York July 18, 2011. Hedge funds increased their Continue Reading
The Kremlin is on board with efforts made by OPEC to stabilize market prices, but such efforts should be temporary, the Russian energy minister said. Referencing an interview in the Continue Reading
Crude hit a one-month high Monday on hopes that the prolonged oil-price rout may drive major producers to reconsider a collective production cap. Brent crude, the global oil benchmark, rose Continue Reading
Saudis say discussions may include action to stabilize prices Speculators boost bullish WTI crude bets most since January All it took was a few words from OPEC to encourage oil Continue Reading
Saudi Arabia signals it’s open to discuss stabilizing markets U.S. drillers added oil rigs for a seventh week: Baker Hughes Oil extended its advance above $44 a barrel after posting Continue Reading
Oil prices staged a strong rally on Thursday, moving up 4% by the end of the day thanks to positive forecasts from the IEA and comments from the Saudis. (Click Continue Reading
Oil Rig • WTI moved higher on the week by about $1.50 through Thursday as aggressive short covering tied to a bullish IEA report and an informal gathering of OPEC Continue Reading
