Νέα της Αγοράς Πετρελαίου

+Oil falls on China economic data, output cuts support. December 14, 2018
LONDON (Reuters) – Oil prices fell on Friday after China reported slower economic growth, pointing to lower fuel demand in the world’s biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers. more…
+Oil falls below $60 a barrel as inventories stay high. December 13, 2018
LONDON (Reuters) – North Sea Brent crude oil fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles. more…
+Oil rises to $61 on Libyan supply cut, U.S. inventories. December 12, 2018
LONDON (Reuters) – Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. more…
+Oil rises thanks to stronger equities, Libyan supply outage. December 11, 2018
LONDON (Reuters) – Oil rose on Tuesday, recouping some of the previous day’s hefty losses as a modest show of strength in global stocks, a slightly weaker dollar and an unplanned supply outage in OPEC member Libya lent support. more…
+Oil slips in line with bearish equities. December 10, 2018
LONDON (Reuters) – Oil fell on Monday, in line with further declines in global stock markets, erasing the gains made last week when producer group OPEC and other key exporters agreed to cut their crude output from January. more…
+Oil edges higher after Russia indicates larger output cut. December 7, 2018
LONDON (Reuters) – Benchmark Brent oil edged up on Friday after indications Russia would contribute a bigger output cut than previously suggested to an OPEC and non-OPEC deal, although prospects for an overall agreement still hung in the balance. more…
+OPEC oil cuts at risk as Russia yet to commit. December 6, 2018
VIENNA (Reuters) – OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday. more…
+Oil sweeps lower as fears of recession dent financial markets. December 5, 2018
LONDON (Reuters) – Oil prices fell on Wednesday, swept lower by a broad decline across financial markets, as concern about the outlook for global growth and evidence of yet more crude supply wiped out half of this week’s gains. more…
+Oil jumps 2 percent on expected OPEC production cuts. December 4, 2018
LONDON (Reuters) – Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply. more…
+Oil surges 5 percent on trade truce, expected supply cuts. December 3, 2018
LONDON (Reuters) – Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply. more…
+Oil prices steady near year lows ahead of G20 and OPEC. November 27, 2018
LONDON (Reuters) – Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. more…
+Oil limps higher after rout, investors remain glum. November 26, 2018
LONDON (Reuters) – Oil prices rose on Monday, scraping back some of the losses after the previous session’s near-7 percent fall, although a darkening demand outlook and uncertainty over global economic growth limited gains. more…
+Oil prices hit year low as OPEC considers output cut. November 23, 2018
LONDON (Reuters) – Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus. more…
+Oil falls on rising U.S. inventories, OPEC talk of cut limits loss. November 22, 2018
LONDON (Reuters) – Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December adding to concerns about a global glut but OPEC talk of an output reduction limited losses. more…
+Oil bounces above $63 after slide, but glut worries persist. November 21, 2018
LONDON (Reuters) – Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. more…
+Oil declines due to supply concerns after four days of gains. November 20, 2018
LONDON (Reuters) – Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts. more…
+Oil rises for a fourth day, buoyed by OPEC supply plans. November 19, 2018
LONDON (Reuters) – Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year. more…
+Oil heads for week of losses despite talk of supply cut. November 16, 2018
LONDON (Reuters) – Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied. more…
+Oil edges higher but market at risk of possible supply glut. November 15, 2018
LONDON (Reuters) – Oil rose on Thursday, stabilizing after losing nearly 7 percent over the previous three days, though concern over the prospect of an oversupplied market next year continued to weigh on prices despite OPEC’s message that it may cut crude output. more…
+Oil Oil rises as OPEC, partners discuss supply cut. November 14, 2018
LONDON (Reuters) – Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. more…
+Oil down 2 percent after Trump urges OPEC not to cut supply. November 13, 2018
LONDON (Reuters) – Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. more…
+Oil gains after Saudi paves the way for an output cut. November 12, 2018
LONDON (Reuters) – Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. more…
+Oil falls below $70 as U.S. crude enters 'bear market'. November 9, 2018
LONDON (Reuters) – Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. more…
+Oil falls as rising global supply forces price U-turn. November 8, 2018
LONDON (Reuters) – Oil edged lower on Thursday, surrendering early gains, as investors focused on the pace of growth in global crude supply, which is increasing more quickly than many had expected. more…
+Oil rises to $73 on report of Russia, Saudi output cut talks. November 7, 2018
LONDON (Reuters) – Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. more…
+Oil prices down on Iran sanction exemptions, demand concerns. November 6, 2018
LONDON (Reuters) – Oil prices declined on Tuesday after Washington granted sanctions exemptions to top buyers of Iranian oil, lifting supply concerns and turning the market’s focus to worries that an economic slowdown may curb fuel demand. more…
+Oil steady as U.S. sanctions on Iran begin, Tehran defiant. November 5, 2018
LONDON (Reuters) – Oil prices steadied on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while, as Tehran said it would defy Washington and continue to sell. more…
+Oil steadies before U.S. sanctions on Iran. November 2, 2018
LONDON (Reuters) – Oil prices steadied on Friday after a week of heavy falls as markets braced for the imposition next week of U.S. sanctions on Iran, which Washington hopes will halt exports of Iranian oil. more…
+Oil prices drop as wave of supply meets global economic gloom. November 1, 2018
LONDON (Reuters) – Oil fell on Thursday, on course for its fourth consecutive week of decline, as rising crude supply met the bearish combination of concern over global growth and weak equity markets. more…
+Oil prices rise ahead of U.S. sanctions on Iran. October 31, 2018
LONDON (Reuters) – Oil prices rose on Wednesday, recovering some ground after two days of losses, as markets braced for the imposition of U.S. sanctions on Iran next week and stock markets clawed back some of their recent losses. more…
+Oil prices fall on rising supply, trade tensions. October 30, 2018
LONDON (Reuters) – Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. more…
+Oil edges lower as economic outlook grows gloomier. October 29, 2018
LONDON (Reuters) – Oil prices inched lower on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. more…
+Oil falls on oversupply worries despite Iran sanctions. October 26, 2018
LONDON (Reuters) – Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand. more…
+Oil prices steady after stock markets plunge. October 25, 2018
LONDON (Reuters) – Oil prices steadied on Thursday, recovering from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011. more…
+Oil falls to $76 as worries mount on demand outlook. October 24, 2018
LONDON (Reuters) – Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil exporter Iran. more…
+Oil falls as Saudi Arabia reassures market on supply. October 23, 2018
LONDON (Reuters) – Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran’s crude exports that start next month. more…
+Oil holds near $80 as Saudi Arabia plans output increase. October 22, 2018
LONDON (Reuters) – Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. more…
+Oil up but set for weekly loss on stock build, trade row. October 19, 2018
LONDON (Reuters) – Oil prices rose on Friday on signs of surging demand in China, the world’s second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity. more…
+Oil falls below $80 on rising U.S. stockpiles. October 18, 2018
LONDON (Reuters) – Oil fell $1 a barrel to below $80 on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. more…
+Oil steadies after surprise draw in U.S. crude stocks. October 17, 2018
LONDON (Reuters) – Oil prices steadied after three days of gains on Wednesday after industry data showed a surprise decline in U.S. crude inventories and tension over the disappearance of a prominent Saudi journalist stoked supply worries. more…
+Oil falls on U.S. shale output, expected stocks data. October 16, 2018
LONDON (Reuters) – Oil prices fell on Tuesday on evidence of higher U.S. oil production and increasing U.S. crude inventories, but reports of a fall in Iranian oil exports helped to limit losses. more…
+Oil prices rise on Saudi tensions; demand outlook drags. October 15, 2018
LONDON (Reuters) – Oil prices rose on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, although concerns over the long-term demand outlook dragged on sentiment. more…
+Oil edges further above $80 but weaker demand view weighs. October 12, 2018
LONDON (Reuters) – Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening. more…
+Oil extends losses as markets fall, inventories climb. October 11, 2018
LONDON (Reuters) – Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected. more…
+Oil steady as IMF cuts outlook, Michael hits U.S. Gulf. October 10, 2018
LONDON (Reuters) – Oil prices steadied on Wednesday after the IMF lowered its global economic growth forecasts, but markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports. more…
+Oil prices rise as Iranian crude exports fall. October 9, 2018
LONDON (Reuters) – Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael. more…
+Oil drops below $83 on expectations Iran will maintain some exports. October 8, 2018
LONDON (Reuters) – Oil dropped below $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. more…
+Oil prices rise on Iran sanctions, outlook uncertain. October 5, 2018
LONDON (Reuters) – Oil prices steadied just below four-year highs on Friday as U.S. sanctions curbed Iran’s exports, tightening global crude supply. more…
+Oil hovers near four-year highs as Saudi, Russia agree supply rise. October 4, 2018
LONDON (Reuters) – Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia. more…
+Oil steadies near 4-year high as Saudi pumps more and Iran sanctions loom. October 3, 2018
LONDON (Reuters) – Oil traded near a four-year high on Wednesday, retreating from session peaks as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and Saudi Arabia had struck a deal to pump more. more…
+Oil trades near four-year peak ahead of sanctions on Iran. October 2, 2018
LONDON (Reuters) – Brent oil prices fell on profit-taking on Tuesday but remained near their highest since November 2014 as markets braced for tighter supply once U.S. sanctions against Iran kick in next month. more…
+Brent oil hits highest since 2014 before U.S. sanctions on Iran bite. October 1, 2018
LONDON (Reuters) – Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before U.S. sanctions against Iran come into force next month. more…
+Oil steady as Saudi supply balances Iran sanctions. September 28, 2018
LONDON (Reuters) – Oil prices steadied on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production. more…
+Oil gains 1 percent ahead of shortfall in Iran supply. September 27, 2018
LONDON (Reuters) – Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time. more…
+Oil eases, but Iran sanctions keep prices near late 2014 highs. September 26, 2018
LONDON (Reuters) – Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up. more…
+Oil hits four-year peak after OPEC+ shows no sign of turning on the taps. September 25, 2018
LONDON (Reuters) – Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. more…
+Oil prices at four-year high after OPEC rebuffs Trump. September 24, 2018
LONDON (Reuters) – Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. more…
+Oil prices rise as focus returns to supply concerns. September 14, 2018
LONDON (Reuters) – Oil rose on Friday, clawing back some territory after prices fell by the most in a month in the previous session, as the focus returned to supply concerns ahead of a November deadline for U.S. sanctions on Iranian crude. more…
+Oil slips from four-month highs on economic concerns. September 13, 2018
LONDON (Reuters) – Oil prices fell on Thursday, slipping back from four-month highs as investors focussed on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. more…
+Oil nears $80 a barrel as concern grows over global supply. September 12, 2018
LONDON (Reuters) – Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production. more…
+U.S. oil exports to Japan, South Korea soar as refiners reap steep discounts. September 11, 2018
SINGAPORE/HOUSTON (Reuters) – U.S. oil exports to Japan and South Korea will rise to record highs this month as Asian refiners take advantage of the steep discounts American sellers are offering after losing Chinese customers amid the trade dispute between Washington and Beijing. more…
+Oil up as U.S. drilling stalls, Iranian sanctions bite. September 10, 2018
LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. more…
+Oil steady as U.S. crude inventories fall, products gain. September 7, 2018
LONDON (Reuters) – Oil prices steadied on Friday as a rise in stocks of refined petroleum products offset a big fall in U.S. crude inventories to the lowest level since 2015. more…
+Oil rises on weaker dollar, but demand doubts remain. September 6, 2018
LONDON (Reuters) – Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong U.S. fuel demand, though demand prospects remain clouded by the turmoil engulfing emerging markets and an escalation in the U.S. trade dispute with China. more…
+Oil drops toward $77 as U.S. storm threat eases. September 5, 2018
LONDON (Reuters) – Oil fell toward $77 a barrel on Wednesday as a tropical storm hitting the U.S. Gulf coast weakened and moved away from oil-producing areas, easing supply concerns. more…
+Oil prices jump as Gulf of Mexico rigs evacuated. September 4, 2018
LONDON (Reuters) – Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. more…
+Oil prices higher as U.S. sanctions limit Iran exports. September 3, 2018
LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. more…
+Oil slips as trade war worries outweigh Iran sanctions. August 31, 2018
LONDON (Reuters) – Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. more…
+Oil rises on Iran sanctions, lower U.S. fuel inventories. August 30, 2018
LONDON (Reuters) – Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories. more…
+Oil steady on lower Iran exports, rising U.S. supply. August 29, 2018
LONDON (Reuters) – Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. more…
+Oil rises to seven-week highs on signs of tighter supply. August 28, 2018
LONDON (Reuters) – The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand. more…
+Oil falls ahead of OPEC+ monitoring committee call. August 27, 2018
LONDON (Reuters) – Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, and ahead of a conference call between members of a committee monitoring an OPEC and non-OPEC deal on output cuts. more…
+Oil rises as U.S. sanctions on Iran cloud supply outlook. August 24, 2018
LONDON (Reuters) – Oil prices rose more than 1 percent on Friday, supported by signs that U.S. sanctions on Iran are already reducing global crude supply. more…
+Oil slips as trade dispute outweighs U.S. stock decline. August 23, 2018
LONDON (Reuters) – Oil prices slipped on Thursday as an escalating trade dispute between the United States and China outweighed news of a decline in U.S. commercial crude inventories. more…
+Oil rises above $74 on report of U.S. inventory drop, Iran sanctions. August 22, 2018
LONDON (Reuters) – Oil hit a two-week high above $74 a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer Iran pointed to tighter supplies. more…
+Oil steady as demand outlook counters boost from Iran sanctions. August 21, 2018
LONDON (Reuters) – Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by concern about the outlook for demand, particularly in light of the trade dispute between Washington and Beijing. more…
+Brent oil stabilizes near $72 as economic concerns weigh. August 20, 2018
SINGAPORE/MOSCOW (Reuters) – Brent oil stabilized near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in supply from Iran due to U.S. sanctions. more…
+Oil heads for weekly loss on economic growth concerns. August 17, 2018
TOKYO/MOSCOW (Reuters) – Oil prices edged up on Friday but were heading for yet another weekly decline amid increasing concern over trade disputes and slowing global economic growth that could hit demand for petroleum products. more…
+Oil edges up, darker demand outlook tempers gains. August 16, 2018
LONDON (Reuters) – Oil edged higher as global markets steadied on Thursday, recouping some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check. more…
+Oil rises on concern over Saudi and Iranian supply. August 14, 2018
LONDON (Reuters) – Oil prices jumped on Tuesday after Saudi Arabia said it cut production, adding to concerns over global supply as U.S. sanctions against Iran curb its exports, though the prospect of a slowdown in global economic growth kept a lid on markets. more…
+Oil steady as emerging market woes dim demand outlook. August 13, 2018
LONDON (Reuters) – Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. more…
+Oil steady as Iran sanctions balance impact of trade war. August 10, 2018
LONDON (Reuters) – Oil prices steadied on Friday as concerns that a global trade dispute will slow economic growth and demand for fuel were balanced by U.S. sanctions against Iran that look set to tighten supply. more…
+Oil steadies as U.S. sanctions on Iran kick in. August 9, 2018
LONDON (Reuters) – Oil rose on Thursday, recouping some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude demand has been hit by the escalating China-U.S. trade dispute. more…
+Oil steady as concerns over Iran sanctions offset weak Chinese imports. August 8, 2018
SINGAPORE/LONDON (Reuters) – Oil prices steadied on Wednesday despite relatively weak Chinese import data as the market remained supported by falling U.S. crude inventories and the introduction of sanctions against Iran. more…
+Oil up as U.S. sanctions on Iran expected to tighten supply. August 7, 2018
LONDON (Reuters) – Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply. more…
+Oil gains after monthly Saudi output unexpectedly drops. August 6, 2018
LONDON (Reuters) – Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel. more…
+Oil futures edge lower on longer-term bearish factors. August 3, 2018
LONDON (Reuters) – Oil prices were down on Friday as the market re-focused on bearish longer term factors following a bounce in the previous session as U.S. crude inventories in a key hub fell to their lowest in nearly four years. more…
+Oil falls for a third day, dented by rising tide of supply. August 2, 2018
LONDON (Reuters) – Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply. more…
+Oil falls below $74 on U.S. inventories, OPEC supply. August 1, 2018
LONDON (Reuters) – Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply. more…
+Brent facing biggest monthly slide in two years on supply rise. July 31, 2018
LONDON (Reuters) – Sliding Brent crude futures were on track for their biggest monthly loss in two years on Tuesday after a Reuters survey showed OPEC’s oil output hit a 2018 high in July, reigniting concern about supply overtaking demand. more…
+Oil prices edge higher but trade row caps gains. July 30, 2018
LONDON (Reuters) – Oil rose on Monday as investors remained cautious over the supply outlook, having gained nearly 5 percent in price since the middle of July. more…
+Brent eases but on course for weekly gain. July 27, 2018
LONDON (Reuters) – Oil prices edged lower on Friday in quiet trading, though Brent futures were set for a weekly gain thanks to Saudi Arabia halting crude transport through a key shipping lane and easing trade tensions between Washington and Europe. more…
+Brent oil rises as Saudi Arabia suspends some shipments. July 26, 2018
LONDON (Reuters) – Brent crude prices rose on Thursday after Saudi Arabia suspended its oil shipments through a Red Sea strait in response to an attack on two of the country’s tankers. more…
+Oil prices rise after U.S. crude inventories fall. July 25, 2018
LONDON (Reuters) – Oil prices rose for a second day on Wednesday after data showed U.S. crude inventories fell more than expected, easing worries about oversupply that have dragged on markets in recent weeks. more…
+Oil steady as U.S.-Iran row balances trade worries. July 24, 2018
LONDON (Reuters) – Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic growth and perhaps weaker energy demand. more…
+Oil higher on Middle East, North Sea supply worries. July 23, 2018
LONDON (Reuters) – Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea. more…
+Oil prices fall on trade worries. July 20, 2018
LONDON (Reuters) – Oil prices came under pressure on Friday from U.S.-China trade tensions and were on course for a third straight week of falls. more…
+Oil prices fall on record U.S. output, stock build. July 19, 2018
LONDON (Reuters) – Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production. more…
+Oil prices fall on U.S. stock rise, higher supply. July 18, 2018
LONDON (Reuters) – Oil benchmark Brent crude hit a three-month low on Wednesday after a rise in U.S. crude inventories highlighted increasing global supply and concerns over weak demand. more…
+Brent crude oil hits three-month low as output rises. July 17, 2018
LONDON (Reuters) – Global benchmark Brent crude oil hit a three-month low on Tuesday as worries over supply disruptions eased and the focus moved to increasing production and potential damage to global growth from the U.S.-China trade dispute. more…
+Oil prices fall but supply tight with focus on outages. July 16, 2018
LONDON (Reuters) – Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. more…
+Oil falls toward $73 per barrel as supply concerns ease. July 13, 2018
TOKYO/LONDON (Reuters) – Oil prices fell more than 1 percent on Friday, set for a second straight week of decline as Libyan ports reopen and amid hopes that Iran will still export some crude despite U.S. sanctions. more…
+Oil rallies as IEA warns of output capacity limits. July 12, 2018
LONDON (Reuters) – Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya said it would resume oil exports. more…
+Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen. July 11, 2018
LONDON (Reuters) – Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals. more…
+Oil rises above $79 a barrel on Norway strike, Libyan disruption. July 10, 2018
TOKYO/LONDON (Reuters) – Oil prices rose more than $1 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. more…
+Oil prices climb on global demand, U.S. sanctions on Iran. July 9, 2018
LONDON (Reuters) – Oil prices rose on Monday as increased global demand and U.S. efforts to shut out Iranian output using sanctions outweighed drilling data suggesting U.S. shale production would climb. more…
+Oil slips below $77, weighed down by Saudi output boost, trade tensions. July 6, 2018
LONDON (Reuters) – Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. more…
+Oil near three-and-a-half year high despite Trump demand that OPEC cut prices. July 5, 2018
LONDON (Reuters) – Oil traded near its highest in 3-1/2 years on Thursday, boosted by potential disruptions to flows from Iran and the Middle East despite a fresh demand from U.S. President Donald Trump that OPEC cut prices. more…
+Brent crude firm on drop in U.S. inventories, Middle East tension. July 4, 2018
LONDON (Reuters) – Brent oil extended gains on Wednesday due to Middle East tensions and a drop in U.S. crude inventories for the second week in a row caused by an outage at a Canadian facility. more…
+Oil climbs on Libya force majeure, Canada outage. July 3, 2018
LONDON (Reuters) – Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lift U.S. crude to 3-1/2-year highs. more…
+Oil falls as Saudi, Russian output rises. July 2, 2018
LONDON (Reuters) – Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States. more…
+Oil climbs as market tightens on lost supply. June 29, 2018
LONDON (Reuters) – Oil prices rose on Friday as U.S. sanctions against Iran threatened to remove a substantial volume of crude oil from world markets at a time of rising global demand. more…
+U.S. oil prices steady ahead of sanctions on Iran. June 28, 2018
LONDON (Reuters) – Oil prices steadied on Thursday, with U.S. crude pulling back from 3-1/2-year highs, but supply remained tight with investors concerned by the prospect of a big fall in crude exports from Iran due to U.S. sanctions. more…
+Oil rises on supply losses, U.S. push to isolate Iran. June 27, 2018
LONDON (Reuters) – Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November. more…
+Oil steady as outages balance trade dispute, OPEC. June 26, 2018
LONDON (Reuters) – Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and escalating trade conflicts between the United States and other major economies. more…
+Oil drops after OPEC+ output deal, but markets to stay tight. June 25, 2018
LONDON (Reuters) – Brent crude oil fell by more than 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production. more…
+Oil prices rise as OPEC meets. June 22, 2018
LONDON (Reuters) – Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate for losses in production at a time of rising global demand. more…
+Oil falls 2 percent as OPEC nears deal to raise production. June 21, 2018
LONDON (Reuters) – Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. more…
+Oil steady ahead of OPEC meeting. June 20, 2018
LONDON (Reuters) – Oil prices steadied on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which may increase global production. more…
+Oil steady ahead of OPEC, pressured by China tariffs. June 18, 2018
LONDON (Reuters) – Oil prices steadied on Monday ahead of an OPEC meeting that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China. more…
+Oil falls as focus moves to prospect of higher supply. June 15, 2018
LONDON (Reuters) – Oil prices fell on Friday ahead of an OPEC meeting in Vienna next week as two of the world’s biggest producers, Saudi Arabia and Russia, indicated they were prepared to increase output. more…
+Oil steadies but specter of higher supply curbs gains. June 14, 2018
LONDON (Reuters) – Oil prices mostly steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world’s largest exporters. more…
+Oil eases; OPEC cites uncertain market outlook for 2018. June 12, 2018
LONDON (Reuters) – Oil prices eased on Tuesday, paring earlier gains, although volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week. more…
+Oil prices slip as U.S. and Russian supplies grow. June 11, 2018
LONDON (Reuters) – Oil prices slipped on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three years but supported by concerns over future Iranian and Venezuelan output. more…
+Oil prices fall on dip in China demand, surging U.S. output. June 8, 2018
SINGAPORE/LONDON (Reuters) – Oil prices fell on Friday, as weakening demand in China and surging U.S. output weighed on markets despite supply woes in Venezuela and Iran as well as OPEC’s production cuts. more…
+Oil rises as reality dawns over Venezuela's export crisis. June 7, 2018
LONDON (Reuters) – Oil rose on Thursday on concerns about a plunge in exports from Venezuela, although surging U.S. production kept gains in check. more…
+Oil steady on Venezuela exports, supply concerns. June 6, 2018
LONDON (Reuters) – Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing worries about oversupply after reports that the U.S. government had asked Saudi Arabia and some other producers to increase output. more…
+Oil nears one-month low on report U.S. asked OPEC to raise supply. June 5, 2018
LONDON (Reuters) – Brent crude futures hit their lowest in close to a month on Tuesday following a report that the U.S. government had asked Saudi Arabia and other major exporters to increase oil output. more…
+Oil down as U.S. supply grows, OPEC considers higher output. June 4, 2018
LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply. more…
+Oil retreats but cautious before OPEC meeting. May 31, 2018
LONDON (Reuters) – Oil edged lower on Thursday on expectations of a rise in U.S. crude inventories and the prospect of increased output from OPEC later this year. more…
+Oil edges towards $76, supported by tight supplies. May 30, 2018
LONDON (Reuters) – Oil climbed towards $76 a barrel on Wednesday, supported by tight supplies despite expectations OPEC and its allies will pump more in the second half of 2018 and helped by forecasts U.S. inventories fell. more…
+Oil falls as investors brace for output increases. May 29, 2018
LONDON (Reuters) – Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. more…
+Oil prices slump as Saudi Arabia and Russia consider output boost. May 25, 2018
LONDON (Reuters) – Oil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014. more…
+Oil slips further below $80 a barrel as focus on OPEC intensifies. May 24, 2018
LONDON (Reuters) – Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal that has been in place since the start of 2017 due to concerns about supplies from Venezuela and Iran. more…
+Oil falls as investors grow wary of OPEC commitment to supply deal. May 23, 2018
LONDON (Reuters) – Oil fell on Wednesday, under pressure from a potential increase in OPEC crude output to cool the market’s recent rally and cover any shortfalls in supply from Iran and Venezuela. more…
+Oil rises towards $80 as supply concerns mount. May 22, 2018
LONDON (Reuters) – Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. more…
+Oil rises as U.S. says trade war with China is 'on hold'. May 21, 2018
LONDON (Reuters) – Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China “on hold”. more…
+Oil prices set for sixth week of gains, India sounds alarm. May 18, 2018
LONDON (Reuters) – Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns. more…
+Oil hits $80, highest since Nov 2014, on Iran concerns. May 17, 2018
LONDON (Reuters) – Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. more…
+Oil eases, signs of demand slowing as price nears $80. May 16, 2018
LONDON (Reuters) – Oil eased on Wednesday after a rise in U.S. crude inventory added to signs demand may be slowing in spite of ongoing output cuts by producer group OPEC and imminent U.S. sanctions against Iran. more…
+Oil hits multi-year high on tight supply, Iran sanctions. May 15, 2018
LONDON (Reuters) – Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East. more…
+Oil steady near multi-year highs as U.S. drilling rises. May 14, 2018
LONDON (Reuters) – Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production. more…
+Oil near multi-year highs as Iran sanctions tighten supply outlook. May 11, 2018
LONDON (Reuters) – Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. more…
+Oil set for biggest weekly rise in a month as Iran sanctions loom. May 10, 2018
LONDON (Reuters) – The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions. more…
+Oil soars, dollar roars as Trump dumps Iran nuclear deal. May 9, 2018
LONDON (Reuters) – Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar continued its tireless ascent and world stocks held steady. more…
+Oil recedes as market awaits Trump decision on Iran. May 8, 2018
LONDON (Reuters) – Oil retreated from 3-1/2 year highs on Tuesday as investors waited for an announcement by President Donald Trump later in the day on whether the United States will reimpose sanctions on Iran. more…
+Oil surges to fresh highs on growing supply worries. May 7, 2018
LONDON (Reuters) – Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose sanctions on Iran. more…
+Oil strong as U.S. decision on Iran sanctions looms. May 4, 2018
LONDON (Reuters) – Oil prices strengthened on Friday but stayed below recent highs as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran. more…
+Oil slips as OPEC, Iran worries bump against U.S. output. May 3, 2018
LONDON (Reuters) – Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran. more…
+Oil eases as Iran ramps up exports and U.S. storage tanks fill up. May 2, 2018
LONDON (Reuters) – Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions on Tehran. more…
+Rising U.S. rig count knocks oil, but prices remain near 3-year highs. April 30, 2018
LONDON (Reuters) – Oil fell on Monday after a rising rig count in the United States suggested the shale boom is showing no signs of slowing, but prices remain near their highest in more than three years and are set for a second straight month of gains. more…
+Oil prices inch down but supported by Iran concerns. April 27, 2018
LONDON (Reuters) – Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for a third week of gains amid supply concerns should the United States reimpose sanctions on Iran. more…
+Oil gains as concern heats up over Iran sanctions, Venezuelan output. April 26, 2018
LONDON (Reuters) – Oil rose on Thursday, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand. more…
+Oil hovers near $74 a barrel, U.S. bonds, crude supply cast a shadow. April 25, 2018
LONDON (Reuters) – Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. more…
+Oil tops $75, highest since 2014 OPEC meeting that led to pump war. April 24, 2018
LONDON (Reuters) – Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. more…
+Oil dips as rising U.S. yields steer bulls. April 23, 2018
LONDON (Reuters) – Oil prices were little changed at around $74 a barrel on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish. more…
+Oil falls after Trump criticizes OPEC for artificially high prices. April 20, 2018
LONDON (Reuters) – Oil prices fell on Friday after U.S. President Donald Trump criticized OPEC and said oil prices were artificially high, but they were still set for a weekly gain. more…
+Oil near 3-1/2 year highs as Saudi backs higher prices, U.S. stocks draw. April 19, 2018
SINGAPORE (Reuters) – Oil prices rose on Thursday to their highest in over three years as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies. more…
+Oil breaks above $72 as supply concerns build. April 18, 2018
LONDON (Reuters) – Oil prices extended gains on Wednesday, lifted by a reported decline in U.S. crude inventories and the risk of supply disruptions. more…
+Oil supported as investors factor in supply risks. April 17, 2018
LONDON (Reuters) – Oil edged up on Tuesday, supported by investors’ growing concern over the potential for disruptions to crude supply, especially in the Middle East. more…
+Oil prices drop as fears about Syria strikes fallout wane. April 16, 2018
LONDON (Reuters) – Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. more…
+Oil dips but still on track for biggest weekly gain since July. April 13, 2018
LONDON (Reuters) – Oil prices slipped slightly on Friday but were still heading for their largest weekly gain since July after U.S. President Trump’s comments about possible military action in Syria and reports of dwindling global oil stocks. more…
+Oil edges off highs, but geopolitical tensions loom. April 12, 2018
LONDON (Reuters) – Oil markets edged back from highs last reached in late 2014 as ample supplies weighed, but prices were underpinned by worries over military escalation in Syria and trade tensions between the United States and China. more…
+Brent hits highest since 2014 after Trump warns missiles 'will be coming'. April 11, 2018
LONDON (Reuters) – Oil hit its highest in more than three years on Wednesday after U.S. President Donald Trump threatened to fire missiles at Syria in response to a suspected chemical attack last week. more…
+Oil tumbles after China slaps tariffs on U.S. goods. April 4, 2018
LONDON (Reuters) – Oil prices fell on Wednesday after China said it would impose tariffs on a number of U.S. goods including agricultural products, raising the prospect of a growing trade war that could impact global growth. more…
+Oil inches up, but rising Russian output still weighs. April 3, 2018
BEIJING/SINGAPORE (Reuters) – Oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in U.S. production. more…
+Oil creeps up towards $70 on lower U.S. drilling, Iran sanctions concern. April 2, 2018
LONDON (Reuters) – Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. more…
+Oil prices slip as U.S. supply growth offsets OPEC support. March 29, 2018
LONDON (Reuters) – Oil lingered below this week’s highs on Thursday, support from OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories. more…
+Oil eases back from 2018 highs above $70 a barrel. March 28, 2018
LONDON (Reuters) – Oil fell on Wednesday as investors took profit on a rally the previous day to this year’s highs after a report showed a surprisingly large increase in U.S. crude inventories. more…
+Oil holds above $70 as geopolitics eclipses supply outlook. March 27, 2018
LONDON (Reuters) – Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by concerns that tensions in the Middle East could lead to supply disruptions, although with global output rising fast, investors remained cautious. more…
+Oil buoyed by Saudi talk of extending output cuts into 2019. March 23, 2018
LONDON (Reuters) – Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019. more…
+Oil retreats after hitting six-week highs near $70 a barrel. March 22, 2018
LONDON (Reuters) – Oil prices fell on Thursday as investors booked profits after this week’s rally, but losses were limited by the ongoing efforts of OPEC and its allies to curb supplies. more…
+Oil nears six-week highs as concern grows over Middle East. March 21, 2018
LONDON (Reuters) – Oil rose for a second day on Wednesday, nearing its highest in six weeks after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply. more…
+Oil rises to March high on Middle East tensions, Venezuela concerns. March 20, 2018
LONDON (Reuters) – Oil rose on Tuesday to its highest level so far this month, lifted by tension in the Middle East and the possibility of further falls in Venezuelan output. more…
+Oil prices slip but Saudi-Iran tensions limit losses. March 19, 2018
LONDON (Reuters) – Oil prices eased on Monday after rallying at the end of last week, but tensions between Saudi Arabia and Iran helped limit losses. more…
+Oil gains as Chinese factory data boosts commodities. March 14, 2018
LONDON (Reuters) – Oil prices rose on Wednesday as strong Chinese factory activity boosted commodity markets and China’s own crude production fell, but fast-growing U.S. output tempered gains. more…
+Oil eases as rising U.S. output puts pressure on prices. March 13, 2018
LONDON (Reuters) – Oil fell on Tuesday as investors took profits after a brief uptick in prices, while U.S. data that showed crude output is growing faster than expected continued to put pressure on the market. more…
+Oil, briefly up on lower rig counts, falls on U.S. output outlook. March 12, 2018
LONDON (Reuters) – Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by lower weekly U.S. rig counts and falling U.S. unemployment. more…
+Oil up after sell-offs amid optimism about Trump meeting Kim. March 9, 2018
LONDON (Reuters) – Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korean leader Kim Jong Un and U.S. President Donald Trump. more…
+Oil prices under pressure from rising U.S. inventories, output. March 8, 2018
LONDON (Reuters) – Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row against a backdrop of rising U.S. crude production and an increase in inventories. more…
+Oil caught in broader market downdraught as concern grows over U.S. trade. March 7, 2018
LONDON (Reuters) – Oil fell on Wednesday, in line with a broad decline on global financial markets, after a key advocate for free trade in the U.S. government resigned, feeding concern that Washington will go ahead with import tariffs and risk a trade war. more…
+Oil steady as rally fizzles, OPEC-led cuts lend support. March 6, 2018
LONDON (Reuters) – Oil was broadly unchanged on Tuesday, as a recovery from last week’s lows fizzled out, although ongoing production restrictions by the world’s largest exporters prevented prices from falling back. more…
+Oil prices fall as U.S. shale output growth gathers pace. March 5, 2018
LONDON (Reuters) – Oil prices edged lower toward $64 per barrel on Monday on predictions of a major spike in U.S. oil output in the next five years. more…
+Oil set for weekly drop as stock markets, U.S. inventories weigh. March 2, 2018
LONDON (Reuters) – Oil prices were set on Friday to post their first weekly decline in three weeks following a sell-off in global stock markets after news of planned U.S. tariffs on steel and aluminum raised fears of a trade war. more…
+Oil falls for third day as higher inventories, dollar weigh. March 1, 2018
LONDON (Reuters) – Oil prices fell for a third day on Thursday, dropping toward $64 a barrel as rising U.S. inventories, record output and a stronger dollar outweighed high OPEC compliance with its supply-cutting deal. more…
+Oil struggles to shake off concern over demand after China data. February 28, 2018
LONDON (Reuters) – Oil prices struggled to stay in positive territory on Wednesday after data showed industrial activity in some of the world’s major crude-consuming nations has softened. more…
+Oil eases as possible rise in U.S. stocks outweighs faith in OPEC. February 27, 2018
LONDON (Reuters) – Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories, although investor faith in OPEC’s ability to curtail production helped stem a larger price slide. more…
+Oil steady after hitting three-week top; Saudis to keep output below cap. February 26, 2018
LONDON (Reuters) – Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global supplies. more…
+Oil eases as dollar rises, U.S. inventories expected to rise. February 21, 2018
LONDON (Reuters) – Oil prices eased on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production. more…
+Brent crude sags, while lower Canadian supply boosts U.S. futures. February 20, 2018
LONDON (Reuters) – Brent crude oil prices fell on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while U.S. futures gained, bringing the discount between the two key futures contracts to a six-month low. more…
+Oil near one-week high on weak dollar, stocks rally. February 16, 2018
LONDON/TOKYO (Reuters) – Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years.more…
+Oil prices pare gains on darker outlook for global balance. February 13, 2018
LONDON (Reuters) – Oil stabilized on Tuesday, paring gains made earlier in line with a recovery on global stock markets, after a forecasting agency estimated world crude supply could overtake demand this year, potentially undermining producer efforts to curb supply.more…
+Oil gains 2 percent as global markets stabilize, dollar dips. February 12, 2018
LONDON (Reuters) – Oil rose nearly 2 percent on Monday, recovering some of last week’s steep losses as global equities steadied after their largest one-week slide in two years.more…
+Oil slides towards steep weekly loss as supply fears mount. February 9, 2018
LONDON (Reuters) – Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.more…
+Oil eases, but avoids stocks-style volatility. February 6, 2018
LONDON (Reuters) – Oil fell for a third day on Tuesday, as a rout in global equities triggered losses across bonds, cryptocurrencies and commodities, although the crude price is in positive territory so far this year. more…
+Oil drops for a third day; set for strongest January since 2013. January 31, 2018
LONDON (Reuters) – Oil fell for a third day on Wednesday, but remained on track for its biggest gain in January in five years, in spite of data that showed U.S. crude stocks rose more than expected last week and a broader selloff in other commodities, stocks and bonds. more…
+Oil falls below $69 as stronger dollar dents risk assets. January 30, 2018
LONDON (Reuters) – Oil fell below $69 a barrel on Tuesday for the first time in six days, driven by rising U.S. output and as a strengthening dollar dented risk-linked assets. more…
+Oil dips but still set for strongest January in five years. January 29, 2018
LONDON (Reuters) – Oil eased below $70 a barrel on Monday as rising U.S. output undermined efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. more…
+Oil rally fades as headwinds loom, but weak dollar underpins. January 26, 2018
LONDON (Reuters) – The oil rally paused for breath on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar continued to underpin prices. more…
+Oil hits $71 for first time since 2014 on tighter supply and weak dollar. January 25, 2018
LONDON (Reuters) – Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar. more…
+Brent crude eases after surprise rise in U.S. inventories. January 24, 2018
LONDON (Reuters) – Brent oil prices eased on Wednesday, under pressure from a rise in U.S. crude and gasoline inventories although crude prices remained near three-year highs. more…
+Oil rises on IMF world growth outlook, OPEC-led supply curbs. January 23, 2018
LONDON (Reuters) – Oil prices rose on Tuesday, lifted by healthy world economic growth prospects and production curbs by OPEC, Russia and their allies. more…
+Oil holds near 2014 high, supported by threat of Nigeria attack. January 18, 2018
LONDON (Reuters) – Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria’s petroleum industry, although a reported rise in U.S. fuel supplies weighed. more…
+Oil loses early gains, but still well supported. January 17, 2018
LONDON (Reuters) – Oil prices weakened following early gains on Wednesday, but remained underpinned by tightening supply and strong global demand. more…
+Oil hovers below $70 highs, clouded by rise in U.S. output. January 15, 2018
LONDON (Reuters) – Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production. more…
+Oil retreats from $70 highs but set for fourth week of gains. January 12, 2018
LONDON (Reuters) – Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous day, but remained on track to post a fourth straight week of gains. more…
+U.S. oil hits highest since 2014, worries grow of overheated market. January 10, 2018
LONDON (Reuters) – U.S. oil prices hit their highest since 2014 on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.more…
+Oil hits highest since May 2015 above $68 on tighter market. January 9, 2018
LONDON (Reuters) – Oil rose further above $68 a barrel briefly on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week. more…
+Oil approaches 2015 highs on fewer U.S. rigs, OPEC. January 8, 2018
SINGAPORE/LONDON (Reuters) – Oil prices rose on Monday, coming close to new three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts.more…
+Oil retreats after hitting 2015 highs. January 5, 2018
SINGAPORE/LONDON (Reuters) – Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that were driven by tightening supply and political tensions in OPEC member Iran. more…
+Oil hits highest since 2015 as Iran unrest spooks market. January 4, 2018
LONDON (Reuters) – Oil rose to its highest since May 2015 on Thursday, supported by unrest in Iran that has raised concerns about supply risks, cold weather in the United States which is boosting demand and OPEC-led output cuts. more…
+Oil dips away from mid-2015 highs as higher output looms. January 3, 2018
SINGAPORE/LONDON (Reuters) – Oil prices held steady on Wednesday near mid-2015 highs reached the previous session as high output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran. more…
+Oil posts strongest year opening since 2014; Iran unrest pushes up crude. January 2, 2018
SINGAPORE (Reuters) – Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.more…
+Oil near mid-2015 highs on strong China data, tighter 2018 outlook. December 28, 2017
SINGAPORE (Reuters) – Oil prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend. more…
+Oil falls from 2015 highs as rally runs out of steam. December 27, 2017
SINGAPORE/LONDON (Reuters) – Oil prices fell on Wednesday after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of steam despite supply outages in Libya and the North Sea. more…
+Oil dips from highs but OPEC cuts still support market. December 22, 2017
SINGAPORE/LONDON (Reuters) – Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual. more…
+Oil falls as UK North Sea oil pipeline moves closer to restart. December 21, 2017
LONDON (Reuters) – Oil prices fell on Thursday after the operator of Britain’s Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas. more…
+North Sea pipeline outage, lower U.S. crude stocks support oil prices. December 20, 2017
LONDON (Reuters) – Brent crude prices steadied on Wednesday while WTI futures edged higher, supported by expectations of a fall in U.S. inventories and the continued outage of the North Sea Forties pipeline system. more…
+Rising U.S. output pulls oil prices back from session highs. December 14, 2017
LONDON (Reuters) – Oil prices eased back from session highs on Thursday after the International Energy Agency increased its forecast for U.S. oil output growth in 2018, raising the prospect of excess supply. more…
+Oil up on U.S. crude stocks draw, Forties outage supports. December 13, 2017
LONDON (Reuters) – Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster the market. more…
+Oil tops $65, first time since 2015, on UK pipeline outage. December 12, 2017
LONDON (Reuters) – Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday after a shutdown of the UK’s biggest North Sea oil pipeline, which helps set the benchmark for global prices. more…
+Oil prices under pressure from rise in U.S. drilling rigs. December 11, 2017
LONDON (Reuters) – Oil prices edged lower on Monday as rising U.S. drilling activity pointed to a further increase in American production, countering OPEC-led output cuts. more…
+Oil edges up on Chinese demand, but weekly losses loom. December 8, 2017
LONDON (Reuters) – Oil prices edged up on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter. more…
+Oil falls after rise in U.S. fuel stocks; doubt grows over global growth. December 6, 2017
LONDON (Reuters) – Oil prices fell on Wednesday after a surprise rise in U.S. inventories of refined products in what the market interpreted as a sign of flagging demand. more…
+Oil steadies above $62, expected fall in U.S. inventory supports. December 5, 2017
LONDON (Reuters) – Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States.more…
+Oil prices rise after OPEC extends output curbs. December 1, 2017
LONDON (Reuters) – Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global oil glut.more…
+Oil edges up as OPEC signals deal extension. November 30, 2017
LONDON (Reuters) – Oil prices rose on Thursday as an OPEC-led meeting started in Vienna after initial comments from the group’s members suggested an extension of current crude output curbs until the end of 2018 would be its most likely outcome.more…
+Oil falls on doubts over OPEC, pipeline restart. November 28, 2017
LONDON (Reuters) – Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year.more…
+Oil slips on U.S. drilling but OPEC cuts support market. November 27, 2017
LONDON (Reuters) – Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects of higher output but losses were limited before an OPEC meeting that is expected to extend output limits.more…
+Oil prices up, U.S. crude at more than two-year high on pipeline outage. November 24, 2017
LONDON (Reuters) – Oil prices climbed on Friday, with U.S. oil crude hitting a more than two-year high as North American markets tightened on the partial shutdown of a pipeline linking Canada with the United States. more…
+U.S. oil prices ease from two-year highs on oversupply worries. November 23, 2017
LONDON (Reuters) – U.S. oil prices eased back from a two-year high on Thursday, as concerns about oversupply outweighed the impact of a pipeline shutdown in the United States. more…
+U.S. crude extends rally to $58, first time since 2015. November 22, 2017
LONDON (Reuters) – Oil extended gains on Wednesday, with U.S. crude hitting $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further. more…
+Oil steadies as caution sets in ahead of OPEC meeting. November 21, 2017
LONDON (Reuters) – Oil prices were only slightly firmer on Tuesday as traders looked ahead to a meeting next week at which major crude exporters are expected to extend production cuts but the prospect of rising U.S. output capped gains. more…
+Oil eases as traders and investors grow edgy ahead of OPEC. November 20, 2017
LONDON (Reuters) – Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices.more…
+Oil climbs, but still set for first weekly fall in six. November 17, 2017
LONDON (Reuters) – Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply.more…
+Oil steady as expected output pact extension offsets U.S. supply. November 16, 2017
LONDON (Reuters) – Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production and inventories.more…
+Oil prices slide after IEA casts doubt over demand outlook. November 15, 2017
LONDON (Reuters) – Oil prices slipped for the fourth day in a row on Wednesday on a gloomy outlook for oil demand growth from the International Energy Agency and worries that data expected later in the day would show U.S. output rising, undermining OPEC cuts.more…
+Oil steady, tempered by caution over rising U.S. output. November 14, 2017
LONDON (Reuters) – Oil prices held largely steady on Tuesday as the prospect of further rises in U.S. output offset some of the optimism that OPEC-led production cuts would tighten the balance between crude supply and demand.more…
+Oil steadies near two-year highs as geopolitics offset U.S. supply. November 13, 2017
LONDON (Reuters) – Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising U.S. production, although record fund bets on a rally kept the price in sight of two-year highs. more…
+Oil markets creep higher on supply pact expectations. November 10, 2017
LONDON (Reuters) – Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month. more…
+Oil prices stabilize just below two-year highs. November 9, 2017
LONDON (Reuters) – Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by major exporters, but analysts said the market could be vulnerable to a sell-off after several months of gains.
more…
+Oil steadies as Middle East tensions offset concern over China demand. November 8, 2017
LONDON (Reuters) – Oil steadied on Wednesday as Chinese crude imports fell to a one-year low, but losses were offset by investor caution over rising political tensions in the Middle East. more…
+Oil hits two-year high on Saudi purge, world shares retreat. November 6, 2017
LONDON (Reuters) – Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges. more…
+Oil near two-year highs as tightening market woos buyers. November 3, 2017
AMSTERDAM (Reuters) – Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply. more…
+Oil slips from highs but still strong on OPEC-led cuts. November 2, 2017
LONDON (Reuters) – Oil prices slipped from two-year highs on Thursday but sentiment remained strong as supply cuts by OPEC and other major exporters tightened the market and drained inventories. more…
+Oil hits highest since mid-2015 as OPEC sticks to supply deal. November 1, 2017
LONDON (Reuters) – Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.more…
+Oil prices near two-year highs as supply cuts bite. October 31, 2017
LONDON (Reuters) – Oil prices steadied on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent to more than two-year highs above $60 per barrel. more…
+Brent crude oil approaches $60 as markets tighten. October 27, 2017
LONDON (Reuters) – Oil prices edged lower on Friday, with Brent crude trading just below $60 a barrel buoyed by comments from Saudi Arabia’s crown prince backing the extension of OPEC-led output cuts. more…
+Oil eases but still near four-week highs after Saudi supply pledge. October 25, 2017
LONDON (Reuters) – Oil steadied on Wednesday near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for three years. more…
+Oil rises towards $58 on Saudi comments, forecast of US stocks drop. October 24, 2017
LONDON (Reuters) – Oil rose towards $58 a barrel on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts of a further drop in U.S. crude inventories. more…
+Oil set for weekly loss as profit-taking outweighs Mideast strife. October 20, 2017
LONDON (Reuters) – Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude. more…
+Oil slips but holds most recent gains on expected OPEC cuts. October 19, 2017
LONDON (Reuters) – Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower U.S. production. more…
+Oil rises on expected fall in U.S. inventories, geopolitical tensions. October 18, 2017
AMSTERDAM (Reuters) – Oil prices rose on Wednesday as weekly U.S. crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums. more…
+Oil builds on gains as Iraq, U.S.-Iran tension raises risks. October 17, 2017
LONDON (Reuters) – Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and Iran.more…
+Oil rises as fighting escalates in Iraq's oil-rich Kirkuk. October 16, 2017
LONDON (Reuters) – Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. more…
+Oil rallies on Chinese import boost and Mideast tensions. October 13, 2017
LONDON (Reuters) – Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. more…
+Oil prices fall on higher U.S. crude inventories. October 12, 2017
LONDON (Reuters) – Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. more…
+Oil rises above $56 on Saudi export cut. October 10, 2017
LONDON (Reuters) – Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. more…
+Oil prices stable after OPEC signals possible further action. October 9, 2017
AMSTERDAM (Reuters) – Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments signaling the group and other producers may take further action to restore market balance in the long term. more…
+Oil steady as talk of new OPEC deal balances U.S. exports. October 5, 2017
LONDON (Reuters) – Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. more…
+Oil prices slip as markets eye rising U.S. crude output. October 4, 2017
LONDON (Reuters) – Oil prices fell on Wednesday, pulled down by caution that rising U.S. crude output could scupper a rally that lasted for most of the third quarter. more…
+Oil prices ease as speculators grow impatient. October 3, 2017
LONDON (Reuters) – Oil edged lower on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply lent support. more…
+Oil falls to below $56 on signs of higher output. October 2, 2017
LONDON (Reuters) – Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years. more…
+Bullish oil streak propels Brent to strongest third-quarter in 13 years. September 29, 2017
AMSTERDAM (Reuters) – Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. more…
+Oil climbs as tension over Iraqi Kurdistan rises. September 28, 2017
LONDON (Reuters) – Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the autonomous Kurdistan region’s vote in favor of independence in a referendum. more…
+Oil dips, but remains in view of $60. September 27, 2017
LONDON (Reuters) – Oil eased on Wednesday, edging lower for a second day, although an unexpected drop in U.S. crude inventories helped keep the price within sight of this week’s 26-month highs. more…
+Oil near 26-month high as Turkey threatens to choke Kurdish exports. September 26, 2017
LONDON (Reuters) – Brent oil prices hovered near 26-month highs on Tuesday, supported by Turkey’s threat to cut crude exports from Iraq’s Kurdistan region and signs of quicker market rebalancing. more…
+Oil hits eight-month high as producers say market rebalancing. September 25, 2017
LONDON (Reuters) – Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing. more…
+Oil near five-month high as Middle East producers stick to cuts. September 19, 2017
AMSTERDAM (Reuters) – Oil prices traded close to five-month highs on Tuesday after fresh data showed key Middle Eastern producers continued to cut supply in line with an OPEC-led deal aimed at ending a crude glut. more…
+Oil prices slip, but hold near recent highs. September 18, 2017
LONDON (Reuters) – U.S. crude oil prices slipped below $50 per barrel on Monday but stayed close to multi-month highs amid a drop in shale drilling and as refineries continued to restart after Hurricane Harvey. more…
+Oil near five-month high in most bullish week since July. September 15, 2017
AMSTERDAM (Reuters) – Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July on higher demand forecasts and the restart of oil-hungry refineries in the United States. more…
+Oil rises on stronger demand, supply restrictions. September 14, 2017
LONDON (Reuters) – Oil prices rose on Thursday, building on recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA). more…
+Oil rises as IEA sees higher oil demand, shrinking inventories. September 13, 2017
London (Reuters) – Oil prices rose on Wednesday after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust global demand and an output drop from OPEC and other producers.more…
+Oil prices slip on demand concerns following U.S. hurricanes. September 12, 2017
LONDON (Reuters) – Oil prices softened on Tuesday as Hurricane Irma’s dampening effect on demand offset refinery restarts in the wake of Hurricane Harvey.more…
+Oil weakens on fears Irma could dent U.S. demand. September 11, 2017
LONDON (Reuters) – Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation. more…
+Oil steady as Irma heads for Florida, Saudi Arabia cuts supply. September 8, 2017
LONDON (Reuters) – Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean. more…
+Oil dips on fears Hurricane Irma could hit crude shipments, rising Libya output. September 7, 2017
SINGAPORE (Reuters) – Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as Libyan output began to recover from disruptions. more…
+Oil up after Harvey fallout; Hurricane Irma heads into Caribbean. September 6, 2017
SINGAPORE/LONDON (Reuters) – Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.
more…
+U.S. crude rises, gasoline falls as refineries restart. September 5, 2017
SINGAPORE/LONDON (Reuters) – U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
more…
+U.S. gasoline price sink as Harvey subsides. September 4, 2017
LONDON (Reuters) – Benchmark U.S. gasoline prices fell by more than 4 percent on Monday as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity after Hurricane Harvey subsided, easing concerns over supply shortages in the world’s top oil consumer. more…
+U.S. oil prices set for worst month in over a year as floods hit demand. August 31, 2017
AMSTERDAM (Reuters) – U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world’s top oil-consuming country after storm Harvey knocked out almost a quarter of its refineries. more…
+Crude slips, gasoline jumps as storm shuts a fifth of U.S. fuel output. August 30, 2017
LONDON (Reuters) – Crude oil slid and gasoline futures hit their highest since mid-2015 on Wednesday as flooding and damage from Tropical Storm Harvey shut over a fifth of U.S. refineries, curbing demand for crude while raising the risk of fuel shortages. more…
+Oil up as U.S. rigs and refineries brace for hurricane. August 25, 2017
LONDON (Reuters) – Oil prices rose on Friday as the U.S. petroleum industry braced for Hurricane Harvey, which may become the biggest storm to hit the U.S. mainland in more than a decade. more…
+Oil slips as market focus shifts to Jackson Hole. August 24, 2017
LONDON (Reuters) – Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. more…
+Oil prices steady ahead of U.S. stocks data. August 22, 2017
LONDON (Reuters) – Oil prices steadied on Tuesday, supported by signs that global supply may be tightening gradually and restrained by rising U.S. shale production. more…
+Oil prices fall after rally encourages profit-taking. August 21, 2017
AMSTERDAM (Reuters) – Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. more…
+Oil nudges higher on tightening supplies, weak dollar. August 18, 2017
AMSTERDAM (Reuters) – Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. more…
+Oil steady as high U.S. output balances crude stock draw. August 17, 2017
LONDON (Reuters) – Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. more…
+Oil edges up on falling U.S. crude stocks. August 16, 2017
SINGAPORE/LONDON (Reuters) – Oil prices edged up on Wednesday, lifted by declining U.S. crude inventories, although markets were still restrained by excess supply. more…
+Oil drops 1 percent as IEA sees slow market rebalancing. August 11, 2017
LONDON (Reuters) – Oil prices fell by one percent on Friday to their lowest in more than a week after the International Energy Agency said market rebalancing was taking time despite strong demand growth because of weak OPEC compliance with output cuts. more…
+Oil gains as inventory overhang erodes and Saudi cuts exports. August 10, 2017
LONDON (Reuters) – Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. more…
+Oil edges higher above $52 before U.S. inventory report. August 9, 2017
LONDON (Reuters) – Oil rose further above $52 a barrel on Wednesday ahead of a U.S. inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with OPEC-led supply cuts. more…
+Oil prices steady as Saudi cuts September supplies. August 8, 2017
LONDON (Reuters) – Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher output from other large producers including the United States. more…
+Oil slides from nine-week highs as market looks to OPEC. August 7, 2017
LONDON (Reuters) – Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. more…
+Oil prices fall as OPEC oil exports rise. August 4, 2017
LONDON (Reuters) – Oil prices edged lower on Friday and were on track for weekly losses, weighed down by rising OPEC exports and strong output from the United States. more…
+Oil steady as tighter U.S. market balances OPEC supply. August 3, 2017
LONDON/SINGAPORE (Reuters) – Oil prices rose steadied on Thursday, supported by signs of a tightening U.S. market but weighed down by ample supplies from OPEC producers. more…
+Oil dodges bears, climbs back toward $52 per barrel. August 2, 2017
LONDON (Reuters) – Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losses and pushed the price back toward $52 and this week’s eight-week highs.more…
+Oil slips from two-month high as ample supply weighs. August 1, 2017
LONDON (Reuters) – Oil slipped from a two-month high near $53 a barrel on Tuesday as ample global supplies countered strong demand and forecasts of another drop in U.S. crude inventories.more…
+Oil near two-month high as producers set to meet again. July 31, 2017
LONDON (Reuters) – Oil rose on Monday, putting July on track to become the strongest month this year, as news of a producers’ technical meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against OPEC member Venezuela.more…
+Oil extends gains, on track for biggest weekly gains this year. July 28, 2017
LONDON (Reuters) – Oil prices edged higher on Friday, reaching fresh two-month highs and on track to post the strongest weekly gains this year as investors digested signs of an easing oversupply picture.more…
+Oil prices hover near eight-week highs on lower U.S. inventories. July 27, 2017
LONDON (Reuters) – Oil prices held just below eight-week highs on Thursday, supported by a steeper-than-expected decline in U.S. crude inventories that boosted expectations of a shift to a more balanced market.more…
+Oil prices rise as falling U.S. inventories stoke rebalancing hopes. July 26, 2017
LONDON (Reuters) – Oil prices rose to near eight-week highs on Wednesday, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.more…
+Oil extends gains as Saudi pledges export curbs. July 25, 2017
London (Reuters) – Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices.more…
+Oil rises after Saudi vows to cap crude exports next month. July 24, 2017
LONDON (Reuters) – Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of global supply and demand.more…
+Oil falls on report showing OPEC deal compliance falling in July. July 21, 2017
LONDON (Reuters) – Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the group’s pledge to curb output, reigniting concerns the market will stay awash with crude.more…
+Strong gasoline demand lifts oil, but high OPEC supplies temper gains. July 19, 2017
LONDON (Reuters) – Oil rose on Wednesday, supported by strong demand for gasoline, but rising output from OPEC producers revived concerns about a persistent overhang of excess crude.more…
+Oil 'stuck in range' as ample supply meets firm demand. July 18, 2017
LONDON (Reuters) – Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.more…
+Oil edges up towards $49, U.S. drilling slowdown supports. July 17, 2017
LONDON (Reuters) – Oil edged up to around $49 a barrel on Monday as a slowdown in the increase of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts.more…
+Oil firm as signs of higher demand outweigh worries of excess. July 14, 2017
LONDON (Reuters) – Oil prices edged higher on Friday and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.more…
+Oil falls as IEA sees waning compliance with OPEC cuts. July 13, 2017
LONDON (Reuters) – Oil prices fell on Thursday after the International Energy Agency (IEA) said the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters.more…
+Oil prices plummet 3 percent on oversupplied market. July 7, 2017
Oil prices fell 3 percent on Friday after data showed U.S. production rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb oversupply.more…
+Oil rises after U.S. inventory drop but outlook remains gloomy. July 6, 2017
Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of U.S. demand halted the previous day’s steep slide, although the prospect of oversupply in 2018 has prompted yet more analysts to cut their price forecasts.more…
+Oil eases on U.S. holiday after eight days of gains. July 4, 2017
Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in U.S. crude production may be slowing.more…
+Oil slides as rising OPEC output outweighs U.S. decline. July 3, 2017
Oil prices eased on Monday after rising for seven sessions in a row, as evidence of increasing OPEC crude production snuffed out earlier gains made on the back of data that pointed to moderating U.S. output.more…
+Crude oil prices firm, set for biggest weekly gain since mid-May. June 30, 2017
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output.more…
+Oil prices rise to two-week high on dip in U.S. output. June 29, 2017
Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. more…
+Oil stays below $47 as U.S. inventory report revives glut worries. June 28, 2017
Oil edged lower toward $47 a barrel on Wednesday after an industry report said U.S. inventories increased, reviving concerns that a three-year supply glut is far from over. more…
+Oil prices slip as physical excess overpowers OPEC. June 22, 2017
Oil slid back toward multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.more…
+Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997. June 21, 2017
Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output.more…
+Oil prices hit seven-month lows on global oversupply. June 20, 2017
Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend which has undermined attempts by OPEC and other producers to support the market through reduced output.more…
+Oil prices pause after sharp falls. June 19, 2017
Oil prices edged higher on Monday, pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria, which has taken the edge off an OPEC-led initiative to support the market by cutting production.more…
+Oil prices bounce but stuck near 2017 lows on supply overhang. June 16, 2017
Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses because of excess supplies despite OPEC-led production cuts.more…
+Oil hits six-week low as OPEC fails to curb oversupply. June 15, 2017
Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production cuts.more…
+Oil prices fall as OPEC output, U.S. crude stockpiles rise. June 14, 2017
Oil prices fell on Wednesday after industry data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite a pledge to cut output.more…
+Oil rises on Saudi pledge to make real supply cuts. June 13, 2017
Oil prices rose slightly on Tuesday after Saudi Arabia said it would make significant export cuts in July amid signs of a drawdown in U.S. crude inventories, though increasing U.S. output continues to weigh on the market.more…
+Oil's price fall stalls despite supply glut. June 9, 2017
Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market.more…
+Oil falls for second day as concern grows over supply. June 8, 2017
Oil fell for a second day on Thursday to hit one-month lows after an unexpected surge in U.S. inventories and the return of more Nigerian crude aggravated investor concerns about an already oversupplied market.more…
+Oil dips on concerns about rising U.S. output, OPEC tensions. June 7, 2017
Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output.more…
+Oil slips on worries Mideast rift could undermine OPEC cuts. June 6, 2017
Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market.more…
+Oil slides as U.S. climate withdrawal compounds glut concerns. June 2, 2017
Brent crude tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. President Donald Trump’s decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global glut.more…
+Oil prices under pressure from rising OPEC supplies. June 1, 2017
Oil prices pared gains reached earlier in the session on Thursday, despite U.S. industry data showing a big drop in crude stocks last week, as the market remains suspicious whether OPEC cuts will be enough to rebalance an oversupplied market.more…
+Oil at three-week low as rising output risks OPEC-led deal. May 31, 2017
Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC-led output cuts on reducing global inventories were being undermined by producers outside the deal.more…
+Oil slips on oversupply worries despite OPEC deal. May 30, 2017
Oil prices fell on Tuesday, pressured by concerns that production cuts by the world’s big exporters may not be enough to drain a global glut that has depressed the market for almost three years.more…
+Oil slips as more U.S. drilling outweighs OPEC-led cuts. May 29, 2017
Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply.more…
+Oil edges up after dip on disappointing OPEC meeting outcome. May 26, 2017
Oil prices edged higher on Friday as some investors were tempted back to a market that tumbled five percent in the previous session on disappointment that an OPEC-led decision to extend current production curbs did not go deeper.more…
+Oil falls as OPEC prepares to extend output cuts. May 25, 2017
Oil prices fell on Thursday as OPEC ministers met to decide how long to extend oil production cuts in an attempt to drain a global glut that has depressed markets for almost three years.more…
+Oil prices steady as market awaits extended output cut. May 24, 2017
Oil prices steadied on Wednesday as investors waited for news from Vienna where ministers from OPEC and other exporting countries were discussing whether to extend production cuts into the first quarter of next year.more…
+Oil prices fall on White House proposal to sell U.S. oil reserves. May 23, 2017
Oil prices fell on Tuesday, weighed down by U.S. President Donald Trump’s plan to sell off half the country’s huge oil stockpile, threatening a future glut even as OPEC and its allies cut output to try and tighten the market.more…
+Oil up on expectations of extended, possibly deeper, output cut. May 22, 2017
Oil prices rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions the cuts could even be deepened.more…
+Oil prices climb on hopes output cuts will be extended. May 19, 2017
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains.more…
+Oil falls as market stays well supplied despite cuts. May 18, 2017
Oil prices fell on Thursday on signs that the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices.more…
+Oil turns positive as market awaits EIA data. May 17, 2017
Oil prices strengthened on Wednesday ahead of U.S. crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing the persistent global supply overhang.more…
+Oil rises on expectations of extended supply curbs. May 16, 2017
Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut.more…
+Oil rises above $52 as Saudis, Russia back longer supply cut. May 15, 2017
Oil hit a three-week high on Monday above $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally agreed.more…
+Oil prices firm, on track for biggest gain in five weeks. May 12, 2017
Oil prices on Friday were on track for their biggest weekly gain in five weeks, helped by expectations of an extension of OPEC-led output cuts and buoyed by falling U.S. crude inventories.more…
+Oil up on falling U.S. inventories, Saudi cuts to Asia. May 11, 2017
Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. inventories and a bigger-than-expected cut in Saudi supplies to Asia helped tightened the market.more…
+Oil rises after U.S. inventories drop, but extra supplies weigh. May 10, 2017
Oil prices rose on Wednesday after a larger-than-expected fall in U.S. crude inventories but failed to recoup last week’s losses due to concerns about rising output from the United States, Libya and Nigeria.more…
+Oil steadies but rattled by concern about OPEC's clout. May 9, 2017
Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors’ faith in the ability of OPEC to rebalance the market.more…
+Oil prices give up gains, U.S. output weighs against OPEC-led cuts. May 8, 2017
Oil prices gave up early gains on Monday, as the market weighed news from OPEC and other producers about prolonging output cuts against data showing the recovery in U.S. drilling had extended for a year.more…
+Oil Steadies After Slump to Five-Month Low as Shale Subdues OPEC. May 5, 2017
Oil steadied after sliding below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices.more…
+Oil down on lower than expected drop in U.S. inventories. May 4, 2017
Oil prices fell for the fourth day in a row on Thursday, nearing their lowest level since late March after data showed a lower than expected decline in U.S. inventories.more…
+Oil rebounds from near 2017 lows on falling U.S. crude stocks. May 3, 2017
Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply.more…
+Oil up as OPEC, Russia cuts outweigh output elsewhere. May 2, 2017
Oil prices rose on Tuesday on news of lower Russian production and expectations that major OPEC exporters would extend output cuts into the second half of the year.more…
+Oil rebounds from one-month low on hopes for output cut extension. April 28, 2017
Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts.more…
+Oil prices fall on oversupply. April 27, 2017
Oil prices fell on Thursday, weighed down by oversupply, but losses were limited by expectations that major exporters would agree to extend production cuts to try to rebalance the market.more…
+Oil prices slip on bulging U.S. crude stockpiles, ample supplies. April 26, 2017
Oil prices edged lower on Wednesday as ample global supplies and data showing a rise in U.S. crude inventories cast doubt on OPEC’s ability to tighten the market with output cuts.more…
+Oil edges up, breaking six-day stretch of losses. April 25, 2017
Oil rose on Tuesday, breaking a six-day streak of price falls, but with doubt swirling over OPEC’s ability to force global crude inventories to drop, sentiment has turned more bearish.more…
+Oil recovers some ground, rise in U.S. drilling caps gains. April 24, 2017
Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a rise in U.S. drilling capped gains.more…
+Oil prices regain some ground, but oversupply weighs. April 20, 2017
Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signaled a likely extension of OPEC-led supply cuts beyond the middle of the year.more…
+Oil edges higher as OPEC boost offsets dent from U.S. supply. April 19, 2017
Oil edged higher on Wednesday as OPEC said it was committed to eroding a global surplus of crude, but increasing shale production in the United States and still-high global stocks threatened to pull prices lower.more…
+Oil hits 11-day low on expected surge in U.S. shale output. April 18, 2017
Oil prices hit their lowest in 11 days on Tuesday on news that U.S. shale oil output in May is expected to post the biggest monthly increase in more than two years, fuelling concerns that U.S. production growth is undermining efforts to cut oversupply.more…
+Oil prices flat as IEA report counters higher U.S. output. April 13, 2017
Oil traded flat on Thursday after weekly data indicated a continued rise in U.S. production, while an International Energy Agency (IEA) report said the market was close to balance.more…
+Brent oil rises for eighth day on possible extension to supply cut. April 12, 2017
Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month’s losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.more…
+Oil eases from five-week top, rising U.S. production weighs. April 11, 2017
Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices.more…
+Oil rises further above $55 on Libyan field shutdown, Syria. April 10, 2017
Oil rose further above $55 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield and heightened tension over Syria following the U.S. missile strike.more…
+Oil hits one-month high after U.S. missile strike in Syria. inventories. April 7, 2017
Oil prices hit a one-month high on Friday after the United States fired missiles at a Syrian government airbase, sending shockwaves through global markets and raising concerns that the conflict could spread in the oil-rich region.more…
+Oil prices edge up after dent from U.S. inventories. April 6, 2017
Oil prices rose on Thursday, on track for a fourth consecutive daily gain, after recovering from losses triggered by record high U.S. crude inventories.more…
+Oil hits one-month high near $55 on tighter supplies. April 5, 2017
Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hopes OPEC-led supply cuts were clearing a glut, while an outage at the largest UK North Sea oilfield lent support.more…
+Oil prices steady as Libyan output rebounds. April 4, 2017
Oil prices steadied on Tuesday as a rebound in Libyan crude production balanced expectations of a draw in U.S. crude oil and product inventories.more…
+Oil prices steady, rebounding Libyan production weighs. April 3, 2017
Oil futures held steady on Monday as a rebound in Libyan oil production over the weekend weighed against upbeat economic data from Asia that pointed to strong energy demand from the region.more…
+Oil retreats, set to become worst-performing asset in first quarter. March 31, 2017
Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts.more…
+Oil steady on Libya disruptions, bloated U.S. stockpiles. March 30, 2017
Oil prices slipped on Thursday after two days of increases as bloated U.S. inventories limited the impact of supply disruptions in Libya and lower output from other OPEC exporters.more…
+Oil rises on Libya disruption, likely extension to OPEC output cut. March 29, 2017
Oil prices extended gains on Wednesday despite industry data showing an increase in U.S. crude inventories, lifted by supply disruptions in Libya and views that an OPEC-led output reduction is likely to be extended.more…
+Oil prices rise with Libya disruption but upside capped. March 28, 2017
Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.more…
+Oil slips towards $50 on doubts over output-cut extension. March 27, 2017
Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.more…
+Oil edges up as Saudis cut supplies to U.S., but global glut remains. March 24, 2017
Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-oversupplied market, but benchmark prices were on track for weekly losses as concerns persisted over an excess of crude.more…
+Oil hovers above four-month lows, inventories curb recovery. March 23, 2017
Oil prices hovered above four-month lows on Thursday, with a recovery reined in by investor concerns that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.more…
+Oil prices hit lowest since Nov on expanding U.S. inventories. March 22, 2017
Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.more…
+Oil prices rise on talk of OPEC cut extension, inventories in focus. March 21, 2017
Oil prices rose on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories.more…
+Oil falls as investors cut bullish bets on worries over U.S. output. March 20, 2017
Oil fell around 1 percent on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC-led production cut deal.more…
+Weaker dollar helps lift oil, supply worries persist. March 17, 2017
Oil prices rose on Friday, helped by a weaker dollar, as investors weighed the impact of OPEC production cuts against rising U.S. shale oil output and persistently high inventories.more…
+Oil jumps off lows, IEA sees H1 deficit after OPEC cuts. March 15, 2017
Oil prices climbed more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017.more…
+Oil edges off three-month lows, eyes on U.S. inventory. March 14, 2017
Oil prices recovered modestly from three-month lows on Tuesday, with concerns persisting about rising U.S. inventories and few clear signs that OPEC will extend supply curbs beyond June.more…
+Oil down again, dollar steady as pivotal week for markets gets underway. March 13, 2017
Oil prices, down for a fifth straight day on Monday, were an outlier in a relatively calm start to an event-packed week for global markets as investors braced for a potential interest rate hike in the United States, a Dutch election and the first G20 finance ministers’ meeting of the Trump era.more…
+Oil prices entrenched in tight range; eyes on data. March 7, 2017
Oil prices were little changed on Tuesday, trading in a tight range as rising U.S. shale output offset OPEC crude production cuts, with investors seeking clearer direction from upcoming inventory data and comments from senior oil officials.more…
+Oil slips on concerns over Chinese demand, Russian output. March 6, 2017
Oil prices slipped on Monday, wiping out some of the previous session’s gains, as lower growth targets in China and concerns over Russia’s compliance with a global deal to cut oil output sparked renewed worries over a crude oil supply glut.more…
+Oil edges higher after sell-off on weaker dollar. March 3, 2017
Oil prices ticked higher on Friday, recouping some of the previous session’s losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.more…
+Oil down on record U.S. crude stocks, flat Russian output. March 2, 2017
Oil prices fell on Thursday after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.more…
+Oil inches up as OPEC sticks to output pledges. March 1, 2017
Oil edged higher on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output, although evidence of increasing U.S. production capped gains.more…
+Oil prices dip, rising U.S. output offsets OPEC cuts. February 28, 2017
Global oil prices dipped on Tuesday but continued to trade in a tight range with the OPEC-led output cuts offset by increasing crude production from the United States.more…
+Oil prices fall as U.S. crude inventories rise further. February 24, 2017
Oil prices fell on Friday after U.S. crude inventories rose for a seventh week, showing that the market is still struggling to ease oversupply despite many producers’ efforts to rein in production.more…
+Oil prices rise after report shows drop in U.S. stocks. February 23, 2017
Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production.more…
+Oil slips but close to multi-week highs. February 22, 2017
Global oil prices slipped on Wednesday as the U.S. dollar [.DXY], in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output.more…
+Oil rises as OPEC aims for deeper output cuts. February 21, 2017
Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.more…
+Oil rises, but faces prospect of growing U.S. output. February 20, 2017
Oil prices rose on Monday but gains were limited as investors gauged whether an increase in U.S. drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance.more…
+Oil slips further below $56 on report of U.S. inventory jump. February 15, 2017
Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even as OPEC achieves record compliance with its supply-cut accord.more…
+Oil rises as OPEC-led output cuts trim oversupply. February 14, 2017
Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.more…
+Oil falls on rise in U.S. drilling, selling ahead of OPEC report. February 13, 2017
Oil prices fell nearly one percent on Monday in response to growing evidence that U.S. production is rising and as some investors unwound positions ahead of OPEC’s first report on compliance with its deal to cut production.more…
+Oil up on U.S. gasoline stocks, but market bloated. February 9, 2017
Oil prices rose on Thursday, supported by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure.more…
+Oil prices fall on bloated U.S. fuel inventories, stalling China demand. February 8, 2017
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U.S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output.more…
+Oil prices steady as reviving shale balances OPEC cuts. February 7, 2017
Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in U.S. shale production and sluggish demand.more…
+Oil steadies as Iran and OPEC offset by U.S. drilling rebound. February 6, 2017
Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive U.S. output.more…
+Oil pushes higher on worries over new U.S. sanctions on Iran. February 3, 2017
Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after U.S. President Donald Trump said “nothing is off the table” in dealing with the country after its test launch of a missile.more…
+Oil up as OPEC cuts outweigh rise in U.S. stocks. February 2, 2017
Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles.more…
+Oil edges further above $55 on Russia, OPEC cuts. February 1, 2017
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories limited gains.more…
+Oil steady as rising U.S. output offsets OPEC-led cuts. January 31, 2017
Oil prices steadied on Tuesday as rising U.S. drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.more…
+Oil steady but U.S. drilling weakens deal to cut output. January 30, 2017
Oil prices were steady on Monday, but news of another increase in U.S. drilling activity spread concern over rising output just as many of the world’s oil producers are trying to comply with a deal to pump less in an attempt to prop up prices.more…
+Oil prices fall as focus shifts to U.S. output. January 27, 2017
Oil prices slipped on Friday, giving up gains from earlier in the day, as market shifted its focus towards production increases in the United States from efforts by OPEC and other producers to support prices by cutting supplies.more…
+Oil rises on weaker dollar, U.S. supply caps gains. January 26, 2017
Oil prices were driven higher by a weakening dollar on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output.more…
+Oil slips on rising U.S. inventories, awaits EIA data. January 25, 2017
Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters.more…
+Oil steady on OPEC cuts, U.S. output recovery. January 24, 2017
Oil prices were steady on Tuesday as news of lower production by OPEC and other key exporters was balanced by reports of more drilling and higher output in the United States.more…
+Oil falls as signs of U.S. output rise overshadow OPEC-led cuts. January 23, 2017
Oil prices fell one percent on Monday as signs of a strong recovery in U.S. oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December.more…
+Oil price rises for second day ahead of producers' compliance meeting. January 20, 2017
Oil prices edged up for a second day on Friday on expectations that a weekend meeting of the world’s top oil producers would demonstrate compliance to a global output cut deal, but a larger than expected rise in weekly U.S. crude stocks capped gains.more…
+Oil rallies from one-week low as IEA sees tighter market. January 19, 2017
Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.more…
+Oil price slides on prospect of rising U.S. production. January 18, 2017
Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year.more…
+Oil rises on weaker dollar, Saudi commitment to cut output. January 17, 2017
Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC’s commitment to cut output.more…
+Oil prices slip on doubts over output cuts. January 16, 2017
Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that U.S. production would increase again this year.more…
+Oil set for weekly fall on doubts over extent of OPEC cuts. January 13, 2017
Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.more…
+Oil up $1 on OPEC output cuts, China demand forecast. January 12, 2017
Oil prices rose more than $1 a barrel on Thursday on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China.more…
+Oil rises as Saudi tells Asian customers of output cuts. January 11, 2017
Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check.more…
+Oil prices steady after recent falls on weaker dollar. January 10, 2017
Oil prices stabilized on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.more…
+Oil down on concerns rising U.S. production could dampen output cut deal. January 9, 2017
Oil fell 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.more…
+Oil prices rise as Saudi Arabia discusses supply cuts. January 5, 2017
Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to reduce global supply.more…
+Oil prices rise on expected drop in U.S. inventories. January 4, 2017
Oil prices ticked higher on Wednesday on expectations that U.S. crude inventories are falling and signs that oil producers will stick to agreed output cuts that took effect this week.more…
+Oil hits 18-month highs as markets eye output cuts. January 3, 2017
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.more…
+Oil prices on track for greatest yearly percentage gain since 2009. December 30, 2016
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.more…
+Oil prices steady as rise in U.S. inventory slows upswing. December 29, 2016
Oil prices steadied on Thursday after a surprise increase in U.S. inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.more…
+Oil holds near annual peaks, awaiting OPEC cuts. December 28, 2016
Oil prices edged up for a fourth consecutive session on Wednesday, close to their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year.more…
+Oil slips below $55 as dollar, Libyan production boost weigh. December 23, 2016
Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.more…
+Oil prices dip on U.S. stocks rise, Libya output boost. December 22, 2016
Oil prices slipped in tepid trading on Thursday, pressured by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months.more…
+Oil rises on expected U.S. crude stocks draw. December 20, 2016
Oil prices edged higher on Tuesday on forecasts of a steep draw in U.S. crude oil stocks that could indicate a global oversupply is starting to shrink.more…
+Oil prices rise on more balanced market, weaker dollar. December 19, 2016
Oil prices rose on Monday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks, amid expectations of tighter crude supply going into 2017.more…
+Oil rises on signs of producers' compliance with output cuts. December 16, 2016
Oil rose on Friday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output.more…
+Oil recovers after Fed hike as tighter market looms. December 15, 2016
Oil prices recovered ground on Thursday after sharp falls in the wake of the U.S. interest rate rise as investors anticipated a tighter market in 2017 due to planned output cuts led by OPEC and Russia.more…
+Oil prices fall on rising U.S. crude stocks, OPEC output concerns. December 14, 2016
Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.more…
+Oil prices rise as Middle East producers confirm supply cuts. December 13, 2016
Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.more…
+Oil hits highest since mid-2015 as global producers agree to cut. December 12, 2016
Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.more…
+Oil edges higher on optimism over non-OPEC output cuts. December 9, 2016
Oil prices edged higher for a second consecutive session on Friday on hopes that non-OPEC producers meeting in Vienna would agree to cut output to bolster the group’s own agreement to limit production.more…
+Oil rallies over $50 despite OPEC output cut doubts. December 8, 2016
Oil prices recovered above $50 a barrel on Thursday, bouncing back from the week’s lows as the dollar weakened against major currencies.more…
+Oil steadies on doubts output cut will end global glut. December 7, 2016
Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years.more…
+Oil dips as OPEC, Russian output rises ahead of production cut. December 6, 2016
Global oil prices slipped on Tuesday as crude output rose in most major export regions despite plans by OPEC and Russia to cut production, triggering fears the fuel glut that has dogged markets for over two years might last well into 2017.more…
+Oil tops $55 for first time in 16 months as OPEC deal fuels buying. December 5, 2016
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.more…
+Oil softens after OPEC decision prompts big weekly rally. December 2, 2016
Oil prices fell 1.5 percent to steady at around $53 a barrel on Friday after the biggest weekly rally since 2009 following OPEC’s decision this week to cut crude output in order to rein in a global glut.more…
+Oil prices hold gains after surge on OPEC output deal. December 1, 2016
Crude oil prices rose more than 1 percent on Thursday, building on big gains made after OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply.more…
+Oil jumps 7 percent on prospects for big OPEC output cut. November 30, 2016
Oil prices jumped more than 7 percent on Wednesday as some of the world’s largest oil producers gathered in Vienna to agree on a production cut that could be bigger than expected.more…
+Oil falls more than 3 percent on doubts over OPEC cut. November 29, 2016
Oil prices fell more than 3 percent on Tuesday on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.more…
+Oil prices gyrate as OPEC heavyweights head to Vienna. November 28, 2016
Oil prices edged higher on Monday, after falling as much as 2 percent in early trading, as the market grappled over the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupply.more…
+Oil down on strong dollar, OPEC uncertainty. November 25, 2016
Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group’s meeting next week, but benchmark contracts were on track to close the week with gains close to 4 percent.more…
+Oil prices static on uncertainty over planned production cut. November 24, 2016
Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday kept traders from making big new bets.more…
+Oil prices capped by doubts OPEC-led cut will end glut. November 23, 2016
Oil prices edged higher on Wednesday but gains were capped by investors’ doubts that oil cartel OPEC would agree to a large enough production cut to significantly reduce the global surplus when it meets next week.more…
+Oil prices at highs for November on hopes of OPEC deal. November 22, 2016
Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.more…
+Oil touches three-week highs ahead of OPEC meeting. November 21, 2016
Oil prices rose on Monday to their highest in three weeks, catching a lift from a weaker U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week.more…
+Oil prices rise on Saudi optimism over OPEC deal. November 17, 2016
Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.more…
+Oil falls on higher U.S. crude inventories, strong dollar. November 16, 2016
Oil prices shed more than one percent on Wednesday, returning some of the gains made in one of the year’s biggest rallies a day earlier, after weekly U.S. crude stocks rose beyond expectations and a strong dollar weighed on commodities.more…
+Oil prices jump 3 percent on hopes of OPEC output cut. November 15, 2016
Oil prices jumped more than 3 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.more…
+Oil pinned near three-month lows as gloom grows over OPEC. November 14, 2016
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.more…
+Oil prices slip as persistent fuel glut returns to focus. November 11, 2016
Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly.more…
+Oil prices steady as markets recover from Trump shock. November 10, 2016
Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production.more…
+Oil reverses most losses after Trump win to trade near $46. November 9, 2016
Oil reversed most of its early losses of almost 4 percent to trade near $46 a barrel on Wednesday, as the market recovered from an initial Brexit-like reaction to Donald Trump’s surprise victory in the U.S. presidential election.more…
+Oil steady as U.S. voters head to the polls. November 8, 2016
Oil prices held steady on Tuesday, ahead of the U.S. presidential election, as investors unwound some of their recent bets against economically sensitive assets such as crude and equities.more…
+Oil prices bounce as OPEC promises a cut is on the cards. November 7, 2016
Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month’s high due to persistent doubts over the feasibility of the group’s plan.more…
+Oil set for sixth straight day of declines. November 4, 2016
Oil futures were on course for their sixth straight day of falls on Friday as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact while a surge in U.S. crude inventories and muted demand continued to weigh.more…
+Oil prices find floor after falls on supply glut woes. November 3, 2016
Oil prices rose on Thursday, supported by news of an attack on a Nigerian pipeline and moving up off a five-week low reached the previous session when U.S. crude stocks data compounded doubts that a glut in global oil supplies could be eroded.more…
+Oil extends losses after report shows surprise U.S. stocks build. November 2, 2016
Crude oil prices fell for a fourth day on Wednesday as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining the market’s supply overhang.more…
+Oil prices rise from one-month lows after OPEC approves strategy. November 1, 2016
Oil prices rose from one-month lows in Asian trading on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.more…
+Oil slides as non-OPEC nations demure on output limit plan. October 31, 2016
Oil prices slid on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they want the oil producing group to solve its differences first.more…
+Oil up over $50, U.S. inventory drop balances OPEC doubts. October 27, 2016
Oil edged above $50 a barrel on Thursday as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut.more…
+Oil falls as investors doubt OPEC can seal output deal. October 26, 2016
Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew increasingly doubtful that OPEC members will agree to cut output and as U.S. inventories staged a surprisingly large increase.more…
+Oil edges up ahead of U.S. data, OPEC jostling caps gains. October 25, 2016
Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises, but comments by OPEC members regarding chances of an output cut kept a lid on prices.more…
+Oil prices under pressure as Iraq resists joining output cut. October 24, 2016
Oil prices came under pressure on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output freeze.more…
+Oil rises on Russia's output freeze commitment. October 21, 2016
Oil edged higher on Friday as Russia reiterated its commitment to joining a producers’ output freeze to stem a two-year slide in prices, but a strong dollar capped the gains.more…
+Oil slips as profits taken from strong rally. October 20, 2016
Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in U.S. crude oil stocks helping bullish sentiment from an expectation of an OPEC-led cut in production.more…
+Oil rises as Chinese output drops, U.S. inventories shrink. October 19, 2016
Oil rose by around 1 percent on Wednesday, boosted by evidence of declining production in China and falling U.S. inventories, while an upbeat OPEC statement on its planned output cut also supported the market.more…
+Oil rises on weaker dollar, market balance signals. October 18, 2016
Oil prices rose on Tuesday, helped by a weaker dollar and the notion that global markets oversupply may be moderating, ahead of a November meeting of OPEC producers that could decide to cut production.more…
+Oil prices slip on rise in U.S. drilling, strong dollar. October 17, 2016
Oil prices edged lower on Monday, pulled down by a rising rig count in the United States and a strong dollar but expectations of an OPEC intervention next month to curb production gave them a floor.more…
+Oil rises further above $52 on tighter U.S. fuel stocks. October 14, 2016
Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output.more…
+Oil price gains limited by higher OPEC output, U.S. crude stocks. October 13, 2016
The price of crude oil climbed on Thursday, gaining support from record Chinese imports, but gains were limited after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stocks.more…
+Oil edges up on record Indian imports, hopes of output caps. October 12, 2016
Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.more…
+Oil price falls back from one-year highs, hit by OPEC deal concerns. October 11, 2016
Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world’s largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil.more…
+Oil approaches one-year high as speculators buy into output cut deal. October 10, 2016
Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.more…
+Oil ebbs as physical excess undermines futures push. October 7, 2016
Brent crude futures fell on Friday after briefly nearing their 2016 high, as financial market confidence in the rally came up against a physical excess of crude.more…
+Oil holds near 2016 highs after U.S. inventory drop. October 6, 2016
Oil prices held steady on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day to stay within sight of this year’s highs hit in June.more…
+Oil hits highest since June on possible U.S. inventory drop. October 5, 2016
Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week and OPEC’s deal to cut supply.more…
+Oil eases as Iran, Libya output rises hit OPEC deal momentum. October 4, 2016
Oil prices eased on Tuesday on news that Iran and Libya have continued to increase production, overshadowing an OPEC agreement struck last week to freeze output levels in a bid to stem a two-year price rout.more…
+Oil Bulls Rewarded as Crude Surges After OPEC Output Accord. October 3, 2016
Oil investors’ bullish bets on last week’s OPEC meeting paid off. While most analysts weren’t expecting a deal, money managers increased wagers on rising prices by the most since January ahead of the Organization of Petroleum Exporting Countries’ talks in Algiers. Oil capped the biggest monthly gain since April after the group announced Sept. 28 an agreement to limit production for the first time in eight years.more…
+Oil rises on Saudi offer to cut output as OPEC talks loom. September 23, 2016
Oil prices jumped on Friday after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output this year.more…
+Oil rises on weaker dollar after U.S. crude stock draw. September 22, 2016
Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week’s meeting between OPEC members and Russia to discuss supply.more…
+Oil climbs after surprise drop in U.S. crude inventories. September 21, 2016
LONDON (Reuters) – Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output.more…
+Oil falls on U.S. crude stock rise, Venezuela warning. September 20, 2016
Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent.more…
+Oil climbs as Venezuela sees output deal. September 19, 2016
Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize the market and as clashes in Libya disrupted attempts to boost crude exports.more…
+Oil hits two-week lows as growing supplies stoke glut concerns. September 16, 2016
Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that the global glut will persist.more…
+Oil edges up, returning supply caps gains. September 15, 2016.
Oil prices edged up on Thursday after two consecutive days of losses, with gains capped by returning supplies from Nigeria and Libya.more…
+Oil rises on smaller-than-expected build in U.S. crude stocks. September 14, 2016.
Oil prices firmed on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude stockpiles.more…
+Oil falls after IEA report adds to outlook gloom. September 13, 2016.
Oil fell on Tuesday following a series of gloomy predictions on demand growth that pointed to the global overhang of unused inventories persisting for much longer than anticipated.more…
+Oil falls as U.S. drills more. September 12, 2016.
Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude drillers added more rigs for a tenth week running.more…
+Oil heading for first rise in 3 weeks on OPEC hopes, U.S. stocks. September 9, 2016.
Oil prices edged lower on Friday but were set for the first weekly gain in three weeks after jumping 4 percent a day earlier due to a surprisingly large drawdown in U.S. crude stocks.more…
+Oil extends gains after big U.S. crude stock draw. September 8, 2016.
Oil prices rose more than 1.5 percent on Thursday after U.S. industry data showed a large drawdown in crude stocks, reflecting the temporary impact of an Atlantic storm.more…
+Oil rises, but doubt over output deal tempers rally. September 7, 2016.
Oil rose on Wednesday to pare some of the previous day’s losses, partly thanks to a weaker U.S. dollar, but the limited likelihood of a near-term agreement among the world’s biggest exporters to rein in production kept gains in check.more…
+Oil slips toward $47 as hopes for producer action wane. September 6, 2016.
Oil slipped toward $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.more…
+Oil jumps amid talk of producer action to support prices. September 5, 2016.
Crude oil futures rose sharply on Monday amid renewed speculation that major producers including Saudi Arabia and Russia could cooperate to tackle weak prices and rein in oversupply.more…
+Oil up but heads for biggest weekly loss in 8 months. September 2, 2016.
LONDON (Reuters) – Oil edged higher on Friday, supported by the previous session’s weakness in the U.S. dollar and Russian comments in favor of a production freeze, though contracts remained on track for the biggest weekly loss in nearly eight months.more…
+Oil steadies as Saudi sees OPEC 'common position'. September 1, 2016.
Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving toward a common position on oil production that some investors think could support prices.more…
+Oil slips on dollar strength, still set for monthly gain. August 31, 2016.
LONDON (Reuters) – Crude slid on Wednesday, pressured by a strong dollar and high stocks of oil, though prices remained on track for a monthly gain of more than 10 percent.more…
+Oil prices rise on U.S. weather disruption, OPEC action speculation. August 30, 2016.
Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices.more…
+Oil falls towards $49 on high output, strong dollar. August 29, 2016.
Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities.more…
+Oil prices fall as Saudi Arabia dampens prospects of output freeze. August 26, 2016.
Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world’s largest producers might agree next month to limit their output.more…
+Oil prices fall as hopes of production freeze fade. August 25, 2016.
Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.more…
+Oil falls on surprise build in U.S. crude stocks. August 24, 2016.
Oil prices fell on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the supply glut that has capped prices for the past two years.more…
+Oil slips below $49 as rising supply trumps hopes for producer action. August 23, 2016.
Oil fell below $49 a barrel on Tuesday, giving up part of August’s strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices.more…
+Oil falls as China fuel exports jump, U.S. rigs rise. August 22, 2016.
Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria.more…
+Brent crude slides, but on track for third week of gains. August 19, 2016.
Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.more…
+Oil steady near six-week highs on talk of supply freeze. August 18, 2016.
Brent crude oil traded above $50 a barrel for the first time in six weeks on Thursday as the world’s biggest producers prepared to discuss a possible freeze in output levels.more…
+Oil falls as investors weigh up odds of output freeze. August 17, 2016.
Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighed up how successful potential talks among producers to rein in ballooning oversupply would be.more…
+Oil trades at fresh August high on hopes producer action. August 16, 2016.
Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market.more…
+Oil flatlines after talk of possible exporter moves to prop up price. August 12, 2016.
Oil prices were largely unchanged on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a supply overhang.more…
+Oil steadies as IEA sees balanced market ahead. August 11, 2016.
Oil prices steadied on Thursday after the International Energy Agency forecast crude markets would rebalance in the next few months following several years of heavy overproduction.more…
+Oil falls on oversupply as calls for producer talks draw scepticism. August 10, 2016.
Oil fell on Wednesday, hit by improved prospects for U.S. output and a glut in refined products, while analysts largely expected no impact on supplies from talk of a potential producer meeting to discuss propping up prices.more…
+Oil above $45 on U.S. inventories, producer action speculation. August 9, 2016.
Oil edged further above $45 a barrel on Tuesday as forecasts for a drop in U.S. inventories and speculation of producer action to prop up prices countered concern about a supply glut.more…
+Oil rises on fresh calls for production freeze. August 8, 2016.
Oil received a boost on Monday from reports of renewed talks by some OPEC members to restrain output, but analysts warned the bearish fundamentals that brought prices to four-month lows last week still lurked in the background.more…
+Oil prices slip as short-covering rally fizzles. August 5, 2016.
Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China’s imports.more…
+As U.S. crude wobbles near $40, new oil rally in doubt. August 4, 2016.
U.S. crude’s slide below $40 a barrel this week has hardened the resolve of oil market bears to drive prices lower, with oversupply, refining cutbacks and a breakdown in the oil/dollar trade spelling an end to this year’s rally.more…
+Oil edges up to $42 after slide, but glut still weighs. August 3, 2016.
LONDON (Reuters) – Oil edged higher towards $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar.more…
+Oil takes breather from losses but oversupply concerns remain. August 2, 2016.
Oil edged higher on Tuesday after falling by up to 10 percent in just one week, but investors remained concerned about oversupply weighing on prices.more…
+Oil falls as oversupply still weighs on market. August 1, 2016.
Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market.more…
+Oil faces big monthly loss as oversupply bites. July 29, 2016.
LONDON (Reuters) – Oil prices fell to their lowest levels since April on Friday, with on Brent track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refined products.more…
+Oil hits 3-month lows below $43 as oversupply weighs. July 28, 2016.
Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.more…
+Oil falls close to three-month low as oversupply weighs. July 27, 2016.
Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices.more…
+Oil falls towards $44, lowest since May, on glut worries. July 26, 2016.
Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.more…
+Oil prices slide on oversupply, economic headwinds. July 25, 2016.
LONDON (Reuters) – Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.more…
+Crude oil prices face weekly decline as glut fears persist. July 22, 2016.
LONDON (Reuters) – Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia.more…
+Oil steadies as U.S. inventories send mixed signals. July 21, 2016.
Oil prices steadied on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.more…
+Oil edges up in subdued trade before U.S. stocks data. July 20, 2016.
Oil prices edged higher on Wednesday in muted trading as investors awaited a clearer signal from weekly U.S. crude inventory data on whether a glut was easing in the world’s largest oil-consuming nation.more…
+Oil prices fall on oversupply concerns despite output cuts. July 19, 2016.
SINGAPORE (Reuters) – Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale production and a probable further draw in U.S. crude inventories.more…
+Oil prices ease as market shrugs off Turkey coup bid. July 18, 2016.
Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support.more…
+Oil bounces off two-month lows but faces sharp weekly loss. July 8, 2016.
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic indicators weighed on oil.more…
+Oil prices rise on U.S. stock draw but economic worries remain.
July 7, 2016.
Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut of refined products and economic growth concerns continued to loom over the market.more…
+Oil prices edge lower on concerns about demand. July 6, 2016.
Oil edged lower on Wednesday, extending losses to a third straight session, as investors grew concerned over consumption due to weaker demand from refineries and potentially slower economic growth after Britain’s decision to leave the EU.more…
+Oil falls below $50 on economic concerns. July 5, 2016.
Oil fell below $50 a barrel on Tuesday as concern about a potential slowdown in economic growth that would sap demand trumped supply outages in Nigeria and other exporting nations.more…
+Oil climbs as market seen in balance, but slow demand weighs. July 4, 2016.
Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.more…
+Oil falls as oversupply concerns return to center stage. July 1, 2016.
Oil prices eased on Friday as focus returned to oversupply as production from Nigeria and Canada revived and OPEC production reaching a record high in June.more…
+Oil falls towards $50 on higher supply outlook, economic worries. June 30, 2016.
Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week.more…
+Oil prices rise after Brexit shock; Norway strike threat supports. June 29, 2016.
Oil rose on Wednesday as traders poured money back into markets hit by the initial shock of Britain’s vote to leave the European Union while a potential oil workers strike in Norway and a crisis in Venezuela also provided support.more…
+Oil prices rebound in post-Brexit bargain hunting. June 28, 2016.
Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain’s vote to leave the European Union to lock in lower prices.more…
+Oil prices fall again after Brexit vote. June 27, 2016.
Oil prices slid on Monday as market participants absorbed the shock of Britain’s vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand.more…
+Oil prices dive as Britain votes to leave EU. June 24, 2016.
Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand.more…
+Oil rises further above $50 on API report, braced for Brexit volatility. June 22, 2016.
Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.S. crude inventories and a boost in investor risk appetite ahead of Britain’s referendum on EU membership.more…
+Oil prices slip after rally as market turns cautious. June 21, 2016.
LONDON (Reuters) – Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union.more…
+Crude oil prices rise for first time in seven days. June 17, 2016.
Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over the country’s EU membership.more…
+Oil hits three-week low on weak U.S. stock draw, Brexit fear. June 16, 2016.
LONDON (Reuters) – Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell less than expected and concerns over Britain’s future in the EU weighed.more…
+Oil loses more ground below $50 hit by Brexit, inventory rise. June 15, 2016.
LONDON (Reuters) – Oil prices on Wednesday were on course for a fifth fall in what would be their longest losing streak since February, knocked by mounting concerns about Britain’s possible exit from the European Union and a surprise rise in U.S. inventories.more…
+Oil falls as Brexit threat rattles markets. June 14, 2016.
Oil fell on Tuesday, as investor nervousness over next week’s vote on Britain’s possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices.more…
+Oil prices under pressure from rising economic concerns. June 13, 2016.
Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.more…
+Oil prices ease from 2016 highs on stronger dollar. June 10, 2016.
Oil prices fell on Friday, as a stronger dollar pulled crude off 2016 highs hit this week, although strong refinery demand and global supply disruptions lent support.more…
+Oil prices fall on profit taking after hitting 2016 highs. June 9, 2016.
Oil prices fell on Thursday as traders took profits after three sessions of gains, though prices remained close to their highest this year thanks to a fall in U.S. crude inventories and supply disruptions.more…
+Oil hits eight-month high on disruptions, Chinese demand. June 8, 2016.
Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on supply disruptions in Nigeria and strong Chinese demand data.more…
+Oil hits 2016 high on ebbing supply, softer dollar. June 7, 2016.
LONDON (Reuters) – LONDON (Reuters) – Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by falling Nigerian oil output after a spate of attacks on infrastructure. more…
+Stumbling dollar, Nigeria sabotage push up oil prices. June 6, 2016.
LONDON (Reuters) – Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. more…
+Brent crude oil holds above $50 on signs of rebalance. June 3, 2016.
Brent crude prices held around $50 a barrel on Friday on signs the market was moving back to more balanced supply and demand, and on an OPEC meeting viewed as supportive. more…
+Oil falls as OPEC expected to shun any output curbs. June 1, 2016.
Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays on retaining market share, while concerns about China’s economy weighed on the demand outlook. more…
+Brent crude lower on strong Middle East oil output. May 31, 2016.
Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting on Thursday, while U.S. crude edged higher as the summer driving season began. more…

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+Oil falls as dollar strengthens but traders eye Nigerian outages. May 13, 2016.
Oil prices ended a three-day bull run on Friday, falling as a strong dollar weighed and investors cashed in on recent gains, though losses were cushioned by outages in Nigeria that have slashed output there to the lowest in 22 years. more…
+U.S. crude hits six-month high after IEA sees tighter supply. May 12, 2016.
U.S. oil prices hit a six-month high on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply, in addition to a surprise drop in U.S. crude inventories. more…
+Oil gains on Nigerian supply disruption. May 11, 2016.
Oil prices rose on Wednesday as worries about supply disruptions resurfaced after Shell announced the closure of a key Nigerian pipeline. more…
+Oil rises as supply outages eclipse concern over global inventories. May 10, 2016.
LONDON (Reuters) – Oil rose on Tuesday, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global inventories and a looming surplus of refined products. more…
+Oil rises after Canada fire knocks out production.May 9, 2016.
Oil rose on Monday after Canada’s most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, but caution among investors prevented a return to late April’s 2016 price highs. more…
+Oil falls as investors cash in on month-long gains. May 6, 2016
LONDON (Reuters) – Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. more…
+Oil rallies as Canada fire and Libya violence threaten supply. May 5, 2016.
LONDON (Reuters) – A huge wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.more…
+Oil steadies around $45 after slide, Canada wildfire supports. May 4, 2016.
Oil steadied around $45 a barrel on Wednesday as reduced production in Canada’s oil sands region lent support, although expectations U.S. crude inventories will rise further from a record capped gains. more…
+Crude oil prices steady after hitting 2016 highs. April 28, 2016.
LONDON/SINGAPORE (Reuters) – Oil futures steadied after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. more…
+Oil hits 2016 high after U.S. crude draw report, gasoline rally. April 27, 2016.
Crude oil prices hit 2016 highs on Tuesday on the back of a rally in the gasoline market and after an industry group reported a surprise draw in U.S. crude stockpiles. more…
+Oil prices rise but possible battle for market share caps gains. April 26, 2016.
Oil prices rose on Tuesday, boosted by a weaker dollar and by expectations that demand could grow quickly enough to match supply this year, although concern over a potential battle for market share between Saudi Arabia and Iran limited gains. more…
+Oil heads for third week of gains as sentiment turns upbeat. April 22, 2016.
Oil prices rose on Friday towards $45 a barrel, heading for a third straight week of gains as market sentiment turned more upbeat despite persistent oversupply. more…
+Oil higher as IEA expects biggest non-OPEC output fall in 25 years. April 21, 2016.
LONDON (Reuters) – Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-OPEC production in a generation, helping to rebalance a market dogged by oversupply. more…
+Oil rises as Kuwaiti oil workers strike cuts output for third day. April 19, 2016.
Oil rose around two percent on Tuesday as a strike by oil workers in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday’s failure by producers to agree to freeze output levels. more…
+Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran. April 18, 2016.
Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices. more…
+Crude prices steady in thin trading ahead of producer meeting. April 15, 2016.
Crude futures were steady on Friday in thin business as traders were reluctant to take on new positions ahead of a planned meeting at the weekend of major oil exporters who want to rein in ballooning global over-production. more…
+Oil falls as dark clouds appear ahead of producer meeting. April 14, 2016.
Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers’ meeting this weekend will not yield a concrete plan to reduce oversupply. more…
+Oil prices fall on producer meeting doubts, stronger dollar. April 13, 2016.
Oil futures traded lower on Wednesday on concerns that a producer meeting set for Sunday in Doha to discuss freezing output will do little to trim oversupply as well as a strengthening dollar.
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+Oil hits 2016 high above $43 on producer meeting hopes. April 12, 2016.
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China. more…
+Oil price dips on prospects for producers' meeting. April 11, 2016.
Oil prices slipped on Monday over worries that the result of next Sunday’s meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current supply-demand balance. more…
+Oil prices rise on optimism over end of punishing glut. April 8, 2016.
Oil prices rose on Friday, lifted by fresh hopes over a proposed freeze in oil production and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand. more…
+Oil steady as Iraqi exports up, offsetting U.S. inventories drop. April 7, 2016.
LONDON (Reuters) – Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply. more…
+Oil futures rise on hopes for output freeze. April 6, 2016.
Crude oil futures rose on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran’s plans to boost production put a cap on gains. more…
+Oil slips to one-month low on unexpected U.S. demand drop. April 5, 2016.
Oil slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world’s largest oil consumer, and on doubts whether oil producers can agree an output freeze to dampen a global supply glut. more…
+Oil touches one-month low on scepticism over potential freeze deal. April 4, 2016.
Oil held around its lowest in a month on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade. more…
+Oil prices fall on scepticism over deal to freeze output. April 1, 2016.
Oil futures fell below $40 per barrel on Friday, with the market growing increasingly sceptical that a looming deal to freeze crude production can help clear a global glut. more…
+Oil prices slide as U.S. crude stocks hit record. March 31, 2016.
Oil futures fell on Thursday, with U.S. crude hitting its lowest price in more than two weeks as the country’s crude stocks reached yet another record high, renewing concerns about global oversupply. more…
+Oil prices rise with riskier assets on weak dollar. March 30, 2016.
Oil futures edged up on Wednesday to near $40 per barrel as a weaker dollar spurred interest in riskier assets and the International Energy Agency said expectations for a deluge of oil from Iran were misplaced. more…
+Oil prices fall as investors faith in rally wanes. March 29, 2016.
Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be in danger of fizzling, while analysts forecast another rise to record levels for U.S. crude stockpiles. more…
+Oil prices up slightly in thin holiday trading. March 28, 2016.
Oil prices climbed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented. more…
+Oil slides on mounting U.S. stockpiles, strong dollar. March 24, 2016.
Oil fell below $40 a barrel on Thursday, heading for the biggest weekly slide in two months, dented by record-high stockpiles in the United States and a stronger dollar. more…
+Oil slips after U.S. stock build reasserts glut concerns. March 23, 2016.
Oil prices eased on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week by more than expected, reinforcing concerns that a global glut continues unabated. more…
+Oil market rattled by deadly Brussels blasts. March 22, 2016.
Oil prices seesawed on Tuesday, rattled by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. more…
+Oil prices edge up from day's lows; supply freeze talks in focus. March 21, 2016.
Oil prices rallied on Monday, reversing earlier losses, as the market digested news of a modest rise in U.S. drilling activity, though uncertainty lingered over the outcome of a meeting of the world’s major exporters next month to discuss freezing output.more…
+Oil prices ease off multi-month highs. March 10, 2016.
Oil prices dipped on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs. more…
+Oil prices rise as big producers plan to discuss output. March 9, 2016.
Oil prices broke above $40 a barrel on Wednesday, driven by anticipation that the world’s largest exporters may agree as soon as this month to freeze output, which could accelerate a decline in the largest global build in unwanted crude in years. more…
+Oil edges lower after Kuwait dents hopes for output freeze. March 8, 2016.
Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water over the prospects for a sustained rally. more…
+Crude prices firm ahead of US data. March 4, 2016.
Crude oil futures edged up on Friday, building on the week’s gains, as traders and analysts eyed U.S. jobs data which could give further momentum to rising prices. more…
+Oil prices ease as glut gloom overcomes budding bulls. March 3, 2016.
Brent oil prices eased on Thursday after ballooning U.S. crude inventories and a lack of any fresh action from the world’s largest producer to temper supply snuffed out some of the bullish sentiment that has built this week. more…
+Oil below $37 as U.S. inventory rise counters output freeze plan. March 2, 2016.
Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in U.S. crude stockpiles to a new record countered support from producer efforts to tackle a supply glut. more…
+Oil near two-month high on China demand hopes, easing supply glut. March 1, 2016.
Oil prices rose on Tuesday after China’s surprise monetary policy easing stoked expectations for higher oil demand from the world’s largest commodities consumer and signs emerged that a global supply glut was starting to deflate. more…
+Oil prices mixed as market ponders whether crude has bottomed out. February 29, 2016.
SINGAPORE (Reuters) – Brent crude futures edged up on Monday after already making up ground last week as indications mounted of the market bottoming out, but analysts warned that downward risk remained and that it would take some time to work down a huge global glut. more…
+Oil prices rise as traders close short Brent positions. February 26, 2016.
SINGAPORE (Reuters) – Crude oil prices flipped on Friday reversing falls in the morning into afternoon gains as traders closed short positions and strong U.S. gasoline demand supported the market. more…
+Oil falls on oversupply, global economic growth concerns. February 25, 2016.
LONDON (Reuters) – Oil prices fell on Thursday on concerns about oversupply amid a slowing global economy, although strong U.S. gasoline demand helped limit losses. more…
+Oil prices fall as OPEC squabbles over output targets, crude stocks swell. February 24, 2016.
Oil prices slid on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles. more…
+Oil prices slip on doubts potential output cap will erode glut. February 23, 2016.
Oil futures eased on Tuesday, eroding some of the previous day’s gains, over doubts a potential production freeze will have any impact on a supply glut. more…
+Oil rises on IEA's U.S. shale outlook and rig data. February 22, 2016.
Oil rose after the world’s oil consumer body said on Monday it expected U.S. shale production to fall this year and next, potentially easing a glut that has driven prices to their lowest in more than a decade. more…
+Oil prices fall on oversupply concerns after US crude stocks hit record. February 19, 2016.
SINGAPORE (Reuters) – Oil futures fell in Asian trade on Friday as a record build in U.S. crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output. more…
+Oil extends rally towards $35 after Iran welcomes output freeze. February 18, 2016.
Oil rose towards $35 a barrel on Thursday after Iran welcomed plans by Russia and Saudi Arabia to freeze output and an industry report showed a surprise drop in U.S. inventories. more…
+Brent Crude Rises as Oil Producer Talks Shift to Tehran. February 17, 2016.
Brent crude advanced as Iran and Iraq were set to meet and discuss backing a proposal by Saudi Arabia and Russia to freeze production at near-record levels amid a global glut. more…
+Oil eases off highs after output freeze agreement. February 16, 2016.
Oil prices slipped off session highs on Tuesday after four of the world’s largest producers agreed to freeze output at January levels if other major exporters joined the pact, dashing hopes among the price bulls for an outright cut to supply. more…
+Oil extends rally on prospects OPEC could act to counter low prices. February 15, 2016.
LONDON (Reuters) – Oil prices rose on Monday, extending a rally triggered last week by speculation that OPEC might agree to cut production to reduce a supply glut that has pushed prices to the lowest in over a decade. more…
+Oil prices jump but weekly losses and physical excess loom. February 12, 2016.
Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. more…
+Oil falls on U.S. supply record, weak demand outlook. February 11, 2016.
Oil slid on Thursday, dented by record U.S. crude inventories, worries about the demand outlook and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year. more…
+Oil rises after third-biggest daily fall since 2008 crisis. February 10, 2016.
Oil rose on Wednesday, after having posted its third-biggest daily fall since the 2008 financial crisis the day before, supported by the possibility of major producers cooperating to tackle a supply glut that has sent prices to 12-year lows. more…
+Oil prices ease as slowdown fears rattle markets. February 9, 2016.
Oil prices eased on Tuesday, dragged lower by a broad decline across major financial markets and by a growing expectation that global demand will not grow quickly enough to erase the overhang of unwanted crude any time soon. more…
+Oil prices slide, supply overhang in focus. February 8, 2016.
Crude oil prices fell on Monday because of lingering concerns over a supply overhang and after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices. more…
+Oil prices steady, weak fundamentals weigh after volatile week. February 5, 2016.
Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.more…
+Oil slips below $35 on glut, scepticism over talk of producer meet. February 4, 2016.
Oil slipped below $35 a barrel on Thursday after the previous session’s 7 percent jump, pressured by oversupply and scepticism that Venezuela’s effort to lobby crude producers for output cuts would succeed. more…
+Oil gains after Russia says open to talking with OPEC. February 3, 2016.
Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world’s largest producers could act to boost prices. more…
+Oil slips toward $33 as hopes for production cut fade. February 2, 2016.
Oil prices fell around 3 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. more…
+Oil falls on China data and fading prospects of OPEC action. February 1, 2016.
Oil fell nearly four percent on Monday as weak economic data from China, the world’s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. more…
+Oil steady, heading for weekly gain on supply cut deal hopes. January 29, 2016.
Oil was steady around $34 per barrel on Friday as hopes of a deal by major exporters to cut production faded slightly. more…
+Oil rises towards $34 on chance of production cut. January 28, 2016.
Oil rose towards $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may cooperate to cut production. more…
+Oil falls as inventory build dashes optimism over supply. January 27, 2016.
Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world’s largest exporters to cut output enough to stem a 19-month-long price slide. more…
+Oil rises further above $30 on hopes of deal to tackle glut. January 26, 2016.
LONDON (Reuters) – Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. more…
+Oil tumbles 3 percent but global stocks hold ground. January 25, 2016.
Oil prices tumbled 3 percent on Monday and dragged the dollar down, but world stocks clung onto gains in a sign of stabilization after a horrendous start to the year. more…
+Oil rises 6 pct but set for biggest January fall in 25 years. January 22, 2016.
Oil rose by more than 6 percent on Friday, as a cold snap boosted demand for heating oil across the United States and Europe, but was still mired near its lowest since 2003 and set for its largest January drop in at least 25 years. more…
+Oil prices fall near 2003 lows on oversupply, demand worries. January 21, 2016.
LONDON (Reuters) – Oil fell on Thursday, dipping back toward 12-year lows on persistent concerns about a supply overhang and the outlook for demand. more…
+Oil rout deepens as glut pushes U.S. crude to new lows. January 20, 2016.
LONDON (Reuters) – Oil futures extended their decline on Wednesday, with U.S. crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand. more…
+Oil rises most in four months on record Chinese demand. January 19, 2016.
Oil prices rose more than 5 percent on Tuesday as investors viewed bullish Chinese oil demand data as a buying trigger, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this year. more…
+Oil slides to lowest since 2003 as Iran sanctions lifted. January 18, 2016.
SINGAPORE (Reuters) – Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country over the weekend. more…
+Crude dive deepens as market braces for more Iranian oil. January 15, 2016.
Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days. more…
+Oil hovers at 12-year lows as Iran supply looms. January 14, 2016.
Oil prices steadied on Thursday, but remained near 12-year lows on the prospect of Iran unleashing its oil on an oversupplied market and with few signs of improving demand in a fragile global economy. more…
+Oil rises for first time in eight sessions on China, U.S. stocks draw. January 13, 2016.
Oil prices rose for the first time in eight days on Wednesday as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures. more…
+Oil steadies below $32 as investors book profits. January 12, 2016.
Crude oil steadied near $32 per barrel on Tuesday, recovering slightly as investors booked profits after it fell to a near-12-year low on concerns about oversupply and fragile demand from China. more…
+Oil prices fall for sixth day as recovery hopes wane. January 11, 2016.
Oil prices fell for a sixth session to trade at almost 12-year lows on Monday as concerns about China’s economic slowdown, reflected in a renewed slide in its stock markets, weighed on the outlook for demand this year. more…
+Oil prices move up from 12 year lows as China shares rise. January 8, 2016.
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent global oversupply and a bleak demand outlook capped gains. more…
+Oil slides below $33 as China turmoil rattles investors. January 7, 2016.
LONDON (Reuters) – Oil slid below $33 a barrel on Thursday to levels not seen in more than a decade, as a tumble in Chinese equities rattled investors already concerned by near-record production and massive stockpiles of unwanted crude. more…
+Iran, Saudi Arabia tensions can't halt slide in oil prices. January 5, 2016.
DALLAS (AP) — Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can’t halt the slide in energy prices. more…
+Oil rises as market ponders scale of future Iran exports. January 4, 2016.
Oil prices edged up on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia’s largest economies are struggling. more…
+Oil hovers near 11-year lows on abundant supply, slowing demand. December 29, 2015.
LONDON (Reuters) – Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports. more…
+Oil falls to $37, near 11-year low as rally fizzles. December 24, 2015.
LONDON (Reuters) – Oil edged lower to around $37 a barrel on Thursday, nearing an 11-year low reached this week, as oversupply pressured the global market despite signs of tightening in the United States. more…
+Oil up after U.S. crude stocks drop, still close to 11-year lows. December 23, 2015.
LONDON (Reuters) – Oil prices edged up on Wednesday after an unexpected fall in U.S. crude inventories but remained not far above 11-year lows as supply continued to outstrip demand. more…
+Oil prices edge up from 11-year lows. December 22, 2015.
Oil prices edged slightly higher on Tuesday after falling to 11-year lows in the previous session, though bearish outlooks for 2016 capped gains. more…
+Oil heads for third straight weekly loss as supply weighs. December 18, 2015.
LONDON (Reuters) – Oil edged down on Friday as bearish sentiment driven by oversupply rattled the market and was set to lead prices to a third straight weekly drop, the longest losing streak in four months. more…
+Oil down second day running on fresh supply build, dollar spike. December 17, 2015.
Oil prices fell as much as 2 percent on Thursday, with Brent trading near 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut. more…
+Oil falls on U.S. supply build, expected U.S. rate hike. December 16, 2015.
LONDON (Reuters) – Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. more…
+Oil edges up as multi-year lows trigger buying. December 15, 2015.
Oil prices edged higher on Tuesday as a slump to near 11-year lows in the previous session whetted investors’ buying appetite but a lingering supply glut kept prices near troughs last seen during the financial crisis. more…
+Oil prices drop towards 11-year lows on worsening glut. December 14, 2015.
LONDON (Reuters) – Oil prices fell for a seventh straight session on Monday, coming close to 11-year lows, on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers. more…
+Oil slides to new seven-year low as IEA warns of worse glut. December 11, 2015.
Crude oil prices hit fresh seven-year lows on Friday as the International Energy Agency (IEA) warned global oversupply could worsen in the new year. more…
+Oil sheds gains as global oversupply concerns persist. December 10, 2015.
LONDON (Reuters) – Oil gave up most of its early gains on Thursday to trade around $40 per barrel as persistent oversupply concerns offset a surprise fall in U.S. crude inventories after 10 weekly rises. more…
+Oil gains on Japan data, U.S. stocks, but more weakness expected. December 9, 2015.
Oil prices rose on Wednesday on strong Japanese economic data and lower crude oil storage figures from the United States, but many investors expected a fall to below 2008 lows due to a mounting global supply glut. more…
+Oil price hits fresh post 2009 lows as glut grows. December 8, 2015.
Oil prices resumed their slide on Tuesday, with U.S. crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a global glut intensifies. more…
+Oil at lowest in almost seven years on OPEC inaction, strong dollar. December 7, 2015.
LONDON (Reuters) – Oil prices fell to their lowest in nearly seven years on Monday after OPEC’s meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger dollar made it more expensive to hold crude positions. more…
+Oil turns negative as OPEC rolls over policy. December 4, 2015.
Crude futures turned negative on Friday after OPEC announced it would not cut output, extending a policy that accelerated a commodity price collapse one year ago and has kept markets swimming in roughly 1.5 million barrels of oversupply. more…
+Oil rises on report of Saudi proposal to balance market next year. December 3, 2015.
LONDON (Reuters) – Oil prices rose from near-2015 lows on Thursday after a report sourced to a senior OPEC delegate said Saudi Arabia would next year propose a deal to balance oil markets with non-OPEC help.more…
+Oil falls on U.S. stockpiles, expected unchanged OPEC stance. December 2, 2015.
LONDON (Reuters) – Oil fell below $44 a barrel on Wednesday as a rise in U.S. inventories added to the global glut and investors discounted the possibility of OPEC cutting output at this week’s meeting. more…
+Oil steadies as oversupply concerns offset weaker dollar. December 1, 2015.
LONDON (Reuters) – Crude oil prices steadied on Tuesday as the dollar eased, but with OPEC widely expected to stick to its output target this week, concern about oversupply remained in focus. more…
+Oil rises, traders take positions ahead of OPEC meeting. November 30, 2015.
Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week despite expectations that the producer group will not change its output policy. more…
+Oil prices slide on China worries, supply glut. November 27, 2015.
Crude oil futures fell on Friday, bringing losses this month to close to 9 percent, as disappointing Chinese data and worries over a supply glut overshadowed geopolitical concerns. more…
+Oil eases on glut, production outlook. November 26, 2015.
Oil fell on Thursday, after six days of gains, as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut. more…
+Oil rises on Middle East tensions, weaker U.S. dollar. November 24, 2015.
Oil prices rose on Tuesday as tensions in the Middle East escalated following the downing of a Russian-made fighter jet near the Syrian-Turkish border, and a weaker dollar provided incentive for investors to buy more oil. more…
+Oil trades near three-month low as excess supply takes toll. November 20, 2015.
Brent crude oil futures traded near three-month lows on Friday as the pressure of a persistent supply glut quashed any optimism about a price recovery. more…
+Oil slides again as focus returns to heavy glut. November 19, 2015.
Oil prices fell on Thursday, with U.S. crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel. more…
+Falling U.S. inventories boost oil prices. November 18, 2015.
Oil rose on Wednesday on reports of falling stockpiles and rising refinery activity in the United States, but analysts said a global supply glut would keep prices under pressure. more…
+Brent oil eases as focus returns to global oversupply. November 17, 2015.
Oil prices eased on Tuesday, reversing the previous day’s gains, as the risk premium stemming from the Paris attacks faded, and the focus returned to the global oversupply in crude and petroleum products. more…
+Geopolitical worries lift oil after Paris attacks, but glut weighs. November 16, 2015.
Oil prices edged up on Monday on geopolitical concerns after Friday’s deadly attacks in Paris claimed by Islamic militants, but gains were muted due to a global crude glut. more…
+Oil falls as investors fret about oversupply. November 12, 2015.
Oil prices fell on Thursday, after a report from OPEC showed that while the group anticipates a pick-up in demand next year it also suggests a market surplus will persist. more…
+Oil prices drop after U.S. inventories rise. November 11, 2015.
Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. more…
+Oil steady after IEA sees sharp decline in investment. November 10. 2015.
Oil prices were steady on Tuesday after the International Energy Agency noted unprecedented declines in investment, though the overall picture of an oversupplied market limited any gains. more…
+Oil rises as OPEC sees strong demand next year. November 9, 2015.
Oil futures rose towards $48 a barrel on Monday as OPEC said it expected global demand to remain strong next year, while weak Chinese trade data and concerns over rising supplies weighed. more…
+Crude set for weekly loss as supply glut and dollar drag. November 6, 2015.
Crude oil prices were on track to post weekly losses on Friday as an oversupply of physical oil and a strong dollar bedevilled the market. more…
+Oil edges up, but signs point to growing glut of barrels. November 5, 2015.
Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed U.S. inventories had risen for a sixth week and weakness spread through the physical market. more…
+Oil holds above $50 on Brazil supply worries. November 4, 2015.
Oil prices held above $50 a barrel on Wednesday following a 3 percent jump a day earlier on the back of Brazilian and Libyan supply worries, a U.S. pipeline outage and a general rally in riskier assets on hopes of more economic stimulus measures. more…
+Crude oil recovers off lows but glut keeps lid on gains. November 3, 2015.
LONDON (Reuters) – Oil recovered off earlier lows on Tuesday, but stayed well below $50, pressured by a glut in supply and worries about a fragile demand outlook. more…
+Oil slides on Chinese demand concerns, record Russian output. November 2, 2015.
LONDON (Reuters) – Oil prices fell on Monday as weak Chinese economic data fuelled concerns about demand slowing in one of the world’s largest oil-consuming nations, while record-high production in Russia exacerbated the global supply glut. more…
+Crude oil on track for weekly gain despite glut. October 30, 2015.
LONDON (Reuters) – Crude futures held steady around $49 in early Friday trading, poised to post the first weekly gain in three weeks despite a supply glut that has tested storage capacity and hammered company results. more…
+Oil prices fall after Fed hints at December rate hike. October 29, 2015.
Crude oil futures fell on Thursday as the dollar strengthened on signs the Federal Reserve may raise U.S. interest rates in December. more…
+Oil prices fall as glut worries worsen. October 27, 2015.
Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks. more…
+Oil falls as supply glut swells storage. October 26, 2015.
Oil edged lower on Monday on a global supply glut pushing fuel storage sites close to capacity, and with fewer speculators betting on a rise in crude prices. more…
+Oil steady as upbeat economic data, ECB stimulus support. October 23, 2015.
Oil prices held steady on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled more stimulus. more…
+Oil rises back over $48 on technical buying. October 22, 2015.
Oil prices rose above $48 a barrel on Thursday, propelled by technical buying and as investors re-evaluated U.S. data that showed falling stockpiles of fuel as well as higher crude inventories. more…
+Oil falls after U.S. inventories deepen supply concerns. October 21, 2015.
LONDON (Reuters) – Oil prices slipped on Wednesday after a big build in U.S. crude inventories which fed concerns that demand may not be enough to absorb one of the largest global surpluses in modern times. more…
+Oil steadies but outlook uncertain. October 20, 2015.
Oil steadied on Tuesday as traders covered short positions after a week of falls, but the outlook was uncertain with the head of the world’s biggest independent oil trader saying prices would struggle to recover much ground over the next year. more…
+Oil down three percent; tumbling gasoline adds to China, Iran worries. October 19, 2015.
NEW YORK (Reuters) – Crude oil fell about 3 percent on Monday after a tumble in gasoline futures added pressure to a market already slumping on slower growth in China and signs that Iranian oil will return to market soon because of a nuclear deal likely to be implemented this year. more…
+Oil steadies after week of heavy losses. October 16, 2015.
Oil prices steadied on Friday, snapping a week-long decline as investors closed positions at the end of a volatile week that saw prices slide nearly 10 percent on renewed signs a global supply glut was here to stay. more…
+Oil slips under $49 on inventory rise. October 15, 2015.
Oil fell under $49 per barrel on Thursday, as selling continued after a jump in U.S. stockpiles shown in industry data the day before. more…
+Oil eases further below $50 on oversupply, China concern. October 14, 2015.
Oil eased further below $50 a barrel on Wednesday, falling for a third day, on concern a supply glut will persist and demand slow down as economic growth moderates in No. 2 consumer China. more…
+Oil slips on IEA report, U.S. stocks forecast. October 13, 2015.
Oil prices slipped on Tuesday after the International Energy Agency (IEA) forecast a global supply glut would last through 2016 as demand growth slows and key OPEC producers maintain near-record output. more…
+Oil rises after Kuwait sees higher prices ahead. October 12, 2015.
Oil prices rose on Monday after Kuwait’s oil minister said economic growth and the removal of high-cost producers would help tighten global fuel balances and OPEC forecast more demand for its oil next year. more…
+Oil extends gains, set for biggest weekly rise since 2009. October 9, 2015.
Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.S. Federal Reserve minutes suggested it was in no hurry to raise interest rates and an influential forecaster predicted a price rally. more…
+Oil pares gains after U.S. inventories cloud outlook. October 8, 2015.
LONDON (Reuters) – Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in U.S. inventory levels dented some of the recent optimism that the oversupply plaguing the market could soon vanish. more…
+Crude oil futures push higher after range breakout. October 7, 2015.
Oil futures rose in thin Asian trade on Wednesday, with U.S. oil up more than $1, after breaking out of a month-long trading range on a forecast suggesting a global glut in supply may be easing. more…
+Oil up as Russia mulls OPEC talks, rig count drops. October 5, 2015.
Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year’s highs due to a supply glut. more…
+Oil edges up on U.S. economy optimism, Syria fears. October 2, 2015.
Oil edged higher on Friday on fears about escalating violence in Syria and on expectations that data would show economic strength in the United States, the world’s largest oil consumer. more…
+Oil rises above $49 on heightened Syria risks. October 1, 2015.
Oil rose above $49 a barrel on Thursday as an emerging risk premium over the situation in Syria countered further signs of an economic slowdown in Asia and rising U.S. inventories. more…
+Oil down on large U.S. crude stockpile build. September 30, 2015.
LONDON (Reuters) – Oil prices slipped on Wednesday after an unexpectedly big build in U.S. crude inventories, further evidence of an oversupply that has helped halve global spot prices over the last year. more…

+Oil rises as tighter U.S. market offsets Asia woes. September 29, 2015.
Oil prices rose on Tuesday after evidence of tightening supplies in the United States, the world’s biggest oil consumer, outweighed concerns over the health of the Chinese economy. more…
+Oil prices fall on slowing global economic growth outlook. September 28, 2015.
SINGAPORE (Reuters) – Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices. more…
+Oil prices steady, pressured by Japan data, dollar gain. September 25, 2015.
Oil prices were steady at about $48 per barrel on Friday, pressured by a rise in the dollar, weak consumer data from Japan and after analysts from Standard & Poor’s ratings cut their oil price assumptions. more…
+Oil rebounds near $48 on bargain-hunting after sharp fall. September 24, 2015.
LONDON (Reuters) – Oil steadied at around $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook. more…
+Oil nears $50 as U.S. stock-draw balances China data. September 23, 2015.
LONDON (Reuters) – Brent crude oil rose toward $50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. more…
+Oil prices dented by uncertain global outlook. September 22, 2015.
LONDON (Reuters) – Crude oil prices fell on Tuesday, reversing a steep rally the previous day, under pressure from uncertainty over whether global demand will be enough to erode a sky-high surplus. more…
+Oil rebounds on expectations for further declines in output. September 21, 2015.
Crude-oil futures edged higher in Asian trade Monday, after data released over the weekend showed a further decline in the number of oil rigs operating in the U.S., a sign producers are making some effort to cut back supply amid low prices. more…
+Oil prices ease on global economic concerns, OPEC inaction. September 18, 2015.
LONDON (Reuters) – Oil prices eased on Friday after the U.S. central bank warned of a weakening global economy and on signs that the world’s biggest crude producers would keep pumping at high levels to maintain market share. more…
+Oil slips as Japan data outweighs U.S. stock draw. September 17, 2015.
LONDON (Reuters) – Oil prices fell on Thursday after weak Japanese data sounded alarm bells over the prospects for global growth, outweighing the bullish impact of a bigger-than-expected decline in U.S. crude oil stocks. more…
+Oil rises on U.S. stockpile drawdown ahead of Fed decision. September 16, 2015.
LONDON (Reuters) – Oil rose on Wednesday after an unexpected drawdown in U.S. stockpiles and an increase in U.S. gasoline prices, but concerns remained about a global surplus, falling Asian demand and whether the Federal Reserve would raise interest rates. more…
+Oil edges further above $46, weak Asian outlook weighs. September 15, 2015.
LONDON (Reuters) – Oil edged further above $46 a barrel on Tuesday, supported by the prospect of lower U.S. inventories and production although concern about weaker Asian demand kept prices in check. more…
+Brent oil prices dip on weaker China data. September 14, 2015.
LONDON (Reuters) – Brent crude oil fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude. more…
+Oil Extends Weekly Drop on Glut as Goldman Cuts Price Forecasts. September 11, 2015.
Oil deepened its weekly decline amid the global glut as Goldman Sachs Group Inc. trimmed its price forecasts on signs the surplus will persist. more…
+Oil prices rise slightly ahead of U.S. data, Asia weighs. September 10, 2015.
LONDON (Reuters) – Oil prices rose on Thursday ahead of weekly U.S. stocks data, despite fresh signs of an economic slowdown in China and Japan. more…
+Oil Prices Ride Gains in Asian Markets as Sentiment Improves. September 9, 2015.
Oil prices moved into positive territory with small gains in Asian trade Wednesday, buoyed by stronger sentiment across financial markets in the region. more…
+Brent oil rises on European, Chinese data; oversupply weighs. September 8, 2015.
LONDON (Reuters) – Brent oil rose on Tuesday as strong European economic data and a year-on-year increase in Chinese crude imports outweighed concerns about Asia’s economic growth and global oil oversupply. more…
+Oil prices fall on China equity losses. September 7, 2015.
LONDON (Reuters) – Oil fell on Monday as Chinese equities weakened, with a firmer dollar and global oversupply fears weighing on prices. more…
+Oil prices dip on caution ahead of U.S. jobs data. September 4, 2015.
SINGAPORE (Reuters) – Oil prices eased on Friday as investors turned cautious ahead of U.S. jobs data that is expected to play into the Federal Reserve’s decision on the timing of any U.S. rate hike. more…
+Oil down on stock builds, equity rally aids. September 3, 2015.
LONDON (Reuters) – Crude oil prices softened on Thursday after a surprise build in U.S. inventory levels and on a firm dollar, although stronger equity markets helped support commodities. more…
+Oil extends losses on weak economic outlook. September 2, 2015.
LONDON (Reuters) – Oil prices fell on Wednesday as concerns about the global economy exacerbated worries that an oversupply of crude could last longer than expected. more…
+Oil falls 3 percent on weak China factory data. September 1, 2015.
Oil prices fell more than 3 percent on Tuesday after official data showed China’s giant manufacturing sector, the engine powering the world’s biggest energy consumer, contracted at the fastest pace in three years. more…
+Oil falls back below $49 as glut, China concerns weigh. August 31, 2015.
LONDON (Reuters) – Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China’s economy. more…
+Oil prices extend gains after biggest daily climb in six years. August 28, 2015.
Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. more…
+Oil prices rise more than 4.5 percent as equities rally. August 27, 2015.
LONDON (Reuters) – Oil prices jumped more than 4.5 percent on Thursday after a rally in equity markets and an unexpected fall in U.S. crude inventories, but worries over the Chinese economy and a global oil glut kept the outlook uncertain. more…
+Oil catches breath near six-and-a-half-year lows after falls. August 26, 2015.
LONDON (Reuters) – Oil stabilized on Wednesday after China’s central bank moved to support the country’s economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish. more…
+Oil rallies but still near 6-1/2-year lows. August 25, 2015.
LONDON (Reuters) – Oil bounced back from heavy losses on Tuesday but global oversupply and worries over the severity of the economic slowdown in China, the world’s top commodity consumer, kept prices near 6-1/2-year lows. more…
+Oil tumbles up to 6 percent to new lows as China fears intensify rout. August 24, 2015.
NEW YORK (Reuters) – Oil’s weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin. more…
+U.S. oil fall longest in 29 years after China data. August 21, 2015.
LONDON (Reuters) – U.S. oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer. more…
+U.S. oil falls towards $40 on global glut. August 20, 2015.
LONDON (Reuters) – U.S. crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels. more…
+Oil prices fall again as lower demand U.S. season looms. August 19, 2015.
SINGAPORE (Reuters) – Oil prices fell on Wednesday after eking out gains in the previous session, with the United States set to enter the lower demand autumn season and Asia’s leading economies continuing to show signs of slowing down. more…
+U.S. oil prices near six-year lows as China weighs. August 18, 2015.
LONDON (Reuters) – U.S. oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world’s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply. more…
+Oil moves nearer six-year low on Japan data, oversupply. August 17, 2015.
LONDON (Reuters) – Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world’s third biggest oil consumer, contracted in the second quarter. more…
+U.S. crude oil hits 6-1/2-year low on high stocks, China. August 14, 2015.
LONDON (Reuters) – U.S. crude oil fell to its lowest in almost 6-1/2 years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and the Chinese economy.
more…
+IEA sees oil glut persisting in 2016 despite soaring demand. August 12, 2015.
LONDON (Reuters) – World oil demand is growing at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply is so great that it will last through 2016, the West’s energy watchdog said on Wednesday. more…
+Oil prices fall after China devalues yuan. August 11, 2015.
LONDON (Reuters) – Oil prices fell on Tuesday after China devalued its currency in its latest effort to prop up economic growth, making dollar-priced commodities more expensive and weighing on the oil demand outlook for the world’s top energy consumer. more…
+Oil Trades Near Five-Month Low as U.S. Drillers Deploy More Rigs. August 10, 2015.
Oil traded near the lowest level in almost five months in New York as a rebound in U.S. drilling signaled production is withstanding the slump in prices. more…
+Oil slips, glut puts it on track for sixth week lower. August 7, 2015.
LONDON (Reuters) – Oil was on track for another weekly drop as oversupply concerns weighed on the world’s oil benchmark, facing a sixth consecutive week of losses, the longest run since the turn of the year. more…
+Oil trades close to multi-month lows, Brent below $50. August 6, 2015.
LONDON (Reuters) – Oil traded near multi-month lows on Thursday with Brent under $50 a barrel as a supply glut persisted despite record U.S. refinery runs, and little sign of any reduction in production. more…
+Oil edges back up to $50 a barrel from six-month low. August 4, 2015.
LONDON (Reuters) – Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook. more…
+Oil Slumps to Six-Month Low on Iran Supply Plan, China Slowdown. August 3, 2015.
Oil fell to a six-month low in London as Iran vowed to boost production immediately after sanctions are lifted and manufacturing in China slowed. more…
+Oil falls after OPEC comments imply no supply cut. July 31, 2015.
LONDON (Reuters) – Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers’ cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. more…
+Oil Pares Biggest Monthly Drop of 2015 as U.S. Supply Retreats. July 30, 2015.
Oil rose in London and New York, paring the biggest monthly loss of 2015, after U.S. crude inventories dropped and the nation’s production fell the most since 2013. more…
+Oil prices fall for sixth day as glut bites. July 29, 2015.
LONDON (Reuters) – Oil prices fell for a sixth day on Wednesday, marking their longest string of losses in a year, as worsening global oversupply offset the potential lift from a weaker dollar and an expected drop in U.S. crude stocks. more…
+Oil prices fall to lowest in nearly six months. July 28, 2015.
LONDON (Reuters) – Oil prices fell to their lowest in nearly six months on Tuesday, as a rout in the Chinese stock market cast further doubt over the outlook for crude demand in the world’s top commodities consumer. more…
+Oil prices slide on China stocks rout, supply glut. July 27, 2015.
LONDON (Reuters) – Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year. more…
+Brent Drops Below $55 a Barrel With U.S. Crude in Bear Market. July 24, 2015.
Brent crude dropped below $55 a barrel for the first time in more than three months while U.S. prices traded in a bear market amid a persisting surplus. more…
+Oil prices fall on unexpected rise in U.S. crude stocks. July 22, 2015.
LONDON (Reuters) – Oil prices fell on Wednesday after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. more…
+Return of Iran Crude Weighed Against U.S. Rig Drop. July 20, 2015.
Brent held losses after a third weekly decline as investors weighed the prospect of increased Iranian crude supplies against a drop in U.S. drilling rigs. more…
+Oil rises after UK North Sea oilfield outage. July 16, 2015.
LONDON (Reuters) – Oil prices rose on Thursday after a power outage closed the UK’s largest oilfield, restricting flows to the North Sea’s main oil stream that underpins the global benchmark Brent crude. more…
+Oil prices tumble as Iran, global powers reach nuclear deal. July 14, 2015.
LONDON (Reuters) – Oil prices dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports. more…
+Oil tumbles as Iran nuclear deal looms. July 13, 2015.
LONDON (Reuters) – Oil prices tumbled on Monday as Iran and six world powers closed in on a nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets. more…
+Oil rises on hopes for China, Greece but demand worries weigh. July 10, 2015.
Oil prices rose on Friday, lifted by a rebound in Chinese stock prices and hopes that the Greek debt crisis could be resolved, but worries about oversupply and slowing demand limited gains. more…
+Oil under $60 beyond 2016 suggests market rethinking shale. July 8, 2015.
NEW YORK (Reuters) – The almost 10 percent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and momentum-chasing traders. more…
+Oil crashes 8 percent as Greek vote, Iran talks set off exodus. July 7, 2015.
NEW YORK (Reuters) – Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece’s rejection of debt bailout terms and China’s stock market woes set off a deepening spiral of losses. more…
+Oil falls more than 3 pct after Greek 'No'. July 6, 2015.
LONDON (Reuters) – Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. more…
+Oil prices fall on strong shale supply. July 3, 2015.
Oil prices fell on Friday, in response to concerns over resilient U.S. crude production. more…
+Oil holds above $64 before U.S. supply report, eyes on Iran. June 24, 2015.
LONDON (Reuters) – Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing. more…
+Oil steady as Europe optimism offsets supply glut, strong dollar. June 23, 2015.
LONDON (Reuters) – Oil prices remained flat on Tuesday as strong European economic data and optimism a deal will be struck between Greece and its creditors offset the impact of a supply glut and a stronger dollar. more…
+Oil rises on Greek deal hopes. June 22, 2015.
LONDON (Reuters) – Oil prices rose toward $64 a barrel on Monday, joining stronger financial markets on speculation that European Union leaders could avert a Greek bankruptcy.. more…
+Oil falls to $63, ample supplies and Greece weigh. June 19, 2015.
LONDON (Reuters) – Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. more…
+Oil prices rise on weak dollar, hopes of Greek deal. June 18, 2015.
LONDON (Reuters) – Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. more…
+The World Is Facing Its Longest Oil Glut in at Least Three Decades. June 16, 2015.
The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable. more…
+Oil Declines a Third Day as U.S., OPEC Output Prolongs Surplus. June 15, 2015.
Oil dropped for a third day on speculation the highest production in decades from the U.S. and OPEC’s largest members will keep global markets oversupplied. more…
+Oil slips as Saudis stand by to increase production. June 12, 2015.
LONDON (Reuters) – Oil prices slipped on Friday after the world’s top crude exporter Saudi Arabia said it was ready to raise output to new record highs, potentially adding to a global supply glut. more…
+Oil falls on stronger dollar, persistent oversupply concerns. June 11, 2015.
LONDON (Reuters) – Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency (IEA) failed to dispel concerns about a supply glut. more…
+Oil prices jump on U.S. stock draw, easing production. June 10, 2015.
LONDON (Reuters) – Oil prices rose on Wednesday after a report of falling U.S. inventories and signs that U.S. oil production growth was leveling off after several years of very sharp increases. more…
+Oil gains on driving season demand, China stimulus hopes. June 9, 2015.
LONDON (Reuters) – Oil prices gained on Tuesday as higher seasonal demand in developed economies offset the impact of a large global supply overhang. more…
+Oil slips after OPEC keeps output high, China slowdown. June 8, 2015.
LONDON (Reuters) – Oil prices slipped on Monday on news of a slide in China’s fuel imports and as markets digested OPEC’s decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year. more…
+Oil prices fall as OPEC seen keeping production high. June 5, 2015.
LONDON(Reuters) – Oil prices fell for a third day in a row on Friday as OPEC ministers met in Vienna for a policy meeting that was expected to keep oil production unrestrained for the next six months, feeding a huge global oversupply. more…
+Tight oil is here to stay, Conoco CEO tells OPEC. June 4, 2015.
VIENNA (Reuters) – The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S. firm ConocoPhillips (COP.N) told a seminar organised by oil-producing group OPEC. more…
+Oil prices drop as oversupply weighs on markets. June 3, 2015.
Crude oil prices fell on Wednesday as oversupply weighed on markets, with OPEC not expected to announce a production cut at its meeting on Friday. more…
+Oil up ahead of OPEC meeting as dollar slips. June 2, 2015.
LONDON (Reuters) – Oil prices rose on Tuesday as the dollar weakened and on expectations that OPEC producers would maintain their group production target at its current level and resist pressure for an increase. more…
+Oil up over 1 percent after U.S. inventory drop. May 29, 2015.
LONDON (Reuters) – Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. more…
+Oil prices edge up after two days of steep falls. May 28, 2015.
Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure. more…
+Oil rebounds 1 percent, U.S. crude stocks in focus. May 27, 2015.
Crude futures rose about 1 percent on Wednesday to recover some ground after steep drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. more…
+Oil drops to $65 on U.S. shale outlook, dollar. May 26, 2015.
Oil fell to around $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar. more…
+Oil prices edge up on firm Asian, U.S. demand. May 25, 2015.
Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. more…
+OPEC Refuses to Yield in Battle for Oil-Market Share. May 22, 2015.
OPEC will stick with the strategy of favoring market share over prices when it meets next month because rival producers are already starting to buckle. more…
+Oil nears $59 as U.S. supply falls, Middle East tension rises. May 20, 2015.
Oil futures settled higher, with the U.S. benchmark near $59 a barrel as the government reported a third straight weekly fall in crude supplies and tensions in the Middle East intensified. more…
+Oil prices slip on dollar rally, ample supply. May 19, 2015.
LONDON (Reuters) – Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. more…
+Oil steadies below $67 as global glut builds. May 15, 2015.
LONDON (Reuters) – Brent crude oil steadied below $67 a barrel on Friday, consolidating after several weeks of gains after reports of a growing supply glut that is building inventories worldwide. more…
+Oil sees choppy trade as the market grapples with global-oversupply worries. May 14, 2015.
Crude-oil futures were mixed in Thursday trade as investors weighed concerns that global oil oversupply hasn’t really been dented by slowing U.S. oil production. more…
+Oil extends gains after U.S. fuel stocks drop. May 13, 2015.
LONDON (Reuters) – Brent crude oil rose above $67 a barrel toward five-month highs on Wednesday after U.S. crude stockpiles fell for a second straight week, suggesting that the world’s biggest oil market is rebalancing. more…
+WTI crude atop $60 a barrel as dollar weakens. May 12, 2015.
Oil prices shot higher on Tuesday as the dollar dropped, but analysts questioned the strength of the recent rally amid the continuing global oil glut. more…
+Oil falls below $65 on signs of U.S. shale oil revival. May 11, 2015.
LONDON (Reuters) – Oil slipped below $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut. more…
+Oil on verge of weekly decline despite strong Chinese imports. May 8, 2015.
LONDON (Reuters) – Crude oil prices edged higher on Friday, set for their first weekly decline in more than a month as strong Chinese crude imports eased concerns over a growing supply glut. more…
+Oil dips from 2015 highs, markets still well supplied. May 7, 2015.
(Reuters) – Oil prices eased on Thursday after hitting 2015 highs in the previous session, as an OPEC delegate indicated the group would stick to a strategy of pursuing market share rather than cutting output and traders took profits after a multi-week rally. more…
+Oil bulls drive crude to 2015 high on fall in U.S. stocks. May 6, 2015.
LONDON (Reuters) – Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. more…
+Oil hits 2015 highs above $67 as Libyan output slows. May 5, 2015.
(Reuters) – Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. more…
+Oil hits 2015 high as traders look beyond ample current supply. May 4, 2015.
LONDON (Reuters) – Oil rose to a 2015 high of $67 a barrel on Monday, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. more…
+Brent crude prices slip away from 5-month highs as Japan's industry stutters. April 30, 2015.
SINGAPORE, April 30 (Reuters) – Oil prices slipped away from five-month highs in early Asian trading on Thursday as Japanese factory output weakened for the second straight month. more…
+Oil Bears Routed by Spring Thaw in Prices as Drill Rigs Sit Idle. April 27, 2015.
[Bloomberg] Speculators pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and U.S. output slowed. more…
+Oil Reverses Losses in New York on Concern Market Will Tighten. April 23, 2015.
[Bloomberg] Oil advanced in New York on speculation that the global supply surplus will be eroded and as a drop in the dollar made commodities more attractive. more…
+Yemen conflict keeps Brent crude oil around $63. April 21, 2015.
LONDON (Reuters) – Brent crude oil steadied around $63 a barrel on Tuesday, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilize the Middle East, affecting oil supplies. more…
+Oil falls as Saudi output remains near record high. April 20, 2015.
LONDON (Reuters) – Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world’s biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) in April. more…
+Oil slips below $64 as ample supplies weigh. April 17, 2015.
LONDON (Reuters) – Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. more…
+IEA says oil supply boost may defer market tightening. April 15, 2015.
LONDON (Reuters) – World oil markets may take longer to tighten than expected due to a surge in OPEC supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said on Wednesday. more…
+Oil above $58 on U.S. shale output report, Mideast. April 14, 2015.
LONDON (Reuters) – Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tension in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. more…
+Oil rises, heads for weekly gain as Iran tensions support. April 10, 2015.
NEW YORK (Reuters) – Crude oil prices rose more than 1 percent on Friday, heading for a weekly gain on lift from lowered expectations that an agreement on Iran’s nuclear program will result in a rapid return of more Iranian barrels to the market. more…
+Oil leaps 5 pct on tempered Iran view, slower U.S. inventory rise. April 6, 2015.
NEW YORK (Reuters) – Oil prices jumped over 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing. more…
+Oil eases below $57 as Iran, big powers negotiate. April 2, 2015.
LONDON (Reuters) – Oil prices slipped on Thursday as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets….Crude prices snapped a three-session losing streak on Wednesday after the U.S. Energy Information Administration (EIA) said U.S. oil production dropped last week for the first time since late-December. more…
+Oil drops to $55 as Iran nuclear talks intensify. March 31, 2015.
LONDON (Reuters) – Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. more…
+Oil falls more than $1 as Middle East supply fears ease. March 27, 2015.
LONDON (Reuters) – Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen. more…
+Oil prices surge after Saudi air strikes in Yemen. March 26, 2015.
(Reuters) – Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. more…
+Oil rebounds above $56 as weaker dollar overshadows China slowdown. March 24, 2015.
LONDON (Reuters) – Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high. more…
+Oil bounces back as Fed remarks whack the dollar. March 18, 2015.
SAN FRANCISCO (MarketWatch) — Oil futures climbed on Wednesday, as comments from the Federal Reserve, signaling its intent to raise key interest rates cautiously, indirectly sparked a rebound in West Texas Intermediate crude prices, pushing them above $44 a barrel. more…
+Oil prices march lower after cracking six-year low . March 17, 2015.
NEW YORK (MarketWatch) — U.S. oil prices were dipping lower in early Tuesday trade after sinking to a six-year low on persistent worries about a supply glut on Monday. more…
+Oil price slips as US supply levels swell; stocks soft. March 13, 2015.
LONDON (AP) — Oil prices fell sharply Friday in the wake of figures showing U.S. stock levels continue to build. Global stock markets, meanwhile, lacked momentum at the end of what has been a volatile week, largely due to shifting opinions on when the U.S. Federal Reserve will start raising interest rates. more…
+Brent oil climbs above $58 on weaker dollar, Iraq fighting. March 12, 2015.
LONDON (Reuters) – Brent oil futures rose more than a dollar to above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. more…
+Oil drops toward $59 on dollar, stock builds. March 9, 2015.
LONDON (Reuters) – Brent crude oil fell toward $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs. more…
+Brent above $61 as Iran news offsets U.S. stockpiles. March 5, 2015.
LONDON (Reuters) – Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran’s nuclear program. more…
+Oil rebounds above $60 as rival Libyan force bombs ports. March 3, 2015.
LONDON (Reuters) – Oil rebounded by more than $1 to above $60 (39 pounds) a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from the biggest one-day loss in a month. more…
+Oil Drops as Gain in Saudi Arabian Output Boosts OPEC Production. March 2, 2015.

(Bloomberg) — Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting OPEC’s output beyond its collective quota for a ninth month.

Futures decreased as much as 1.4 percent in New York. The Organization of Petroleum Exporting Countries pumped 30.6 million barrels a day in February, according to a Bloomberg survey. more…

+Oil rises above $62 after Saudi comments on demand. Feb 26, 2015.
LONDON (Reuters) – Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. more…
+Oil rebounds above $59 after Libya's largest field shuts. Feb 24, 2015.

LONDON (Reuters) – Brent crude oil reversed early losses to trade back above $59 a barrel on Tuesday as Libya’s largest oilfield stopped production, and as traders awaited U.S. oil inventory data to see whether it would show another large increase.

The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member. more…

+CORRECTED-UPDATE 12-Oil falls 2 pct on glut worries; heating oil up on tight supply. Feb 23, 2015.
NEW YORK, Feb 23 (Reuters) – Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries. more…
+Oil rises toward $61, U.S. rig count expected to fall. Feb 20, 2015.

LONDON (Reuters) – Brent crude oil rose toward $61 a barrel on Friday as expectations of falling U.S. rig count numbers outweighed concerns about oversupply.

The number of rigs drilling for oil in the United States fell to its lowest since August 2011 last week. This week’s numbers, produced by oil services firm Baker Hughes Inc, are due around 1800 GMT (01:00 p.m. EST) on Friday. more…

+Oil falls sharply as U.S. crude inventories rise. Feb 19, 2015.
LONDON (Reuters) – Oil prices tumbled on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply. more…
+Oil rises to $62, close to 2015 high. Feb 17, 2015.

(Reuters) – Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output.

Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq’s semi-autonomous Kurdistan Regional Government threatened to withhold oil exports if Baghdad failed to send its share of the budget. more…

+Crude Trades Near Two-Month High as Drilling Slows in U.S. Feb 16, 2015.
(Bloomberg) — Oil traded near a two-month high in London amid speculation that a slowdown in U.S. drilling may curb production. more…
+Brent above $60 on oil company cutbacks. Feb 13, 2015.
Brent crude rose above $60 a barrel for the first time this year after a slew of investment cutback announcements from leading oil companies raised expectations of a decline in supplies. more…
+Oil settles nearly 5% higher; natural gas falls 3%. Feb 12, 2015.
SAN FRANCISCO (MarketWatch) — Oil futures settled with a nearly 5% gain on Thursday, as a deal to end the conflict in Ukraine eased worries over the potential for new sanctions over Russia. more…
+Oil prices rebound from sharp losses. Feb 12, 2015.

London (AFP) – Global oil prices rebounded Thursday on the weaker dollar, after tumbling the previous day on concerns about surging stockpiles in top consumer the United States, analysts said.

US benchmark West Texas Intermediate (WTI) for March delivery rallied $1.84 to $50.68 a barrel compared with Wednesday’s close. more…

+Oil volatile ahead of U.S. inventory data. Feb 11, 2015.

Crude-oil futures swung between gains and losses on Wednesday, as investors remain uncertain about oil-supply levels and scrutinize data for cues.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH5, -0.94% traded at $49.63 a barrel in recent trade, down 0.8%, or 39 cents, in the Globex electronic session.

Brent crude for March delivery LCOH5, -1.65% on London’s ICE Futures exchange fell 60 cents, or 1%, to $55.67 a barrel. more…

+Oil falls sharply as IEA expects inventories to rise. Feb 10, 2015.

(Reuters) – Crude oil prices fell for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production.

Oil stockpiles in member countries of the Paris-based Organization for Economic Cooperation and Development (OECD) may approach a record 2.83 billion barrels by mid-2015, said the IEA, advisor on energy policy to a group of Western nations. more…

+Saudi Arabia Deepens Asia Oil Discount to Record Low. Feb 6, 2015.

(Bloomberg) — Saudi Arabia, the world’s largest crude exporter, cut pricing for March oil sales to Asia, a sign that the desert kingdom is continuing to fight for market share.

State-owned Saudi Arabian Oil Co. lowered its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks, the company said in an e-mailed statement Thursday. That’s the lowest in at least the 14 years since Bloomberg began gathering data. more…

+Oil erases losses for 2015 as majors take action. Feb 3, 2015.

The price of oil continued its rally Tuesday, with producers announcing spending cuts which added to a slew of positive factors helping to drive the commodity higher.

U.S. crude prices climbed about $1.5 a barrel on Tuesday morning and was trading above $51 a barrel by 10:30 a.m GMT. Brent crude for March delivery opened at $55 a barrel and had risen to $56.53 a barrel by the same time. Both have seen gains of around 3 percent in morning trade and have climbed around 16 percent since Friday. more…

+Oil Extends Advance From Six-Year Low Amid U.S. Refinery Strike. Feb 2, 2015.

(Bloomberg) — Crude oil extended a surge from the lowest level in almost six years on speculation that some investors are buying contracts to close out bearish bets. U.S. gasoline rose amid a strike affecting some of the nation’s refineries.

West Texas Intermediate futures gained as much as 4.8 percent on Monday, while Brent increased as much as 5 percent, before paring those advances. Hedge funds and other speculators held the largest number of short contracts in WTI in four years last week. The U.S. grade rose 8.3 percent on Jan. 30, the biggest one-day gain since June 2012. more…

+Biggest U.S. Oil Workers Strike Since 1980 Enters Second Day. Feb 2, 2015.

(Bloomberg) — The strike by oil workers at plants accounting for 10 percent of U.S. refining capacity entered a second day Monday in the biggest walkout since 1980. Crude futures gained.

The United Steelworkers union that represents employees at more than 200 refineries, terminals, pipelines and chemical plants stopped work Sunday at nine sites after failing to agree on a renewed labor contract. The union rejected five offers made by Royal Dutch Shell Plc on behalf of companies including Exxon Mobil Corp. and Chevron Corp. since talks began Jan. 21. more…

+Oil prices fall after last week's surge, strike action. Feb 2, 2015.

SINGAPORE (Reuters) – Crude oil prices fell on Monday after U.S. unions called a refinery strike and traders cashed in on strong price gains last week when the market soared on a sharp drop in U.S. drilling.

Despite the decline, analysts said that record open interest – the number of outstanding futures contracts – indicated that prices may have bottomed out. more…

+Oil prices slip as output remains high, producers slash costs. Jan 30, 2015.

(Reuters) – Oil prices dipped on Friday following slight gains in the previous session and analysts said the outlook remained weak, with production high and producers reducing operating costs to adjust to lower export revenues.

Global oil prices had firmed slightly on Thursday but not before U.S. crude hit a near-six-year low and benchmark Brent pared gains on data showing fresh additions to record-high U.S. oil inventories. more…

+Oil Trades Near Six-Year Low With U.S. Supply Highest Since 1982. Jan 29, 2015.

(Bloomberg) — Oil traded near the lowest price in almost six years in New York after U.S. crude stockpiles climbed to the highest level since at least 1982.

West Texas Intermediate futures were little changed following Wednesday’s 3.9 percent drop. Crude inventories in the U.S., the world’s biggest oil consumer, expanded by 8.87 million barrels to 406.7 million last week, the Energy Information Administration reported. Royal Dutch Shell Plc said it will cut $15 billion of spending over the next three years. more…

+U.S. Stocks Fall, Dollar Gains With Treasuries on Fed Decision. Jan 28, 2015.

(Bloomberg) — U.S. stocks fell, erasing an earlier rally, as crude oil’s plunge to its lowest level in more than six years sent energy shares lower. Treasuries climbed after the Federal Reserve maintained a pledge to be “patient” on interest rates, citing international risks to the economy.

The Standard & Poor’s 500 Index closed down 1.4 percent by 4 p.m. in New York, erasing an earlier 0.6 percent gain as energy companies fell the most in three weeks. U.S. oil tumbled 3.9 percent to below $45 a barrel on data showing the highest American supplies of the commodity in more than 30 years. Apple Inc. jumped 5.7 percent on record earnings. Ten-year Treasury yields slid by 10 basis points to 1.72 percent. New Zealand’s dollar slumped as policy makers signaled a long pause on rates.

U.S. data showed oil inventories rose to the highest level in records going back to 1982, stoking concern over a supply glut. Equities reversed early gains fueled by Apple’s results and a cash-flow forecast from Boeing Co. In a statement after its two-day meeting, the Fed said it’s confronting divergent economic forces as it weighs the timing of the first U.S. rate increase since 2006. While boosting their assessment of the economy, officials said inflation will probably slow further.more…

+U.S. oil well shut-ins start as crude rout batters small producers. Jan 27, 2015

Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn.

As oil prices fell by more than half over the last six months from more than $100 per barrel, the U.S. oil industry responded by slowing its blistering growth and dialing back expansion plans.

Now, with U.S. crude around $46 a barrel, operators are already closing some small old wells, known as strippers, and tens of thousands of similar wells are on the verge of losing money. A further slide could, by some estimates, idle an equivalent of up to 2 percent of U.S. supply, slowing overall output growth more than expected or even leaving it flat. more…

+Oil Pares Gains as New Saudi King Says Policies Stable. Jan. 23rd 2015
Oil pared gains following the death of King Abdullah of Saudi Arabia as his successor said policies won’t change in the world’s largest crude exporter.

Futures climbed as much as 2.6 percent in London and 3.1 percent in New York after the Saudi royal court announced the death in a statement. King Salman bin Abdulaziz, who succeeds Abdullah on the throne, said he would maintain his predecessor’s policies. Oil Minister Ali Al-Naimi, who led OPEC’s November decision to defend market share against surging U.S. shale supplies, remains in his post, according to state-run Saudi Press Agency.

“It was expected the oil market would react nervously to the king’s death,” said Giovanni Staunovo, an analyst at UBS AG in Zurich. “But it’s likely to be a short-term reaction as the majority of market participants don’t expect a change in Saudi policy. Since the bounce, prices have drifted lower again.”more…

+Goldman Sees Need for $40 Oil as OPEC Cut Forecast Abandoned. Jan. 12th 2015
Goldman Sachs said U.S. oil prices need to trade near $40 a barrel in the first half of this year to curb shale investments as it gave up on OPEC cutting output to balance the market.

The bank cut its forecasts for global benchmark crude prices, predicting inventories will increase over the first half of this year, according to an e-mailed report. Excess storage and tanker capacity suggests the market can run a surplus far longer than it has in the past, said Goldman analysts including Jeffrey Currie in New York.

The U.S. is pumping oil at the fastest pace in more than three decades, helped by a shale boom that’s unlocked supplies from formations including the Eagle Ford in Texas and the Bakken in North Dakota. Prices slumped almost 50 percent last year as the Organization of Petroleum Exporting Countries resisted output cuts even amid a global surplus that Qatar estimates at 2 million barrels a day.

“To keep all capital sidelined and curtail investment in shale until the market has re-balanced, we believe prices need to stay lower for longer,” Goldman said in the report. “The search for a new equilibrium in oil markets continues.”more…

+Oil Holds Gains After Rebound Spurred by Drop in U.S. Stockpiles. Jan. 8th 2015
Oil was steady after an unexpected drop in U.S. stockpiles spurred the biggest gain in two weeks yesterday.

Futures climbed 0.5 percent in New York after rising 1.5 percent yesterday. U.S. crude stockpiles shrank by 3.06 million barrels to 382.4 million in the week ended Jan. 2, the Energy Information Administration said yesterday. A median increase of 700,000 barrels was projected in a Bloomberg survey. Credit Suisse Group AG cut its forecast for this year’s increase in U.S. crude output by 500,000 barrels a day.

“We were due for a minor correction upwards,” Michael Poulsen, an analyst at Global Risk Management Ltd. in Middelfart, Denmark, said by e-mail. “On an isolated basis, crude draws were mildly bullish. Intraday fluctuations of 3 percent seem to be the temporary new normal.”more…

+Global Crude Falls Below $50 as U.S. Supply Seen Adding to Glut. Jan. 7th 2015
Oil fell below $50 a barrel in London for the first time since May 2009 amid speculation that U.S. inventories will increase, exacerbating a global supply glut that’s driven prices to a five-year low.

Brent futures dropped as much as 2.3 percent for a fifth day of losses. Crude stockpiles in the world’s biggest consumer probably expanded by 700,000 barrels last week, a Bloomberg News survey showed before an Energy Information Administration report today. China, the second-largest oil user, won’t drive a market rebound in 2015 as its net imports will slow, according to Citigroup Inc.

Oil slumped by almost half last year, the most since the 2008 financial crisis, as the U.S. pumped the most crude in more than three decades and the Organization of Petroleum Exporting Countries resisted calls to cut output. The market’s oversupply may take “months or years” to be absorbed, United Arab Emirates Energy Minister Suhail Al Mazrouei said.

“It’s fallen below $50, wow,” Mark Keenan, the head of commodities research for Asia at Societe Generale SA in Singapore, said by phone today. “The fall continues. All in all, there are very few factors that would support the likelihood of a bounce from this level.”

Brent for February settlement slid as much as $1.18 to $49.92 a barrel on the London-based ICE Futures Europe exchange and was at $50.08 at 4:01 p.m. Singapore time. The contract decreased $2.01 to $51.10 yesterday, the lowest close since April 30, 2009. The European benchmark crude traded at a premium of $2.93 to West Texas Intermediate.more…

+Oil Gains on Speculation Libya Disruption May Ease Glut. Dec. 31st 2014
Oil climbed for the first time in four days on concern that production disruptions in Libya may pare a global surplus that’s driven crude to a five-year low.

Libyan output has fallen below 300,000 barrels a day, the lowest since May, after militants shifted attacks to energy facilities including the country’s largest oil export terminal, according to Energy Aspects Ltd. estimates. The U.S. Commerce Department said lease condensate “processed through a crude oil distillation tower” is a petroleum product, exempt from U.S. export restrictions.

Oil has slumped 45 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day. Saudi Arabia, which is steering the Organization of Petroleum Exporting Countries to resist cutting output, has said it’s confident that prices will rebound as economic growth boosts demand.

“The market is rebounding on the ongoing concerns about Libya,” said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. “It does seem that the U.S. export wall is coming down. It’s another reason to cover your shorts.”

WTI for February delivery rose 51 cents, or 1 percent, to $54.12 on the New York Mercantile Exchange after earlier falling as far as $52.70, the lowest since May 2009. The volume of all futures traded was about 37 percent below the 100-day average for the time of day.more…

+Oil Gains From 5-Year Low; Saudi Comments Add Volatility. Dec. 19th 2014
Crude prices rebounded from the lowest closing levels since May 2009 as comments from Saudi Arabia’s oil minister yesterday added to the most volatile market in three years.

West Texas Intermediate climbed as much as 3.5 percent in New York and Brent 2.9 percent in London. A measure of expected WTI futures movements and a gauge of options value was at the highest level since October 2011, data compiled by Bloomberg show.

While Ali Al-Naimi, Saudi Arabia’s oil minister, said yesterday that a slump in prices was temporary, he also said it would be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, the Saudi Press Agency reported. Prices rose immediately after his remarks, before ending the day at the lowest in five years. The nation accounted for about 13 percent of global oil output last year, BP Plc estimates.more…

+Oil Crash Exposes New Risks for U.S. Shale Drillers. Dec. 19th 2014
Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash.

At least six companies, including Pioneer Natural Resources Co. (PXD) and Noble Energy Inc. (NBL), used a strategy known as a three-way collar that doesn’t guarantee a minimum price if crude falls below a certain level, according to company filings. While three-ways can be cheaper than other hedges, they can leave drillers exposed to steep declines.

“Producers are inherently bullish,” said Mike Corley, the founder of Mercatus Energy Advisors, a Houston-based firm that advises companies on hedging strategies. “It’s just the nature of the business. You’re not going to go drill holes in the ground if you think prices are going down.”more…

+Oil Investors Keep Betting Wrong on When Market Will Bottom. Dec. 19th 2014
Investors betting on a rebound in oil prices are nothing if not tenacious.

They have poured the most money in more than four years into exchange-traded products that track oil as prices fell 18 percent this month. It’s the third consecutive month that the four biggest U.S. funds have received money, during which time futures have plunged 41 percent.

“It’s a testament that after such a wild selloff people are more and more eager to step in and wait for this eventual rebound,” said Stoyan Bojinov, a Chicago-based analyst at ETF Database. “Oil looked cheap a month ago and it’s even cheaper today, that’s why we continue to see these inflows.”

Oil prices have tumbled by half since June amid surging production and slower than expected demand growth. Output in the U.S. is the highest in three decades, and OPEC, responsible for about 40 percent of global supply, maintained its output target at a Nov. 27 meeting. The U.S. Energy Information Administration said last week that consumption around the world next year will be 390,000 barrels a day less in 2015 than it forecast in October. more…

+Oil Resumes Drop as Iran Sees $40 If There’s OPEC Discord. Dec. 10th 2014
Brent crude slumped, trading near a five-year low as an Iranian official predicted a further decline in prices if solidarity among OPEC members falters. West Texas Intermediate also sank.

Futures slid as much as 1.8 percent in London. Crude could fall to as low as $40 a barrel amid a price war or if divisions emerge in the Organization of Petroleum Exporting Countries, said an official at Iran’s oil ministry. The U.S. Energy Information Administration reduced its price forecasts for next year while also downgrading its production outlook for a second month. U.S. output is at a three-decade high.more…

+Oil Seen in New Era as OPEC Won’t Yield to U.S. Shale. Nov. 28th 2014
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.

The 12-nation Organization of Petroleum Exporting Countries kept its output target unchanged even after the steepest slump in oil prices since the global recession, prompting speculation it has abandoned its role as a swing producer. Yesterday’s decision in Vienna propelled futures to the lowest since 2010, a level that means some shale projects may lose money.

“We are entering a new era for oil prices, where the market itself will manage supply, no longer Saudi Arabia and OPEC,” said Mike Wittner, the head of oil research at Societe Generale SA in New York. “It’s huge. This is a signal that they’re throwing in the towel. The markets have changed for many years to come.” more…

+Keystone XL Timeline. Nov. 19th 2014
Senate Votes Against Keystone Pipeline After Six-Year Fight. more…
+Brent Drops as Investors Weigh OPEC Policy Amid Slowing Demand. Nov. 18th 2014
Brent crude fell for a second day as investors weighed the likelihood that OPEC will reduce output when it meets next week amid signs of weakening global demand. West Texas Intermediate was steady in New York.

Futures dropped as much as 0.6 percent in London. Venezuela, one of 12 members of the Organization of Petroleum Exporting Countries, met with Russia to discuss ways to support oil prices, said the foreign ministry in Caracas. A large production cut isn’t in OPEC’s interest because that will bolster an expansion in U.S. shale supply, according to Goldman Sachs Group Inc.

Oil has slumped into a bear market as the U.S. pumps at the fastest pace in more than three decades, fueling speculation that the market is oversupplied. Japan, the world’s third-biggest consumer, slid into a recession after its economy shrank in the third quarter. OPEC, responsible for about 40 percent of global supply, is scheduled to gather Nov. 27 in Vienna.

“More investors are now assuming that OPEC producers are unlikely to cut output,” Hong Sung Ki, an analyst at Samsung Futures Co. in Seoul, said by phone today. “There are still a lot of uncertainties. All eyes are on the OPEC meeting.”more…

+OPEC’s Kuwait Sees No Oil-Output Cut at November Meeting. Nov. 11th 2014
OPEC won’t cut its collective crude output when it meets this month in Vienna and global oil prices will stabilize once the surplus is absorbed by the market, Kuwait Oil Minister Ali Al-Omair said.

OPEC, which supplies about 40 percent of the world’s oil, meets Nov. 27 to debate supply. The 12-member Organization of Petroleum Exporting Countries, which has a production target of 30 million barrels a day, pumped 30.974 million barrels a day in October, according to data compiled by Bloomberg.

“I don’t think there will be any cut in the production,” Al-Omair said at a conference in Abu Dhabi in the United Arab Emirates. “We feel prices will settle down once surplus oil is absorbed.” more…

+Oil at $80 Is No Bar for BP, Total to Look for More Crude. Nov. 11th 2014
Oil at $80 a barrel won’t stop BP Plc (BP/) or Total SA (FP) from exploring and developing crude deposits.

Oil has dropped into a bear market this year, with prices falling almost 30 percent since June amid a global glut. OPEC won’t cut its collective output when it meets this month and global oil prices will stabilize once the surplus is absorbed, Kuwait Oil Minister Ali Al-Omair said at an oil conference in Abu Dhabi, the capital of United Arab Emirates, yesterday.

All projects under way now will go ahead with oil at $80 a barrel, London-based BP Chief Executive Officer Robert Dudley said at the conference. Total, based in Paris, can proceeed with its projects at $80, Arnaud Breuillac, president of exploration and production, also said in Abu Dhabi.

Brent crude, benchmark for more than half of the world’s oil, fell 0.5 percent today to $81.97 a barrel on ICE Futures Europe in London, extending this year’s retreat to 26 percent.

“We have only sanctioned or approved projects based on an $80 oil price,” Dudley said. “We’ve been doing that three or four years so there isn’t any project that we’re working on today, particularly those big capital projects, that we have any different view of.” more…

+OPEC Oil Basket Price Falls Below $80 to Least in 4 Years. Nov. 5th 2014
OPEC members’ average crude price fell below $80 for the first time in four years as Saudi Arabia and other members of the group supplying 40 percent of the world’s oil maintained output amid slowing demand growth.

The OPEC basket, the best measure of what the oil exporters earn per barrel, fell to $78.67 yesterday, the group said by e-mail today. That’s the lowest since October 22, 2010, according to data compiled by Bloomberg.

U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month. The largest producers in the Organization of Petroleum Exporting Countries reduced prices rather than cut output, with Saudi Arabia, Iraq and Iran offering the biggest discounts to buyers in Asia this month since at least 2009. The group will meet in Vienna on Nov. 27 to discuss whether to cut output to support prices.

“Saudi Arabia seems to have other aims than protecting the price,” Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said by e-mail. “The Saudis’ attitude might only change if the other members agree to contribute to a cut, the likelihood of which is slim at best.”more…

+U.S. Oil Falls to 3-Year Low on Saudi Price Cut. Nov. 4th 2014
West Texas Intermediate crude dropped to the lowest intraday level in three years as Saudi Arabia cut prices for crude exports to U.S. customers amid speculation that stockpiles increased. Brent extended losses in London.

Futures fell as much as 3.7 percent to $75.84 a barrel, the weakest since Oct. 4, 2011. Saudi Arabian Oil Co. reduced December differentials for all grades it ships to the U.S., while supplies to Asia and Europe were priced higher, according to an e-mailed statement yesterday. U.S. crude inventories climbed by 1.9 million barrels last week to a four-month high, a Bloomberg News survey shows before government data tomorrow.

Oil slid in October by the most since May 2012 as leading members of the Organization of Petroleum Exporting Countries resisted calls to cut output. Global supplies are rising, with the U.S. pumping at the fastest pace in more than three decades.

“Saudi Arabia isn’t inspiring the sentiment that they are trying to force customers to take less,” Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, said by e-mail. “The only solution seen by the market to reduce the oversupplied outlook is an OPEC cut led by Saudi Arabia.”more…

+Oil Sands Crude Seen Reaching Gulf Without Keystone XL. Nov. 3rd 2014
Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said.

Developers of Alberta’s oil sands can use trains to reach the world’s largest refining market or the Energy East conduit to Canada’s Atlantic coast that TransCanada Corp. (TRP) is also proposing, Prentice said in an Oct. 31 interview at Bloomberg’s Calgary office.

Awaiting a U.S. decision on Keystone XL since 2008, Calgary-based TransCanada applied with Canadian regulators last week to build Energy East, a 4,600-kilometer (2,859-mile) link from Alberta to tidewater in New Brunswick. The C$12 billion ($10.6 billion) pipeline would be North America’s largest crude conduit, carrying 1.1 million barrels of oil a day without crossing into the U.S.

“The debate about Keystone is not a debate about whether, under the free trade agreement, Canadian crude can make its way to the Gulf Coast,” Prentice said, adding that the additional cost to ship crude by tanker from Canada’s Atlantic Coast is marginal. “It’s actually not that far from New Brunswick.”more…

+End to Oil Collapse in Sight for BofA, BNP Paribas. Oct. 16th 2014
Some of the world’s biggest banks say the collapse in oil is just about over.

Bank of America Corp. and BNP Paribas SA predict prices will hold above $80 a barrel. Commerzbank AG also sees that level as a possible low for Brent crude. They’re in part counting on OPEC cutting output — some say as soon as next month — to compensate for recent declines in demand.

North Sea Brent, the benchmark for more than half the world’s oil, has slid by more than $30 a barrel from its June high to below $83 a barrel today amid a supply glut and slower global growth. Ministers from the 12-member Organization of Petroleum Exporting Countries will meet in Vienna on Nov. 27 to discuss production and price levels.

“We are almost at the floor,” Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas in London, said by phone yesterday. He estimates that Brent will be supported at $80 to $85 a barrel and could rebound to $95 by year-end. “It’s not in OPEC’s interest to see prices too low for too long a period.”more…

+WTI Crude Falls Below $80 for First Time Since June 2012Oct. 16th 2014
West Texas Intermediate crude fell below $80 a barrel for the first time since June 2012 amid speculation rising U.S. supplies are exacerbating a global glut. Brent fell to the lowest level in almost four years.

Futures slid as much as 2.4 percent in New York, declining for the seventh time in eight days. WTI’s losses have accelerated since it dropped below $100 a barrel in July. The contract plunged about 25 percent in the past three months. An American Petroleum Institute report yesterday showed that U.S. crude supplies surged more than 10 million barrels last week.

Prices have collapsed amid speculation that Saudi Arabia and other members of the Organization of Petroleum Exporting Countries will refrain from cuts needed to drain a surplus, according to Commerzbank AG.more…

+Oil Drop Hits Canadian Industry From Arcan to Talisman.Oct. 16th 2014
Talisman Energy Inc. (TLM) to Arcan Resources Ltd. (ARN) are among Canadian energy producers seen by analysts most vulnerable to energy prices sinking near a four-year low as they use debt to embark on new projects.

Companies turning to debt because they don’t have enough cash to fund drilling may have to cut back on expansion plans, analysts and investors said. The S&P/TSX Energy Index has slid 13 percent this month through yesterday and Brent crude has plummeted 27 percent from a June 19 high. Oil futures in New York fell below $80 a barrel today for the first time since June 2012.

“You’re in trouble unless you have the cash-flow base like the big guys,” said Sameer Uplenchwar, an analyst at Ghs Securities Canada Ltd. in Calgary. “New projects are more expensive than expanding existing ones.”more…

+Oil Demand Growth This Year Seen Weakest Since 2009. Oct. 14th 2014
Oil demand will expand at the slowest pace since 2009 this year as global economic growth weakens, the International Energy Agency said. The adviser to governments also cut its estimates for 2015.

Oil consumption will increase by about 650,000 barrels a day this year, the Paris-based agency said in its monthly market report today. The reduction of 250,000 barrels a day from a previous estimate is the fourth in a row and means growth will be about half what it anticipated in June. Crude prices have plunged to a four-year low amid a glut.

“The sell-off is putting a spotlight on weaker-than-expected demand as a leading factor behind the drops,” said the IEA, which advises 29 nations on energy policy. A “staggering” increase in supply has also weakened prices. more…

+Brent Falls Fifth Time in Six Days on Economy; WTI Drops. Oct. 7th 2014
Brent crude slid for the fifth time in six days on concern weaker economic growth will reduce demand. West Texas Intermediate fell before inventories data.

Futures extended losses after the U.S. Energy Information Administration cut its 2014 and 2015 crude price forecasts because of rising output and reduced demand. The International Monetary Fund cut its outlook for global growth in 2015. U.S. crude inventories expanded by 2 million barrels last week, a Bloomberg News survey showed before government data tomorrow.

“The dire economic condition is really worsening,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “The market is worried about the global economy and that’s where the selling pressure is from. The EIA’s been saying that production is kind of outpacing demand.”more…

+Brent Crude Heads for Bear Market on Ample Global Supply. Oct. 2nd 2014
Brent crude dropped, heading for a bear market, amid signs that global supplies are outstripping demand. West Texas Intermediate earlier fell below $90 for the first time in 17 months.

The European benchmark crude has fallen 20 percent from its peak in June. WTI slid as much as 2.8 percent to $88.18 a barrel in New York before paring losses. The market retreated yesterday after Saudi Arabia, the world’s largest oil exporter, cut its official selling price for to Asia to the lowest since 2008.

“It’s been slaughter the last few days,” Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York, said by phone. “Supply has been outpacing demand and that doesn’t appear to be changing anytime soon. We finally broke through $90 after yesterday’s move by the Saudis showed that they’re fighting for market share.”more…

+Worst Seen Over for Crude Prices as Saudis Cut Production. Oct. 1st 2014
The worst is over for global oil prices, according to UBS AG and Barclays Plc. After the biggest quarterly drop in more than two years, Brent is set to recover as Saudi Arabia cuts output and demand climbs, they said.

“Supply is the important thing and Saudi Arabia is in the process of rebalancing the market,” Giovanni Staunovo, an analyst at UBS in Zurich, said by e-mail yesterday. “The weakness in crude oil prices should come to an end.”more…

+WTI Narrows Discount to Brent as U.S. Economy Strengthens. Sept. 29th 2014
West Texas Intermediate crude narrowed its discount to Brent to the least in more than a year as U.S. economic growth outpaced that of Europe, bolstering demand for the American benchmark oil.

The spread between WTI and Brent shrank to $2.63 at today’s close, the smallest gap since Aug. 9. 2013. The U.S. economy expanded in the second quarter at the fastest rate since the fourth quarter of 2011, government data showed Sept. 26. The improving American outlook contrasts with Europe, where a gauge of economic confidence published today slipped to the lowest level since November.

“It’s a tale of two cities,” John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by phone. “The respective demand environments in the U.S. and Europe have diverged and that’s being reflected in the price.” more…

+WTI Crude Set for Biggest Loss in a Week With Brent. Sept. 29th 2014
West Texas Intermediate crude was headed for its biggest loss in a week as U.S. economic data bolstered the outlook for higher interest rates. Brent declined in London amid concern Chinese demand is slowing.

Futures dropped as much as 0.9 percent in New York and 0.8 percent in London. Both grades were heading for their biggest quarterly loss in more than two years. The dollar reached its highest level against the euro since November 2012, curbing the appeal of commodities, amid speculation the Federal Reserve will increase interest rates. Gauges of Chinese manufacturing are due tomorrow and on Oct. 1, and U.S. payrolls data will be released on Oct. 3.more…

+WTI Trades Near 16-Month Low Before Stockpile Data; Brent Steady. Sept. 24th 2014
West Texas Intermediate traded near the lowest price in more than 16 months before stockpile data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

Futures swung between gains and losses in New York, little changed from the close on Sept. 22. Crude stockpiles probably expanded by 750,000 barrels last week to 363 million, according to a Bloomberg News survey before an Energy Information Administration report today. Saudi Arabia and Qatar are among countries that joined the first wave of U.S.-led air strikes in Syria against Islamic State.

“We’re still seeing more supply,” Jonathan Barratt, the Sydney-based chief investment officer at Ayers Alliance Securities, said by phone today. “The market is starting to discount a lot of what’s happening in the Middle East.” more…

+With oil under $100, China trader books world's largest ship to store crude. Sept. 9th 2014
LONDON (Reuters) – A Chinese trading firm has booked the world’s largest super-tanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below $100 a barrel.

Industry sources said Chinese firm Unipec, the marketing arm of Beijing-backed oil giant Sinopec, has booked the 3.2-million-barrel TI Europe, one of just a handful of Ultra Large Crude Carriers (ULCC) still in service. It is listed as the world’s largest ocean-going vessel by tonnage, and is as long as the Empire State building is tall at 380 metres. more…

+Drillers Piling Up More Debt Than Oil Hunting Fortunes in Shale. Sept. 8th 2014
Floyd Wilson raps his fingertips against the polished conference table. He’s just been asked, for a second time, how he reacted when his Halcon Resources Corp. (HK) wrote off $1.2 billion last year after disappointing results in two key prospects.

Wilson once told investors that the acreage might contain the equivalent of 1.2 billion barrels of oil. He fixes his interlocutor with a blue-eyed stare and leans forward. At 67, he bench-presses 250 pounds (110 kilograms) and looks it. Outside the expansive windows of his 67th-floor executive suite, downtown Houston steams in its July smog.

He responds, unsmiling, with a one-syllable obscenity: “F—.”more…

+Brent Crude Falls Below $100 for First Time in 14 Months. Sept. 8th 2014
Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs that global markets are comfortably supplied. West Texas Intermediate dropped to the lowest in almost eight months.

The global benchmark slipped as much as $1.06, or 1.1 percent, in London to $99.76 a barrel in London. The last time it traded below $100 was June 24, 2013. China’s purchases declined 2.4 percent in August, compared with a 1.6 percent drop in July, data from the Beijing-based customs administration show. Chinese exports rose by 9.4 percent. more…

+WTI Declines as Crude Stockpiles Expand at Cushing; Brent Steady. Aug 28th 2014
West Texas Intermediate fell for the first time in three days as crude stockpiles increased at the biggest U.S. oil-storage hub. Brent was steady in London.

Futures dropped as much as 0.4 percent in New York. Supplies at Cushing, Oklahoma, the delivery point for WTI contracts, expanded by 508,000 barrels to 20.7 million last week, the Energy Information Administration reported yesterday. That’s the highest level since July. Libya may boost production to 1 million barrels a day by the end of the September, according to state-run National Oil Corp.

“It looks like we’ve removed almost all of the risk premium associated with geopolitical problems, and we’re now returning to a more normal examination of supply and demand,” Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone. The EIA data showed “we might be looking at a period of stability.”more…

+WTI Rises as Crude Supplies Seen Falling a Second Week. Aug 26th 2014
West Texas Intermediate oil rose from a seven-month low amid speculation a government report will show U.S. crude supplies dropped a second week. Brent advanced in London.

Crude supplies probably fell 2.5 million barrels last week, according to a Bloomberg survey before tomorrow’s Energy Information Administration report. Orders for U.S. durable goods jumped in July by the most on record, the Commerce Department reported. Russian President Vladimir Putin began talks with his Ukrainian counterpart, Petro Poroshenko, as tensions flared on the two nations’ border.

“The market is up on expectations supplies will stay tight,” Phil Flynn, a senior market analyst at Price Futures Group in Chicago, said by phone. “The economic data is giving us some support. The durable goods number increases demand expectations.”more…

+Brent Extends Drop as Mideast Oil Supply Stays Safe; WTI Steady. Aug 25th 2014
Brent fell for a second day amid speculation that turmoil across the Middle East won’t threaten crude supplies. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading.

Futures dropped as much as 0.6 percent in London. Libya’s production increased even as Islamist militias seized Tripoli’s international airport, while supply from Iraq remained uninterrupted by its struggle to form a new government. CME Group Inc., the world’s largest futures market, halted most of its Globex platform for about four hours, suspending contracts including oil and commodities. more…

+Brent Trades Near 9-Month Low After U.S. Iraq Strike. Aug 11th 2014
Brent crude traded near its lowest level in nine months amid speculation that U.S. air strikes in Iraq diminished the threat to oil supplies posed by insurgents. West Texas Intermediate was little changed.

Futures lost as much as 0.3 percent in London. U.S. jets and drone aircraft hit Islamic State fighters in multiple attacks intended to protect American personnel and prevent a massacre of ethnic and religious minorities in northern Iraq. Iraqi Prime Minister Nouri al-Maliki deployed troops and tanks on the streets of Baghdad as he resists U.S. President Barack Obama’s push for a more inclusive government. more…

+WTI Trades Near 4-Month Low as Fuel Supplies Expand. Aug 1st 2014
West Texas Intermediate headed for its biggest weekly decline since January amid signs of weaker fuel demand in the U.S., the world’s biggest oil consumer. Its discount to Brent crude widened to the most in five weeks.

Futures traded in New York declined 4.4 percent this week as the dollar strengthened before data on U.S. employment today. The nation’s gasoline inventories rose to the highest level in four months last week as demand fell and crude output advanced to the highest since 1986 in early July, government data show. Brent is poised for a weekly decline amid speculation that energy supplies from Russia will be unaffected by further sanctions over Ukraine.”more…

+U.K. Opens Bidding for New Round of Shale Gas Exploration. July 28th 2014
The U.K. will begin the bidding process today for the next set of onshore oil and gas exploration licenses, including shale gas, which is considered a cheaper and more secure energy source.

Details will be set out by the Department of Energy and Climate Change. About half the U.K. will be open for bids, yet the areas considered to be shale gas prospects are smaller, and are already around half-covered by licenses.

“Shale gas in Britain has the potential to provide us with greater energy security, jobs and growth,” Business and Energy Minister Matt Hancock said in an e-mailed statement. “We must act carefully, minimizing risks, to explore how much of our large resource can be recovered to give the U.K. a new home-grown source of energy.”more…

+Brent Gains on Russia Tension as WTI Trades Near $102. July 25th 2014
Brent oil climbed to a two-week high, widening its premium to West Texas Intermediate, as the intensifying conflict in eastern Ukraine raised tension between Russia and the West.

Russia, the world’s biggest energy exporter, disputed U.S. accusations that it supplied anti-aircraft weapons to rebels in neighboring Ukraine. President Barack Obama said he expects the downing of the Malaysian Air (MAS) jet in Ukraine to push European countries to enact tougher sanctions against Russia. WTI ended the week down 1 percent on speculation that rising U.S. fuel supplies will prompt refineries to use less crude.more…

+Oil Set for First Weekly Gain in Four on Ukraine, Gaza. July 18th 2014
West Texas Intermediate and Brent crude headed for the first weekly gain in a month after a Malaysian Air passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip.

WTI futures rose as much as 0.7 percent in New York, extending a 2 percent increase yesterday that was the biggest gain since June 12. The Boeing Co. 777 crashed en route to Kuala Lumpur from Amsterdam in the main battleground of Ukraine’s civil war, threatening to escalate the worst crisis between the West and Russia since the end of the Cold War. Israel’s movement of troops and tanks into the coastal enclave marks the first significant ground operation in Gaza since 2009.more…

+WTI, Brent Set for Third Weekly Drop as Supply Risks Ease. July 11th 2014
West Texas Intermediate and Brent headed for their third weekly drop as supply risks eased in Libya and Iraq while U.S. crude inventories expanded.

Futures slid as much as 0.5 percent in New York and are poised for the longest run of weekly declines since November. Libya’s supply gained as the Sharara field resumed production and two oil-export terminals reopened. Crude stockpiles at Cushing, Oklahoma, rose the most since January, the Energy Information Administration reported on July 9. Fighting in Iraq, the second-largest OPEC member, hasn’t spread to the country’s south, home to three-quarters of its output. more…

+U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia. July 7th 2014
The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said.

U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids. more…

+Brent Oil Heads for Biggest Weekly Loss Since January. July 4th 2014
Brent crude headed for its biggest weekly decline in six months as Libya prepared to resume exports from two terminals and Iraq’s crude production remained unaffected by violence. West Texas Intermediate was set for a second weekly drop.

Brent and WTI futures were little changed today. Libya will start shipping crude from Es Sider and Ras Lanuf at full capacity after taking back control of the ports from rebels, according to National Oil Corp. Fighting in Iraq hasn’t spread to the south, home to more than three-quarters of its output. Hurricane Arthur made landfall on the U.S. East Coast, the first to do so since 2012. more…

+WTI Oil Gains for First Day in Four on Forecast U.S. Supply Drop. July 1st 2014
West Texas Intermediate oil rose for the first time in four days on speculation that a government report tomorrow will show that U.S. crude inventories dropped last week. Brent traded near $112 a barrel.

Crude supplies probably fell by 2.5 million barrels, the fourth decline in five weeks, according to the median of nine replies in a Bloomberg survey. Stockpiles at Cushing, Oklahoma, the delivery point for WTI, fell to the lowest level in more than five years last month, Energy Information Administration data show. Prices surged to nine-month highs in June as violence flared in Iraq, OPEC’s second-biggest oil producer. more…

+WTI Rises on Signs of Easing U.S. Oil Export Rules; Brent Drops. June 25th 2014
West Texas Intermediate crude rose for the first time in three days amid signs the Obama administration is easing restrictions on the export of ultra-light U.S. oil. Brent fell in London.

Futures gained as much as 1.4 percent in New York. The Commerce Department has granted Pioneer Natural Resources Co.’s request to classify stabilized condensates as petroleum products eligible for export, the company said. That widens the definition of what kinds of oil can be shipped abroad, said Robert Dillon, a spokesman for the U.S. Senate Energy and Natural Resources Committee. more…

+Russian $8.2 Trillion Oil Trove Locked Without U.S. Tech. June 17th 2014
Even as the decision to stop gas supplies to Ukraine aggravates tensions with the U.S. and Europe, Russia faces a dilemma: it still needs Exxon Mobil Corp. (XOM), Halliburton Co. (HAL) and BP Plc (BP/) to maintain output from Soviet-era oil fields and develop Arctic and shale reserves.

Russia will require Western companies to provide the modern drilling and production gear — and techniques such as hydraulic fracturing — that are essential to unlocking its $8.2 trillion worth of barrels still underground, more…

+Brent Drops as Iraqi Forces Slow Insurgent Advance. June 17th 2014
Brent crude fell for a second day on signs violence in Iraq may not affect the nation’s oil supply. West Texas Intermediate dropped amid speculation that gains to a nine-month high last week were excessive.

Futures slid as much as 0.7 percent in London. Kurdish troops are defending Kirkuk, Iraq’s fourth-biggest oilfield, against Islamist militants after deploying outside their semi-autonomous region in the country’s north. Exports from Iraq’s Basrah oil terminal on the Persian Gulf are set to climb in July, preliminary cargo data compiled by Bloomberg show. The nation’s output hasn’t been hurt by the escalation, the International Energy Agency said today, more…

+Oil Rallies as Extremist Advance in Iraq Threatens Crude. June 13th 2014
West Texas Intermediate crude headed for the biggest weekly advance since December and Brent gained as escalating violence in Iraq threatened supplies from OPEC’s second-largest oil producer.

Futures rose as much as 1.1 percent in New York, extending a 2 percent rally yesterday, the most in two months. Iraqi Oil Minister Abdul Kareem al-Luaibi speculated that U.S. planes may bomb his nation’s north as militants linked to al-Qaeda, who captured the city of Mosul this week, moved south toward Baghdad, more…

+WTI Trades Near 3-Month High on Supplies as Brent Gains. June 11th 2014
West Texas Intermediate traded near the highest level in three months amid concern that Iraqi unrest may threaten oil supply. Brent rose in London as OPEC ministers meet in Vienna.

Futures rose as much as 0.4 percent in New York as fighters from a breakaway al-Qaeda group took control of the city of Mosul and there were conflicting reports about the situation in Baiji, home to the Iraq’s biggest refinery, more…

+WTI Rises for Third Day as Supplies Seen Shrinking; Brent Steady. June 10th 2014
West Texas Intermediate advanced for a third day amid speculation that crude inventories declined for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.

Futures rose as much as 0.5 percent in New York. Crude stockpiles probably fell by 1.5 million barrels in the week ended June 6, according to a Bloomberg News survey before data from the Energy Information Administration tomorrow, more…

+Oil extends gains above $102 a barrel on demand outlook, lingering Ukraine jitters. May 19th 2014
The price of oil extended gains above $102 a barrel Monday on forecasts of higher global demand.

Benchmark U.S. crude for June delivery was up 16 cents to $102.18 a barrel at 0620 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents Friday to close at $102.02 and gained about 2 percent for the week, more…

+Oil below $102 after US output hits 28-year high. May 16th 2014
The price of oil fell below $102 a barrel Thursday after official figures showed U.S. crude production at a 28-year high and stockpiles rising again, more…
+Brent Oil Rises First Time in Three Days on Ukraine. May 2nd 2014
Brent crude rose for the first time in three days on concern that escalating tensions in Ukraine may disrupt global supplies. WTI also gained after U.S. employers boosted payrolls by the most in two years, more…
+How the Russia-Ukraine spat is impacting oil forecasts. April 11th 2014
The fallout from the diplomatic dispute between Russia and neighboring Ukraine will continue to affect the oil price for months, according to the International Energy Agency, more…
+WTI Drops for Second Day on China’s Economy; Brent Falls. April 1st 2014
West Texas Intermediate fell for a second day amid estimates that U.S. crude supplies expanded for an 11th week. Brent slipped as maintenance at a North Sea export terminal and Chinese economic data spurred speculation Asian demand will slide, more…
+Brent crude oil trading range in 2013 was narrowest since 2006
In 2013, North Sea Brent crude oil, the most important global benchmark for waterborne light sweet crude, traded in the narrowest price range since 2006 and exhibited the lowest magnitude of daily price movements in more than 10 years. The minimum closing price for 2013 was $97.69 per barrel (bbl) on April 17, and the maximum closing price was $118.90/bbl on February 8, representing a trading range of $21.21 for the year, more…
+Dream of U.S. Oil Independence Slams Against Shale Costs
The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems, more…