News Topics: Commodity Prices

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Oil Sinks As OPEC Deal Seen Unlikely; Stocks Dip
Friday, September 23, 2016 Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.

Oil Rises More On U.S. Crude Draw, Pares Gains On OPEC Doubt
Thursday, September 22, 2016 Oil prices rally again, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut.

Oil Rises on Positive Inventory Data, Weaker Dollar
Wednesday, September 21, 2016 Oil markets were anticipating fairly robust inventory drawdowns after the API released its estimates for the week ending Sept. 16.

US Crude Up On Demand Hopes; Brent Down On OPEC Deal Skepticism
Tuesday, September 20, 2016 US oil prices edged up on hopes the planned restart of country's main gasoline pipeline after a leak more than a week ago will boost demand.

Oil Up But Off Highs On Output Freeze Talk, Gasoline Tumbles
Monday, September 19, 2016 Oil rallied before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze.

Oil Hits Multi-Week Lows On Glut Worry; Gasoline Surges
Friday, September 16, 2016 Crude oil prices fall 2% to multi-week lows as swelling Iranian exports reinforced fears of a global glut, while gasoline rallied on refinery and pipeline outages.

Crude Rises On Wall St Rally, Gasoline Spike Amid Pipeline Outage
Thursday, September 15, 2016 Oil prices rise about 1% or more after tracking a rally in gasoline futures.

Oil Falls On Larger Than Expected Builds, Strengthening Supply Picture
Wednesday, September 14, 2016 After IEA reports, oil markets continue to reflect a more dour outlook.

Oil Tumbles 3% After Both IEA, OPEC See Glut Persisting
Tuesday, September 13, 2016 Oil prices settle down as much as 3% after forecasts from OPEC and a leading energy market body focused on consumers indicated a global crude supply glut could persist into next year.

Oil Tumbles 3% After Both IEA, OPEC See Glut Persisting
Tuesday, September 13, 2016 Oil prices settle down as much as 3% after forecasts from OPEC and a leading energy market body focused on consumers indicated a global crude supply glut could persist into next year.

Crude Oil Climbs as US Equities Advance, Dollar Retreats
Monday, September 12, 2016 Oil advanced as US stocks rebounded from the biggest rout since June and as the dollar retreated against its peers.

Oil Falls 4%; US Crude Draw Seen As Glitch
Friday, September 09, 2016 Oil prices fall 4%, paring most of the previous session's rise.

Oil Soars, Brent Hits $50/Bbl As US Gulf Imports Hit Record Low
Thursday, September 08, 2016 Oil prices surge over 4%, with Brent briefly touching $50 a barrel for the first time in two weeks.

Oil Up Nearly 2% On Possible Production Freeze, Inventory Data Eyed
Wednesday, September 07, 2016 US crude prices soar nearly 3% in post settlement trading after US inventory data shows what might be the largest weekly stock draw in over three decades.

Brent Crude Futures Ease As Hope For Output Freeze Fades
Tuesday, September 06, 2016 Global benchmark Brent crude falls almost 1% as hopes waned for an agreement between two of the biggest oil producers to freeze output.

Oil Jumps amid Talk of Producer Action to Support Prices
Monday, September 05, 2016 Speculation that major producers could cooperate to tackle weak prices causes crude oil futures to rise sharply.

Oil Up 3% As US Jobs Data Hits Dollar; Tumbles On Week
Friday, September 02, 2016 Oil settles up nearly 3% after a weak US jobs report hurt the dollar and boosted commodities.

Oil Slides On Glut Worry, On Track For Biggest Weekly Drop Since Jan
Thursday, September 01, 2016 Oil prices fall more than 3%, heading for their sharpest weekly slide since January.

Oil Falls on Fundamentals; Freeze Talk Uplift Losing Steam
Wednesday, August 31, 2016 Both US and global crude benchmarks fell immediately following the EIA's Weekly Petroleum Status Report.

Oil Falls On Strong Dollar, Crude Glut; Storms Limit Losses
Tuesday, August 30, 2016 Oil prices fall, with Brent losing nearly 2%.

Oil Down 1%, Pressured By Glut, Dollar, Nigeria Outlook
Monday, August 29, 2016 Oil prices settle down more than 1%, snapping two consecutive days of gains.

Oil Steady In Volatile Session, Down 2% For The Week
Friday, August 26, 2016 Oil prices were largely unchanged in a volatile session.

Oil Up On US-Iran Scare, Dollar; Saudi Output Stance Cuts Gains
Thursday, August 25, 2016 Oil prices rise 1% on US-Iran military tensions in the Gulf and speculation the dollar will fall.

Oil Prices Fall off Larger than Expected Rise in Crude Inventories
Wednesday, August 24, 2016 Oil prices fall immediately following the release of the EIA's Weekly Petroleum Status Report.

Oil Up On Iran Talk; Stockpile Build Cited By API Surprises
Tuesday, August 23, 2016 Oil prices rise after Reuters reports Iran was sending positive signals that it may support joint OPEC action to prop up the market.

Oil Down 3 Pct as Rally Snaps on Rising Crude, China Fuel Exports
Monday, August 22, 2016 Oil settles down more than 3 percent, retreating from last week's two-month highs, on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count.

Oil Posts Strong Weekly Gains; Analysts Say Rally Unjustified
Friday, August 19, 2016 Oil prices settled steady to higher, with US crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks.

Oil Rises; Brent Over $50/bbl On OPEC Freeze Talk, Weaker Dollar
Thursday, August 18, 2016 Oil prices rise for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks.

Oil Prices Rise Modestly off Lower Inventory Numbers
Wednesday, August 17, 2016 Oil prices rose immediately following the release of the EIA's Weekly Petroleum Status Report.

Oil At 5-Week High As OPEC Sources, Russia, Talk Of Cooperation
Tuesday, August 16, 2016 Oil settles up nearly 2%, hitting five-week highs for a second straight day.

Oil Extends Rally To 5-Week Highs On Talk Of Producer Action
Monday, August 15, 2016 Oil prices hit five-week highs, gaining 10% or more in a three-day rally.

Oil Up 2% On Short Covering, Hope For Producer Action
Friday, August 12, 2016 Oil rose about 2%, clinching its biggest weekly gains since April.

Oil Surges 4%, Helping Wall St Hit Record Peaks
Thursday, August 11, 2016 Stocks in the United States and Europe raced higher helped by encouraging corporate reports and a 4% surge in oil prices.

Oil Prices Fall Despite Large Drawdown in Gasoline Inventories
Wednesday, August 10, 2016 Despite a larger than expected draw in gasoline stocks, oil prices fell after the release of an EIA Weekly Petroleum Status Report.

Oil Down 1% As Global Glut Offsets US Crude Draw Forecast
Tuesday, August 09, 2016 Oil futures settle 1% lower as worries about a stubborn global petroleum glut offset forecasts for a weekly drop in US crude inventories.

Oil Jumps On OPEC Hopes; Dollar Firms Vs Yen
Monday, August 08, 2016 The US dollar rallies against the yen amid firming bets for a US interest rate hike late this year.

Crude Prices to Edge Up in Near Future
Monday, August 08, 2016 Crude oil prices will shift higher in the near future, says energy advisory firm FirstEnergy Capital, after dropping from over $50 per barrel in June to $42.34 per barrel at the time of writing.

Oil Down Modestly; Late Short-Covering Limits Dollar Impact
Friday, August 05, 2016 Crude oil prices end little changed as short-covering returned in late trading.

Oil Jumps 3% As Short-Covering Pushes US Crude Firmly Over $40
Thursday, August 04, 2016 Oil prices rise nearly 3%, with US crude advancing firmly above the $40-per-barrel mark.

Oil Prices Gain on Surprisingly Large Decrease to Gasoline Inventories
Wednesday, August 03, 2016 After US crude settled below the $40 per barrel level Tuesday (the first time since April 2016), oil prices gained lost ground Wednesday off the back of better than expected gasoline inventory data from the EIA.

Oil Falls, US Crude Ends Below $40 On Nagging Glut Worry
Tuesday, August 02, 2016 Oil prices fall again, erasing early gains and dragging US crude below $40 a barrel.

US Crude Breaks Below $40 as Oil Ends Down 4% on Glut
Monday, August 01, 2016 US crude tumbled below $40 per barrel on Monday for the first time since April, as oil prices settled down nearly 4 percent on heightened worries of a crude glut despite peak summer fuel demand.

Oil Ends July with Worst Monthly Loss for WTI in a Year
Friday, July 29, 2016 Oil prices steadied after touching three-month lows amid a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persistent glut.

Oil Falls to Three-Month Low After Surprise US Stockpile Gain
Thursday, July 28, 2016 Oil fell to a three-month low, edging closer to a bear market, after US crude supplies unexpectedly rose from what was already the highest seasonal level in at least two decades.


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Brent Crude Oil : $45.89/BBL 3.69%
Light Crude Oil : $44.48/BBL 3.97%
Natural Gas : $2.96/MMBtu 1.00%
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