News Topics: Commodity Prices

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Oil Dips After Hitting $50/bbl as Glut Worries Resurface
Thursday, May 26, 2016 Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.

Oil Ends Session Up; Misses $50-target Amid Profit-taking
Wednesday, May 25, 2016 Oil prices rose about 2 percent on Wednesday after the US government reported a larger-than-expected drop in crude inventories, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for.

Report: Slow, Steady Recovery More Likely Than Rapid Rebound
Wednesday, May 25, 2016 A slow, steady recovery in oil prices is more likely than a rapid rebound, according to a global oil and gas industry survey from international law firm Ashurst.

Oil Ends Up on US Crude Drawdown Hopes, Wall Street Rally
Tuesday, May 24, 2016 Oil prices rose on Tuesday as investors anticipated a weekly drawdown in US crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support.

Oil Down Modestly For 4th Day; Cushing Draw Limits Loss
Monday, May 23, 2016 Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks.

Oil Slips; Pressured by Strong Dollar, Stubborn Glut
Friday, May 20, 2016 Oil prices slipped on Friday as a stronger dollar encouraged investors to cash in on a second week of gains and the market stayed focused on whether unplanned supply outages were reducing a stubborn global glut.

Oil Steadies; Canadian, Nigerian Supply Issues Offset Strong Dollar
Thursday, May 19, 2016 Oil prices settled largely unchanged on Thursday as worries about Canadian and Nigerian supply outages offset the impact of a stronger dollar, which has rallied on growing expectations the Federal Reserve will raise interest rates next month.

Oil Falls as Fed Rate Hike Speculation Sends Dollar Surging
Wednesday, May 18, 2016 Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signaled it could raise interest rates next month.

US Crude Prices Hits 7-month High as Inventory Drop Seen
Tuesday, May 17, 2016 Oil prices rose for a second straight day on Tuesday, with US futures hitting seven-month highs, on expectations of a drawdown in US crude stockpiles and a new wildfire threat on Canadian oil supplies.

Oil Hits 6-month Highs on Supply Outages, Goldman Forecast
Monday, May 16, 2016 Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the US storage hub for crude futures limited gains.

Oil Slips on Stronger Dollar; Gains on the Week on Supply Outages
Friday, May 13, 2016 Oil slips on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.

Oil Up 1% After Swing on Mixed Data; US Crude at November Highs
Thursday, May 12, 2016 Oil prices rose 1 percent in volatile trade on Thursday, with US crude hitting six-month highs as investors weighed a forecast for tighter global supplies against signs of another storage build at the hub for US crude futures.

Oil Jumps on First US Drawdown Since March; Brent Up 4%
Wednesday, May 11, 2016 Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the US government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.

Oil Jumps; Canada, Nigeria Outages Bolster Prices
Tuesday, May 10, 2016 Brent jumped more than 4 percent on Tuesday while US crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record US crude inventories would not swell by as much as they have in recent weeks.

Oil Slides; Focus Turns from Canada Fire to US Stockpiles
Monday, May 09, 2016 Oil prices tumble on expectations that US crude inventories would again build to record highs, taking the market's focus off swooning Canadian oil output due to raging wildfires.

Oil Pares Weekly Drop as Wildfire Disruptions Battle Oversupply
Friday, May 06, 2016 Oil pared its first weekly decline in more than a month as oil-sands disruptions in Canada and lower US output offset rising stockpiles and OPEC production.

Oil Up as Fire Curbs Canada Output; Higher Dollar, Stockpiles Cap Gains
Thursday, May 05, 2016 Oil prices surge after a raging wildfire near Canada's oil sands region curbed output that mainly flows to the United States, before settling off their highs as a rebounding dollar and a huge US stockpile build cut into gains.

Oil Turns Lower After Bigger-than-forecast US Crude Build
Wednesday, May 04, 2016 A bigger-than-expected build in US crude inventories to fresh record highs pushes oil markets lower after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.

Oil Down 2nd Straight Day, Rising Output Reignites Glut Worry
Tuesday, May 03, 2016 Oil prices fall for a second day, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the US dollar rebounded and equity markets weakened.

Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.

Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.

Oil Jumps 2% Despite Glut, Hits 2016 Peaks On Weak Dollar
Thursday, April 28, 2016 Oil markets jump 2 percent, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high US crude inventories and relentless pumping by major producers.

Oil Jumps To 2016 Highs As Dollar Drops On Fed Decision
Wednesday, April 27, 2016 Oil prices jump about 3%, hitting new highs for 2016 as the dollar weakens after the Federal Reserve announces it would leave US interest rates unchanged.

Crude Prices Jump 3% On Gasoline Rally, Weak Dollar
Tuesday, April 26, 2016 Crude oil prices rise about 3% on the back of a rally in the gasoline market.

Oil Down; Morgan Stanley, Barclays Warn Of Bearish Forces
Monday, April 25, 2016 Oil prices fall more than 2% as data points to fresh US crude builds, while leading banks in commodities say the two-month long oil market rebound has defied fundamentals.

Oil Up, Marking Third Week Of Gains As Market Sentiment Improves
Friday, April 22, 2016 Oil prices rise foe the third straight week of gains as market sentiment turns more upbeat amid signs a persistent global supply glut may be easing.

Oil Down 3%; Producers Hint Of More Output Add To Glut Worry
Thursday, April 21, 2016 Oil prices fall 3%, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing US crude stockpiles.

Oil Up 4% On Small US Crude Build, Talk Of Another Producer Meeting
Wednesday, April 20, 2016 Oil prices rise 4% after a smaller-than-expected build in US crude inventories offset glut worries stirred by the end of a Kuwaiti strike.

Oil Gains On Kuwait Strike; Global Shares Highest Since December
Tuesday, April 19, 2016 Oil prices rise following a workers' strike in Kuwait, while a global stock index hit its highest level since early December as signs of economic stabilization in China lift demand for riskier assets.

Oil Down, But Kuwait Strike Offsets Failed Output Freeze
Monday, April 18, 2016 Oil prices slide after plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike helped the market pare losses and settle off the day's lows.

Oil Down Ahead of Producer Meeting, Dollar Slips
Friday, April 15, 2016 Crude oil prices fall Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but posted weekly gains.

Oil Eases Amid Growing Concerns Ahead Of Doha Meeting
Thursday, April 14, 2016 Oil markets closes lower after a choppy session as the market processes a mixed report from the IEA.

Oil Prices Fall As Concerns Over Doha 'Freeze' Meeting Grow
Wednesday, April 13, 2016 Oil futures fall from fresh 4-month highs in choppy trading.

Brent Hits 4-Month High On Reports Of Oil Output Freeze Deal
Tuesday, April 12, 2016 Global oil prices hit 4-month highs, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting.

Oil Hits Four-Month High On Commodities Rally, Doha Meeting Hopes
Monday, April 11, 2016 Brent crude prices touch a 4-month high in a rally fueled by strong markets across commodities, ahead of a meeting of oil producers in Doha.

UPDATE: Oil Prices Jump 6 Pct on U.S. Stockpile Draws, Keystone
Friday, April 08, 2016 Oil prices rose more than 6 percent on to end with the biggest weekly gain in a month as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years.

Oil Slips On Modest Keystone Impact; More Volatility Seen
Thursday, April 07, 2016 Oil settles lower after data shows higher weekly inventories at the US crude storage base despite a pipeline outage.

Goldman Says Oil at $35 Is 'Goldilocks' Ideal for US Explorers
Thursday, April 07, 2016 Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs Group Inc.

Oil Prices Jump 5% After Surprise US Crude Stockpile Draw
Wednesday, April 06, 2016 Oil prices rise 5%, their biggest advance in three weeks, after the US government reported a surprise draw in domestic crude stockpiles versus market expectations for a new record high.

Oil Edges Up After Kuwait Talks Up Output Freeze Plan
Tuesday, April 05, 2016 Oil prices edge higher after Kuwait's insistence that major producers will agree to freeze output this month even as Iran balks at the plan.

Oil Down Over 2%; More Doubt Producer Output Freeze
Monday, April 04, 2016 Oil prices fall more than 2%, with Brent touching one-month lows, as investors doubt that producing countries will freeze output to rein in a worldwide glut.

The Rigzone Interview: TPH Chief Tudor Says Oil Price Already Hit Floor
Monday, April 04, 2016 TPH Chief Bobby Tudor reflects on how the industry will emerge from current downturn.

Saudi to Join Oil Output Freeze Only if Iran Joins
Friday, April 01, 2016 Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so.

Oil Tumbles 4%; Saudi Arabia Cold On Output Freeze
Friday, April 01, 2016 Oil tumbles about 4%, after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so and data showed the global crude glut was likely to grow.

Oil Posts Best Quarter Since Mid-2015 But Glut Still Worries
Thursday, March 31, 2016 Oil prices jump more than 10% in March in the best quarter since mid-2015.

Oil Settles Flat, Far Off Day's Highs; US Build Weighs
Wednesday, March 30, 2016 Oil prices settle steady, erasing most of the day's gains, after US government data showed crude inventories at all-time peaks again despite strong refinery runs.

Oil Prices Lower, Yellen Comments Fail To Sustain Rebound
Tuesday, March 29, 2016 Oil prices fall about 3%, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply.


 
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Brent Crude Oil : $49.59/BBL 0.30%
Light Crude Oil : $49.48/BBL 0.16%
Natural Gas : $1.96/MMBtu 1.50%
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