News Topics: Commodity Prices

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Oil Falls in Volatile Trade Ahead of Key Oil Producer Meeting
Friday, February 05, 2016 Oil prices end the week lower in choppy trading, snapping two weeks of gains, as speculation about possible deal between top oil producers clash with concerns about a growing supply glut.

Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Obama Says US Should Take Advantage of Cheap Fuel With Oil Tax
Friday, February 05, 2016 President Obama defends his proposal for a $10-per-barrel tax on oil, says low gasoline prices provide an opportunity to finance transportation improvements.

Crude Falls as Global Oil Supply Glut Outweighs Dollar Weakness
Thursday, February 04, 2016 Oil retreats as highest US crude supplies in more than 80 years outweigh the weakening US dollar.

Oil Tycoon Pickens Cashes Out on Oil, Awaits Time to Get Back
Thursday, February 04, 2016 Oil tycoon T. Boone Pickens, who made and lost fortunes targeting some of the largest U.S. crude explorers over the past 40 years, cashes out.

Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.

Aramco Cuts Oil Pricing to Asia With Iran Set to Boost Exports
Thursday, February 04, 2016 Saudi Arabia lowers March pricing for Asian oil customers, showing no sign of letting up on its campaign to keep market share.

Oil Industry Keeps Champagne Flowing Despite Price Slump
Thursday, February 04, 2016 Despite the battering taken by oil prices in Azerbaijan and Algeria, their NOCs plan lavish hospitality for annual parties and networking.

Despite Extremely Bearish EIA Data, Oil Markets Gain on Weaker Dollar
Wednesday, February 03, 2016 A weaker dollar and relatively positive Chinese economic data lift prices.

Abu Dhabi to Take Billions From ADIA for Debt, Fitch Says
Wednesday, February 03, 2016 Abu Dhabi Investment Authority's assets expected to shrink by billions of dollars as the emirate reacts to deficit from low oil prices, Fitch says.

Commodity Bull Cycle Seen Rising From Ashes as Oil Bottoming
Wednesday, February 03, 2016 Europe's largest publicly traded asset manager says the oil price could rally as high as $50 a barrel in a few months.

Macquarie Cuts Its Profit Forecast for Commodities Business
Wednesday, February 03, 2016 Macquarie cuts full-year forecast as falling oil prices and a selloff in US credit markets take a toll on client activity.

Six Oil Producers Agree on Emergency Meeting, Iran's Shana Says
Wednesday, February 03, 2016 Six oil-producing countries have agreed on an emergency meeting between OPEC and non-OPEC member states, according to Iran's oil ministry.

Oil Rises After Russia Says Open to Talking to OPEC
Wednesday, February 03, 2016 Oil rose after Russia repeated its willingness to talk with OPEC, but analysts say rising US crude inventories could put slow the the rally.

Oil Sinks for 2nd Day on Fading Hopes of Output Deal, Weather
Tuesday, February 02, 2016 Oil slumps for the second straight day, with U.S. crude ending 5.5 percent lower, as hopes of a deal to curb one of the worst supply gluts in history continued to fade amid concerns that mild winter weather in the U.S. will dampen demand.

Oil Sinks, Pressured by China, OPEC and Warmer U.S. Weather
Monday, February 01, 2016 U.S. crude oil prices slide as much as 7 percent, pressured by weak economic data from China, a U.S. forecast for mild weather and growing doubts that OPEC and non-OPEC producers would come together to reduce the swelling global supply glut

Oil Rises, Pares Losses in January on Hopes for Production Deal
Friday, January 29, 2016 Oil prices rise, rebounding more than 25 percent from 12-year lows hit last week and cutting losses for the month, on prospects of a deal between major exporters to cut production and curb one of the biggest supply gluts in history.

Oil Climbs On Hopes For Output Cut, Dollar Slips
Thursday, January 28, 2016 Crude oil prices rise to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slips on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested.

Oil Prices Rise on Slightly Positive EIA Data
Wednesday, January 27, 2016 A weaker dollar and speculation of Russia-OPEC coordinated output cuts helped boost prices.

Oil Surges On Hopes For Output Cuts To Trim Glut
Tuesday, January 26, 2016 Oil prices surge, settling more than 4% higher as investors find reasons to hope for output cuts.

Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.

Oil Selling Resumes As Iraq Supply Worsens Glut
Monday, January 25, 2016 US oil prices recoiled 6%, slipping below the pivotal $30-a-barrel threshold in post-settlement trade.

Oil Rips 10% Higher As Bears Race To Cash In On Crash
Friday, January 22, 2016 Oil prices surge 10%, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them.

Oil Rebounds From 12-Year Low As Equities Rally, Shorts Cover
Thursday, January 21, 2016 Oil prices rebound over $1 a barrel from 12-year lows, as rallying financial markets gave some bearish traders reason to take profits on record short positions.

With No Supply Response in Sight, WTI Crashes Through $27
Wednesday, January 20, 2016 Global financial markets suffer heavy losses along with oil.

Oil Pares Most Gains After Warning Market Could 'Drown In Oversupply'
Tuesday, January 19, 2016 Brent crude rebounded from 12-years lows after data showed record demand in China.

Oil Slumps Below $28 To 2003 Low As Iran Sanctions Lifted
Monday, January 18, 2016 Oil prices slump to a 2003 low below $28 per barrel.

Oil Plunges Below $29 On Prospects Of More Iran Crude, China Worries
Friday, January 15, 2016 Oil prices crashed 6% to close below $30 a barrel for the first time in 12 years.

Oil Up After 8-Day Rout; Worries Remain Iran Will Add To Glut
Thursday, January 14, 2016 Oil rebounds, snapping an eight-day rout, as investors covered short positions but the market settled not far from 12-year lows.

WTI Has First Gain of Year; Brent Breaches $30
Wednesday, January 13, 2016 Global glut concerns persist and the EIA reports record refined product inventories.

Tumbling Oil Trades Below $30 A Barrel For First Time In 12 Years
Tuesday, January 12, 2016 Oil falls briefly below the widely watched $30-per-barrel level, extending a selloff that has sliced almost 20% off prices this year.

Oil Dive Deepens To 12-Year Low; $20 Warning On China
Monday, January 11, 2016 A brutal new year selloff in oil markets quickened, with prices plunging 6% to new 12-year lows.

Oil Down 10% After 5-Day Drop; Goldman Says More Losses Needed
Friday, January 08, 2016 Oil falls for a fifth straight day, losing 10% on the week.

Oil Down Again to 12-Year Low; $30 Handle Looks More Likely
Thursday, January 07, 2016 Oil prices fall for a fourth day, lurching again to 12-year lows as new financial market tumult in China brings a $30 per barrel handle within view.

Crude Falls to Fresh Lows
Wednesday, January 06, 2016 Worries about China and record refined product inventories weigh on prices.

Oil Slumps Towards 11-Year Low, Ignoring Mideast Tensions
Tuesday, January 05, 2016 Oil prices drop over 2% towards its 11-year low.

Oil Down; China, Wall St Tumble Erase Early Rally On Middle East
Monday, January 04, 2016 Oil prices fell in volatile trade, with gains from an early rally on Middle East tensions vanishing as sliding global stock markets and worries about China extended crude's slump.

Oil Ends 2015 Down 35%; Long, Painful Hangover Seen
Thursday, December 31, 2015 Oil prices rise but fall as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear.

Oil Down More Than 3% On U.S. Crude Build; Brent Near 2004 Low
Wednesday, December 30, 2015 Crude prices fall more than 3 percent, with Brent sliding toward 11-year lows, after an unusual build in U.S. stockpiles and signs Saudi Arabia will keep adding to the global oil glut.

Oil Advances as US Crude Stockpiles Seen Falling, Easing Glut
Tuesday, December 29, 2015 Crude climbs as traders count on another week of declines in US crude inventories to help ease the glut that's pushed prices below $40 a barrel.

Oil Down 3%; Brent Near 11-Year Low As Oversupply Worries Return
Monday, December 28, 2015 Oil falls more than 3%, with global benchmark Brent back near 11-year lows.

Oil Up 3% After US Crude Stocks Drop, Trade Thin
Wednesday, December 23, 2015 Oil rose more than 3% in thin, pre-holiday trading, buoyed by a surprise drop in US crude inventories.

Oil in New York at Premium to Brent for First Time Since January
Tuesday, December 22, 2015 Crude in New York traded at a premium to Brent for the first time since January amid speculation that the lifting of a U.S. export ban may help alleviate the U.S. supply glut.

Brent Oil Hits 11-Year Low As Global Supply Balloons
Monday, December 21, 2015 Brent oil craters to its lowest price in more than 11 years, as demand for heating oil slumps on warmer-than-normal temperatures and traders tested for a bottom.

Oil Ends Down For Third Week As US Rig Count Rises
Friday, December 18, 2015 Oil prices fall about half a percent after the US oil rig count unexpectedly rose for the first time in five weeks.

Oil Down More Than 1% On Fresh Supply Build, Dollar Spike
Thursday, December 17, 2015 Oil prices fall more than 1%, with global benchmark Brent settling not far from 2004 lows.

Andalas Energy Pushing for Positive Margins in Lower Oil Price Environment
Wednesday, December 16, 2015 Andalas Energy and Power plc (formerly CEB Resources) is positioning itself to be profitable in today's lower oil price environment, according to the company's newly appointed non-executive director, Paul Warwick.

Crude Falls to Multi-year Lows on Surprise Increase in US Crude Inventories
Wednesday, December 16, 2015 Oil prices fall on large, unexpected build to crude inventories and Fed rate rise

Oil Up Second Day As Covering Support Stops Slide To 11-Year Low
Tuesday, December 15, 2015 Oil prices rises for a second straight day as short-covering and technical support halt a slide to 11-year lows.

U.S. Oil Rises, Reversing Course After Nearing 11-Year Lows
Monday, December 14, 2015 U.S. crude rose nearly 2 percent, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom.

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Brent Crude Oil : $34.06/BBL 1.16%
Light Crude Oil : $30.89/BBL 2.61%
Natural Gas : $2.06/MMBtu 4.56%
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