News Topics: Commodity Prices

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Oil Surges To Settle At 3-Month High On Bullish Outlook
Thursday, October 08, 2015 Oil prices climb to their highest in three months after a closely watched oil forecaster predicted prices would climb to $75 over the next two years.

Oil Down, Snaps 3-Day Rally After Big US Crude Build
Wednesday, October 07, 2015 Oil falls in volatile trading, snapping a 3-day rally, after US government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.

Oil Jumps $2, Breaking Range As Supply Seen Ebbing
Tuesday, October 06, 2015 Oil prices jump more than $2 a barrel, breaking out of a month-long trading range.

Crude Up Over 2% As Gasoline Jumps, Russia Mulls Oil Talks
Monday, October 05, 2015 Crude oil prices settle up more than 2%, bolstered by a rally in US gasoline and Russia's willingness to meet other major oil producers to discuss the market.

Oil Up, Erasing Early Loss; US Rig Count Down 5th Week
Friday, October 02, 2015 Crude prices erase early losses to rise by 1% or more after a report showing the fifth weekly decline in the US oil rig count renewed the debate over falling production in the world's top oil consumer.

Oil Down As US Storm Worries Fade, Snuffing Early Rally
Thursday, October 01, 2015 Oil prices fall more than 1% as the government's storm monitor alters forecasts for the path of the latest US hurricane.

Oil Mixed On US Crude Build, Syria; Down 24% On Quarter
Wednesday, September 30, 2015 Oil prices end mixed in volatile trade, with global benchmark Brent up on worries about Russian airstrikes in Syria and US crude down after data showing a surge in domestic inventories.

Oil Jumps 2% Ahead Of US Storage Data
Tuesday, September 29, 2015 Oil settles up almost 2% as some traders expect US crude inventories to have dropped in the latest week even as others bet on a stockpile build.

PetroNeft Sees No Sign of Oil Price Improvement, Vows to Grow Production
Tuesday, September 29, 2015 PetroNeft's Chairman, David Golder, believes "there is little sign of improvement in oil prices in the near term" and states that PetroNeft is focused on growing production in the future.

Kuwait: No Need for OPEC, Non-OPEC Producers Summit
Monday, September 28, 2015 A summit of OPEC and non-OPEC, as suggested by Venezuela, would be pointless as independent producers are not committed to cutting output, according to Kuwait's oil minister.

Oil Down Nearly 3% On Wall Street, China; Cushing Draw Limits Loss
Monday, September 28, 2015 Oil prices fall nearly 3%, pressured by tumbling equities on Wall Street and weak Chinese economic data.

Oil Up After Wall Street Rally, Drop In US Rigs
Friday, September 25, 2015 Oil prices rise for the second straight day, supported by a rally on Wall Street and a lower US rig count.

Oil Rises as Dollar Drop Bolsters Commodity Appeal as Investment
Thursday, September 24, 2015 Oil climbs from its lowest level in more than a week as the dollar drops, bolstering demand for commodities as an investment.

YPF Said to Plan 2016 Spending Cut as $77 Crude Disappears
Thursday, September 24, 2015 Argentina's YPF says it will cut spending up to 20 percent next year if a new administration lowers the domestic oil price.

Oil Tumbles; Large Gasoline Build Trumps US Crude Draw
Wednesday, September 23, 2015 Global oil markets tumble, with US crude futures settling down 4%.

Brent Up Slightly, US Down 2%; Pipeline News Limits Losses
Tuesday, September 22, 2015 Brent settles up, while US crude finishes down 2% but off its lows despite weak Wall Street stocks.

US Crude Up 4% On Lower Stockpile Bets; Brent Spread Narrows
Monday, September 21, 2015 Oil prices rally, with US crude surging more than 4% on signs of declining stockpiles.

Russian Government Readies for Prospect of $30 Oil
Monday, September 21, 2015 Russia's government has been discussing ways to tackle the tough economic environment if oil falls to as low as $30 per barrel next year.

Oil Bull Hall's Fund Up Slightly in August, Riding Late Crude Rally
Friday, September 18, 2015 Oil trader Andy Hall put his hedge fund into the black in August after a late market rally helped him stave off a fourth straight monthly loss.

US Crude Tumbles 5%, Wall Street Selloff Offsets Rig Data
Friday, September 18, 2015 Oil prices tumble with U.S. crude falling 5 percent, after a selloff in Wall Street equities offset positive impact to crude.

Oil Drops Amid Broader Selloff as Fed Points to Global Risks
Friday, September 18, 2015 Oil drops for a second day after the US Federal Reserve left borrowing costs unchanged based on concerns about recent global economic turmoil.

Russia Said to Study Oil-Tax Increase to Shrink 2016 Budget Gap
Friday, September 18, 2015 The Russian government considers raising taxes on its crude producers, its biggest source of revenue, to narrow its budget deficit next year.

Oil Falls In Volatile Trade After Fed Leaves Rate Unchanged
Thursday, September 17, 2015 Global oil futures fall, resuming their slide after a brief spike following the Federal Reserve's announcement that it would leave US interest rates unchanged.

Oil Rallies On Large US Drawdown, Fed Speculation
Wednesday, September 16, 2015 Oil prices jump as much as 6%, after the largest US crude drawdown in 7 months at the key delivery point in Cushing, Oklahoma fed a new round of market volatility.

US Crude Up On Wall Street, Gasoline Rally; Brent Premium Narrows
Tuesday, September 15, 2015 US crude settles up more than 1%, buoyed by gains on Wall Street and higher gasoline prices, while Brent oil advanced less.

Oil Falls Sharply; Brent-US Spread Smallest Since January
Monday, September 14, 2015 Brent falls almost 4 percent, narrowing US crude's discount against the global oil benchmark to the lowest level since January.

IEA Sees US Oil Output Collapsing Next Year on Low Prices
Friday, September 11, 2015 Lower oil prices will force non-OPEC producers including the US to cut output by the steepest rate in more than two decades next year.

Oil Ends Down About 2% As Goldman Sachs Cuts Price Forecast
Friday, September 11, 2015 Crude futures fall 2% or more after Goldman Sachs cut its outlook on oil.

OPEC, Non-OPEC Countries Study Venezuela's Oil Summit Proposal
Thursday, September 10, 2015 OPEC and non-OPEC countries are studying a Venezuelan proposal for a heads-of-state summit to address low oil prices, according to the energy minister of Qatar.

Oil Rallies As Gasoline Demand Offsets US Crude Build
Thursday, September 10, 2015 Oil prices rally, with US crude settling up 4% as indications of strong demand for gasoline overshadowed a report showing increased US crude inventories.

Russia: Global Shale Output Decline Will Stabilize Oil Market
Thursday, September 10, 2015 Russia's energy minister expects that cuts in global shale oil production will help stabilize the oil market.

Saudi Sees No Need for Oil Summit
Thursday, September 10, 2015 Saudi Arabia sees no need to hold a summit of producing countries' heads of state if such discussions would fail to produce concrete action towards defending oil prices.

Oil Falls As Supply Glut, Demand Concerns Apply Pressure
Wednesday, September 09, 2015 Oil prices fall nearly 4%, pressured by ample supply and concerns about demand being curbed by slowing economic growth.

Brent Settles Up 4%, Riding Equities Rally; US Crude Down
Tuesday, September 08, 2015 Brent crude settles up 4% as strength in stock markets help the global oil benchmark recoup the bulk of its losses from the previous session.

EOG Resources CEO Expects Oil Prices To Rise In 2016
Tuesday, September 08, 2015 EOG Resources CEO Bill Thomas expects oil prices to rise next year, telling a group of analysts that he is "excited about 2016."

Maduro: Global Oil Price Should be a Minimum of $70
Tuesday, September 08, 2015 The global price of oil should be a minimum $70 per barrel in order for necessary petroleum investments to be maintained, says Venezuela's President Nicolas Maduro.

Gulf Oil Ministers to Meet on Thursday amid Price Slide
Monday, September 07, 2015 Gulf oil ministers are due to meet this week in Qatar in the first gathering by the heavyweight crude producers since the latest slide in oil prices.

Oil Falls With Wall St; Drop In US Drilling Rigs Ignored
Friday, September 04, 2015 Crude futures fall about 2% as traders pay little heed to a drop in the number of US rigs drilling for oil and focus instead on a supply glut and declining stock prices on Wall Street.

Energy Tsar: Russia Targets One Third Increase In Oil Output In 20 Years
Friday, September 04, 2015 Russia could increase its oil output by a third to over 14 million barrels per day in the next two decades.

Oil Industry Slashes Lobbying Spending Amid Downtown
Friday, September 04, 2015 With oil prices plummeting, drillers have a lot less money to sink into lobbying.

Oil Up Modestly On Volatile Wall Street; Awaits Jobs, Rig Data
Thursday, September 03, 2015 Oil prices inch higher in see-saw trade, tracking gains in Wall Street equities for a second straight day.

No Deal On Oil Output After Russia's Putin Meets Venezuela's Maduro
Thursday, September 03, 2015 Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Oil Turns Higher As Wall Street Rally Offsets Inventory Rise
Wednesday, September 02, 2015 Oil prices end nearly 2% higher in volatile trade as rallying equities on Wall Street pull crude up from lows.

Oil Tumbles 8% As Weak China Data Revives Growth Fears
Tuesday, September 01, 2015 Oil prices tumbled 8% in volatile trading that sent Brent futures back below $50 a barrel.

Russia's Rosneft Says Can Weather Oil at $40 per Barrel
Tuesday, September 01, 2015 Rosneft is resilient and expects no big changes to planning even with the price of oil languishing at $40 per barrel, according to a company official.

Russia Says Oil Output Could Decline if Prices Stay Low
Tuesday, September 01, 2015 Russia will not deliberately cut oil production to prop up prices but its output may decline if prices remain low, according to Deputy Prime Minister Arkady Dvorkovich.

Oil Caps Biggest Three-Day Gain Since 1990 as OPEC Ready to Talk
Monday, August 31, 2015 Oil caps the biggest three-day gain in 25 years after OPEC says itís ready to talk to other global producers to achieve Ďfair pricesí and the U.S. government reduced its crude output estimates.

Saudi Stocks Cap Worst Month in Seven Years as Oil Resumes Slide
Monday, August 31, 2015 Saudi Arabian stocks fall in the worst month in almost seven years after Brent crude resumes its decline.

US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
Friday, August 28, 2015 US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.

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Brent Crude Oil : $53.05/BBL 3.35%
Light Crude Oil : $49.43/BBL 3.38%
Natural Gas : $2.5/MMBtu 1.21%
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