News Topics: Commodity Prices

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Oil Rises From Near 6-Month Lows After Big US Stock Drawdown
Wednesday, July 29, 2015 Oil settles higher, recovering from multi-month lows, after US government data shows a surprisingly large crude stockpile draw.

Oil Steadies After 4-Day Loss; US Inventory Draw Eyed
Tuesday, July 28, 2015 Oil prices steady, with Brent recovering from near six-month lows and US crude settling more than 1% higher.

Oil Hits 4-Month Low On China Stock Market Dive, Supply Concern
Monday, July 27, 2015 Crude oil futures hit 4-month lows after a steep drop in China's stock markets spark concern about the economic health of the world's biggest energy consumer.

Oil Falls To Lowest Close Since March, Down A Fourth Week
Friday, July 24, 2015 Brent and U.S. crude futures settle at their lowest since March and post their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.

Oil Falls On Concerns About Supply Glut, Shaky Demand
Thursday, July 23, 2015 Brent crude oil futures settle at its lowest since April and US crude falls into bear market territory.

Oil Falls, US Crude Settles Below $50 As Inventories Rise
Wednesday, July 22, 2015 Oil prices fall and US crude settles below $50 a barrel after government data showed crude inventories in the United States rose last week.

Oil Gains After Choppy Trade, US August Crude Expires Above $50
Tuesday, July 21, 2015 Crude oil futures held on to gains after a volatile session that saw the US front-month August contract expire and go off the board above $50 a barrel, with a weaker dollar providing support.

Oil Prices Dip Below $50 On Ample Supply, Strong Dollar
Monday, July 20, 2015 Oil futures fall and US crude slips below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combine to pressure prices.

Brent Up, U.S. Crude Dips As Both Post Third Weekly Loss
Friday, July 17, 2015 Brent crude rises and U.S. futures dip in choppy trading as expectations of increased exports from Iran cap prices and help both contracts post their third consecutive weekly losses.

Brent Up On UK Outage, US Crude Falls On Cushing Data
Thursday, July 16, 2015 Front-month Brent crude prices rises after a power outage shuts production at Britain's largest oilfield and as the August contract approaches expiration.

Oil Slumps On Prospect Of Increasing Iranian Exports
Wednesday, July 15, 2015 Oil prices fall about 3% on expectations increased exports from Iran will add to a global supply glut and on rising inventories at the delivery hub at Cushing, Oklahoma.

Oil Rises as Iran Exports Seen Slow to Resume After Deal
Tuesday, July 14, 2015 Oil rises, reversing early losses and settling higher after it became apparent that a nuclear deal between Tehran and six global powers will not immediately remove sanctions placed on Iranian crude exports.

Oil Dips As US Keeps Alive Hopes Of Iran Nuclear Deal
Monday, July 13, 2015 Oil fell more than 1% after the US kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.

WoodMac: $60 Barrel Forecast Hinges on Greece Exit, China Market Trouble
Friday, July 10, 2015 Wood Mackenzie discusses where oil prices could go after prices decline on the Greek crisis and China’s equity market troubles.

North Dakota's Oil Output Jumps In May, Bucking Expectations
Friday, July 10, 2015 North Dakota posts a 3% increase in May daily oil production, a surprising feat that hints the state's Bakken shale formation may be more resilient to sliding crude prices than expected.

Oil Ends Steady On Small US Rig Rise; Eyes On Greece, Iran
Friday, July 10, 2015 Crude futures settle with little change after data shows the US oil rig count barely rising, allaying fears of an acceleration in drilling that could bring on a surfeit of new supply to the market.

Oil Up Nearly 3% On China Equities Rebound, Iran Uncertainties
Thursday, July 09, 2015 China equities jump on support measures by Beijing while Iran uncertainties remain, pushing deal target to Friday.

US Crude Falls More Than 1% On Surprise Stockpile Build
Wednesday, July 08, 2015 US crude futures fall more than 1% after a surprise build in stockpiles while gasoline rallied on bets for strong fuel demand through the peak summer driving season.

US Crude Resumes Fall As Investors Seek Safe Havens
Tuesday, July 07, 2015 US crude oil prices fall for a second straight day as worries about Greece and China's stock market losses spark an investor flight to safe havens.

Oil Crashes 8% As Greek Vote, Iran Talks Set Off Exodus
Monday, July 06, 2015 Oil prices suffer their biggest selloff in 5 months, falling as much as 8 percent.

Oil Flat As US Rig Count Rise Cools Gains, Gasoline Jumps
Thursday, July 02, 2015 Crude oil prices end little changed as the first weekly gain in the US rig count this year pared earlier gains.

WTI-Brent Spread Hits 3-Wk High After Surprise US Oil Stock Build
Wednesday, July 01, 2015 US crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in 3 weeks.

Oil Bounces Off 3-Week Lows As Greek Debt Default Looms
Tuesday, June 30, 2015 Oil prices end higher as it rebounds from 3-week lows with US refined fuel trading leading the rally on bets for strong summer demand.

Oil Hits 3-Week Lows As Greek Crisis Worsens; Eyes On Iran
Monday, June 29, 2015 Crude futures hit 3-week lows as Greece shut its banks and imposes capital controls, causing widespread risk aversion.

Oil Near Flat, Brent Up Modestly After Two-Day Drop
Friday, June 26, 2015 Crude futures ended little changed after signs Greece might have a deal by the weekend to avoid a debt default.

Crude Down Again On Oil Products Weakness; Greece, Iran eyed
Thursday, June 25, 2015 Crude oil falls for a second straight day, weighed by weaker US refined fuels markets and potential negative impact from Greece's debt crisis on European energy demand.

Oil Slides After Big US Gasoline Build Offsets Crude Draw
Wednesday, June 24, 2015 Crude oil futures settle down more than 1% after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.

Crude Up About 2% As US Oil Products Jump; Eyes On Iran
Tuesday, June 23, 2015 Crude futures rally around 2%, latching onto a rebound in oil products ahead of US inventory data expected to show strong demand for gasoline.

Oil Up As US Crude Contract Expires; Eyes On Gasoline, Greece
Monday, June 22, 2015 Oil reverses losses to end slightly higher as short-covering ahead of the expiry of the front-month contract in US crude lifted a burdened market.

Oil Down 2% On Greek Worries, Weaker Products Markets
Friday, June 19, 2015 Crude oil falls about 2%, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.

Oil Up Third Day On Dollar Slump, US Crude Draw Data
Thursday, June 18, 2015 Oil prices settle up for a third straight day, boosted by a slipping dollar.

Brent Edges Up, US Crude Off Low As Fed Weakens Dollar
Wednesday, June 17, 2015 Brent crude edges up and US crude eases in volatile trading as both contracts trim losses after the Federal Reserve left the outlook for interest rate increases uncertain.

US Crude Oil Up As Tropical Storm Goes Ashore In Texas
Tuesday, June 16, 2015 US crude prices rise as a tropical storm moves ashore in the oil-producing state of Texas.

Oil Slips On Greece Concerns As July Brent Expires
Monday, June 15, 2015 Oil prices fall in volatile trading as the Greek debt crisis raises concerns about demand for petroleum in Europe.

Oil Down 2nd Day, Weekly Gain Cut On Saudi Output Worry
Friday, June 12, 2015 Oil slides for a second day, giving back more of the week's gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut.

Oil Slips, Rally Cut Short By Dollar And Greek Worry
Thursday, June 11, 2015 Crude oil prices fall as players take profits from the past two days of gains.

Oil Jumps After US Stockpile Draw; Gasoline At 7-Month High
Wednesday, June 10, 2015 Oil rallies for a second straight day, with US crude nearing a one-month high and gasoline hitting its highest price since November.

Oil Up More Than 3% In Broad Rally Ahead Of Stockpile Data
Tuesday, June 09, 2015 Prices for crude oil, gasoline and diesel jump more than 3%, as bullish investors ramp up bets across the oil complex for another weekly drop in US stockpiles.

Oil Falls as China Cuts Crude Imports; OPEC Decision Weighs
Monday, June 08, 2015 Oil falls by 1 percent or more on a slump in Chinese demand and worries that OPEC's decision to pump crude without restraint could prolong the current supply glut, although a weaker dollar limits losses.

Oil Up 2% After Early Swing on Dollar, OPEC Move
Friday, June 05, 2015 Oil stages its first rally in three days, gaining 2 percent, despite warnings of more oversupply as a result of OPEC's decision to keep pumping crude without restraint.

Iraqi Oil Minister Expects Prices, Demand to Rise
Friday, June 05, 2015 Iraqi Oil Minister Adel Abdel Mahdi expects demand to rise and sees oil prices heading to $75 per barrel by the end of 2015.

Conoco CEO sees Return to $40s Unlikely, Demand Growth Doubling
Thursday, June 04, 2015 ConocoPhillips Chief Executive Ryan Lance believes that the oil price is unlikely to go down to $40 and claims that demand is rising.

Oil Tumbles Again Before OPEC; Worry Over Spiking European Yields
Thursday, June 04, 2015 Crude prices tumble almost 3% for a second day ahead of an OPEC decision.

Russia sees Oil Price at $60-70 in Next 3 Years
Wednesday, June 03, 2015 Russia's energy minister expects oil prices to fluctuate between $60 and $70 per barrel in the next three years.

Oil Down 3% Despite US Stockpile Drop; Pre-OPEC Mood Glum
Wednesday, June 03, 2015 Oil falls nearly 3% as traders and investors ignore a fifth straight weekly decline in US crude stockpiles.

Oil Up On Dollar Drop; Poll Calls For US Stocks Decline
Tuesday, June 02, 2015 Oil prices rise, driven by a weak dollar and expectations that US crude supplies could have fallen last week for a fifth straight week.

Oil Drops On High OPEC Output, Firmer Dollar
Monday, June 01, 2015 Oil settles down as much as %, retreating from Friday's sharp rally on a strong dollar and concern over stubbornly high supplies.


 
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Brent Crude Oil : $53.38/BBL 0.15%
Light Crude Oil : $48.79/BBL 1.68%
Natural Gas : $2.89/MMBtu 2.48%
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