News Topics: Commodity Prices

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Oil Steadies On US Rig Count Drop, Small Crude Build
Wednesday, November 25, 2015 Crude futures erase early losses to settle steady after a smaller-than-expected supply build in the United States.

Oil Hits 2-Week Highs On Mideast Tensions, US Gasoline Rally
Tuesday, November 24, 2015 Oil prices hit two-week highs, rising about 3%, after a spike in Middle East tensions and a rally in US gasoline futures.

Oil Ends Steady; Saudi Pledge, Glut Worry Causes Wild Ride
Monday, November 23, 2015 Brent settled steady and US crude slightly lower after prices were whipsawed by volatility as Saudi Arabia pledged to work toward oil price stability.

Oil Slump Puts Canada in C$3B Hole as Trudeau Takes Reins
Friday, November 20, 2015 Canada's finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending.

Brent Up 1% On Short-Covering, US Crude Just Above $40
Friday, November 20, 2015 Brent oil settles 1% higher on pre-weekend short-covering, while US crude settles lower and just above $40-per-barrel.

Investors Bet on Rebound as Holdings in Oil ETF Jump to Record
Friday, November 20, 2015 Investors are piling into the United States Oil Fund on speculation prices may have bottomed near $40 a barrel.

Kemp: Should We Worry As Oil Stocks Hit 3 Billion Barrels?
Friday, November 20, 2015 Nearly 3 billion barrels of crude petroleum and refined products are being stored by oil firms in the advanced economies according to the IEA.

Iraqi Oil Selling at $30 as OPEC Readies for New Battles
Thursday, November 19, 2015 Iraq may increase oil output further in 2016, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel.

Brent Steady, US Crude Down Ahead Of Contract Expiry
Thursday, November 19, 2015 Brent oil futures settle steady while US crude falls ahead of the expiry of the front-month contract and continued pressure from large inventory builds.

Oil Ends Up, Recovering From Lows; Glut Remains A Worry
Wednesday, November 18, 2015 Oil falls near 3-month lows and US crude futures slip to below $40 a barrel before settling higher.

Oil Slides 2%, Market Refocused On Global Supply Glut
Tuesday, November 17, 2015 Crude oil futures fall more than 2%, resuming their slide after a one-day pause.

Oil Prices Rise As Tensions Mount After Paris Attacks
Monday, November 16, 2015 Oil prices rise after strong losses last week, as Friday's deadly attacks in Paris raise geopolitical tensions.

Oil Down Again; Glut Forces Biggest Weekly Loss In 8 Months
Friday, November 13, 2015 Oil slumps again, extending the week's loss to the largest in eight months, as swelling storage of crude on both land and sea pressured prices.

Oil Slumps 4%, Nears New 6-Year Low As Glut Persists
Thursday, November 12, 2015 Oil prices tumble almost 4%, accelerating a slump that threatens to test new 6-and-a-half year lows.

Crude Falls to August Lows - Oversupply Concerns Pervade
Wednesday, November 11, 2015 Both WTI and Brent crude prices dropped to lows not seen since August 2015 on global glut concerns.

Oil Rises On IEA Investment Report, Traders Await Inventory Data
Tuesday, November 10, 2015 Crude prices rise after the IEA noted a sharp drop in oil investment.

Oil Down 4th Day On Stockpile Worries, Weak Wall Street
Monday, November 09, 2015 Oil prices fall as much as 1%, extending losses for a fourth straight day.

Oil Slides As Dollar Jumps; Down More Than 4% On The Week
Friday, November 06, 2015 Oil prices fall as much as 2 percent, posting their third weekly decline in four, on pressure from a rallying dollar and higher interest rate expectations after strong U.S. jobs growth in October.

Oil Ends Down As Much As 2% On Oversupply, Gasoline Pressure
Thursday, November 05, 2015 Oil settles down as much as 2% as an oversupply of crude and weak gasoline prices extended the previous session's rout.

Crude Falls; US Production Rises Week over Week
Wednesday, November 04, 2015 WTI touched a low of $47.17/bbl after the EIA reported crude inventories rose for the sixth straight week and that product demand fell for the week ending October 30.

Oil Up 4%; Gasoline Adds Fuel To Rally On Libya, Brazil
Tuesday, November 03, 2015 Crude prices rise about 4% as a rally in US gasoline and diesel amid an outage on key pipeline system adds support.

Oil Down On Russia Output, China; US Inventory Build Seen
Monday, November 02, 2015 Oil prices fall after soft Chinese factory data raises worries about energy demand in the No. 2 economy.

Oil Prices Rise On US Rig Count
Friday, October 30, 2015 Oil prices rise Oct. 30, finishing higher for the week and month as well, after another decline in the US oil rig count.

Oil Prices Mixed After Big Rally, Range-Bound Trading Seen
Thursday, October 29, 2015 US crude rises slightly while Brent dips, as traders try to discern the oil market's direction a day after prices rallied.

WTI Rises 6.3% on Larger than Expected Declines to Product Inventories
Wednesday, October 28, 2015 After hitting multi-week lows, oil prices rallied on positive newsflow that brought some confidence to traders.

Oil Falls To Multi-Week Lows On Persistent Supply Glut
Tuesday, October 27, 2015 Oil prices fall a third straight session to multi-week lows on the persistent global supply glut ahead of data expected to show another increase in US crude inventories.

Crude Falls, Extending 2-Week Slide On Refined Oil Glut Worry
Monday, October 26, 2015 Crude prices fall, staying under pressure after two straight weeks of losses.

OMV CEO Says Plans Overhaul to Cut Costs
Friday, October 23, 2015 OMV's chief executive, Rainer Seele, is reportedly working on plans to cut costs and expand low-cost production.

Oil Down As Dollar Offsets China Move; Glut Hits Prompt US Crude
Friday, October 23, 2015 Oil fell, erasing early gains as traders dismissed a rate cut by China to focus on a surging dollar and weaker spot prices for US crude as a glut weighed on prompt supplies.

Oil Edges Up On Gasoline, Wall Street; Stockpile Worry Limits Gains
Thursday, October 22, 2015 Crude oil inched higher as gains prompted by a rally in gasoline and technical charts calling for higher prices were capped by worries about high US crude inventories.

Oil Falls; EIA Inventory Data Show Large Crude Build
Wednesday, October 21, 2015 Vienna meeting between OPEC and large non-OPEC oil producers fails to agree output cuts. Oil prices fall on larger than expected build to US crude inventories.

Oil Ends Mixed, US Crude Eases Before Storage Reports
Tuesday, October 20, 2015 Crude oil prices settled mixed with US futures down slightly as market participants pointed to ongoing global oversupply concerns.

Oil Down About 4%; Gasoline Drop Adds To China, Iran Worries
Monday, October 19, 2015 Crude oil falls about 4% after a tumble in gasoline futures added pressure to a market slumping on slower growth in China and signs that Iranian oil will return to the market soon.

Oil Up As US Rig Count Falls Again; Prices Still Down On Week
Friday, October 16, 2015 Oil prices rise nearly 2% as traders cover short positions after four days of sharp losses.

Oil Ends Down For 4th Day, Hit By Big US Crude Build
Thursday, October 15, 2015 Oil prices fell after the US government reported a larger-than-expected crude stockpile build.

Oil Ends Down Again; Global Glut Offsets US Output Drop
Wednesday, October 14, 2015 Oil prices settle slightly lower, staying under pressure this week as concerns of a growing global supply glut negated the view of recent weeks that declining US production would buoy prices.

Oil Prices Pare Early Gains, Close Lower On Oversupply Concerns
Tuesday, October 13, 2015 Oil prices give up early gains and close lower after the IEA rekindled fears that the market remains over supplied.

Oil Settles Down 5% On Profit Taking And As OPEC Boosts Output
Monday, October 12, 2015 Oil prices tumble, settling 5% lower as traders took profits after last week's surge to an 11-week high, and on a report that OPEC continued to boost crude production despite a persistent glut.

Oil Prices Slip After 11-Week High
Monday, October 12, 2015 Temporary commodity price climb is tempered by history and questions about communication between Russia and OPEC.

Kemp: Oil Prices Strengthen, Shrug Off Goldman Warning
Friday, October 09, 2015 Timespreads for WTI and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

Oil Little Changed After Choppy Trade, WTI Ends At 11-Week High
Friday, October 09, 2015 Oil prices remain little changed in choppy trade as traders flip-flopped.

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.

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.

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.

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Brent Crude Oil : $46.17/BBL 0.10%
Light Crude Oil : $43.04/BBL 0.39%
Natural Gas : $2.21/MMBtu 0.45%
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