Results43 articles shown
Oil Falls to Three-Month Low Amid Projected Fuel Supply Growth
Tuesday, July 26, 2016 Oil dropped to a three-month low in New York amid speculation that US fuel stockpiles increased, bolstering a glut in the world's biggest crude-consuming nation.
Kemp: Hedge Funds in New Cycle of Oil Short-Selling
Monday, July 25, 2016 Hedge funds have been liquidating their former record bullish position in crude futures and options, putting downward pressure on oil prices in recent weeks.
Oil Tumbles to Three-Month Low as US Drilling Climbs Amid Glut
Monday, July 25, 2016 Oil fell to the lowest in three months in New York after US producers increased drilling for a fourth week even as the market contends with abundant stockpiles.
Oil Drops to Two-Month Low Amid Ample US Supply, Rising Dollar
Friday, July 22, 2016 Oil dropped to the lowest close in more than two months as the US heads to the end of the summer-driving season with ample inventories.
Oil Down 2% as Record US Stockpiles Heighten Glut Worry
Thursday, July 21, 2016 Oil prices fell 2 percent on Thursday, as the market took a closer look at US government data that showed growing inventories of gasoline and other oil products pushed total petroleum supplies in the No. 1 oil consumer to record highs.
Oil Prices Up 1% After Ninth Weekly US Crude Drawdown
Wednesday, July 20, 2016 Oil prices rose as much as 1 percent on Wednesday, lifting US crude from two-month lows, after the US government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.
Oil Down Before US Stockpile Data; Attention on Product Builds
Tuesday, July 19, 2016 Oil prices fell as much 1 percent for a second day in a row on Tuesday as a rallying dollar and global fuel glut offset forecasts for lower US crude stockpiles that would have been typically bullish for the market.
Oil Drops as Flows Unhindered Following Coup Attempt in Turkey
Monday, July 18, 2016 Oil declined following a failed coup in Turkey as shipments continued through the vital conduit from Russia and Iraq to the Mediterranean Sea.
Oil Settles Near $46 Amid Nigeria Force Majeure, US Fuel Glut
Friday, July 15, 2016 Oil closed near $46 a barrel in New York as the market weighed a force majeure declared by Exxon on crude shipments out of Nigeria against excess US oil and product inventories.
Oil Rises From Two-Month Low as Equities Gain, Dollar Slips
Thursday, July 14, 2016 Oil climbed as global equity markets advanced while the weakening dollar bolstered commodities.
Oil Tumbles After US Fuel Stockpiles Unexpectedly Increase
Wednesday, July 13, 2016 Oil tumbled after a government report showed US fuel inventories unexpectedly grew, adding to concerns about oversupply.
Oil Soars 5% in Biggest One-Day Gain Since April
Tuesday, July 12, 2016 Oil prices surged 5 percent on Tuesday, the biggest daily gain since April, as investors' covering of short positions and a technical rebound helped lift the market off two-month lows.
Oil Falls to Two-Month Low as US Rig Count Rises, Dollar Firms
Monday, July 11, 2016 Crude fell to a two-month low as a strengthening dollar reduced investor appetite and the rising US oil rig count signaled the output decline may slow.
Oil Climbs as US Jobs Data Alleviates Concern About Economy
Friday, July 08, 2016 Oil rose after stronger US payroll growth allayed concern that the economy of the world's largest crude-consuming nation is slowing.
Oil Down 5% to 2-month Lows as US Crude Draw Disappoints
Thursday, July 07, 2016 Oil prices fell 5 percent to two-month lows on Thursday after the US government reported a weekly crude draw within analysts' forecasts that disappointed market bulls expecting larger declines.
Oil Gains After Failing to Breach June Low as Dollar Declines
Wednesday, July 06, 2016 Oil climbed after failing to break beneath last month's low as a weakening dollar increased investor appetite for commodities.
Oil Heads for Biggest Drop in Five Months Amid Glut
Tuesday, July 05, 2016 Crude headed for the biggest decline in almost five months as the outlook for the world economy darkened while oil stockpiles remain ample.
Oil Jumps on Pre-holiday Buying, Brent Up 4% on Week
Friday, July 01, 2016 Oil prices surged on Friday, and Brent crude posted its largest weekly gain since mid May, as investors positioned for the start of third quarter trading while a weaker dollar boosted prices of most commodities.
Oil Pares Biggest Quarterly Gain Since 2009 Amid Rebalancing
Thursday, June 30, 2016 Oil capped the biggest quarterly advance in seven years as falling US supply added to speculation the global surplus is easing.
Oil Erases Brexit Selloff as US Crude Supplies, Dollar Decline
Wednesday, June 29, 2016 Oil erased the two-day plunge that followed Britain's vote to leave the European Union after US crude inventories dropped for a sixth week while the dollar retreated against its peers.
Oil Jumps 3% on Post-Brexit Bargain Hunting, Norway Strike
Tuesday, June 28, 2016 Oil prices settle up 3 percent or more with investors buying back into the market after a two-day rout triggered by Britain's vote to leave the European Union.
Oil Caps Biggest Two-Day Loss Since February on Brexit Fallout
Monday, June 27, 2016 Oil caps the biggest two-day drop since February as futures remain volatile after the UK last week voted to leave the European Union.
Oil Prices Plunge 5% as Britain Votes to Leave EU
Friday, June 24, 2016 Oil prices settled 5 percent lower on Friday after Britain's vote to leave the EU spurred massive risk aversion and a rally in safe havens like the US dollar.
FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016 Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.
Oil Ends Higher in Choppy Trade Ahead of Britain's EU Vote
Thursday, June 23, 2016 Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.
Oil Ends Lower After Small US Drawdown; Choppy Ahead of Brexit Vote
Wednesday, June 22, 2016 Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected US inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union.
Oil Settles Down, Bounces Off Session Lows With Gasoline
Tuesday, June 21, 2016 Oil prices dip on Tuesday based on more speculation over Britain's future in the European Union, then pared losses to settle off session lows as a US refinery outage triggered a rebound in gasoline prices.
Oil Up 3 pct as Brexit Chances Dim; Gasoline Surges Too
Monday, June 20, 2016 Oil prices rise 3 percent, settling higher for a second straight day, after polls showing a lower likelihood of Britain leaving the European Union while U.S. gasoline surges 5 percent in anticipation of peak summer driving demand.
Oil Jumps 4 pct as Brexit Fears Ease, Still Down on Week
Friday, June 17, 2016 Oil prices jump about 4 percent, as a weaker dollar and less anxiety about Britain's possible exit from the European Union encourage investors to buy riskier assets.
Oil Slides 4% on Worry of Market Turmoil if UK Leaves EU
Thursday, June 16, 2016 Oil prices slumped about 4 percent and hit one-month lows, settling down for a sixth straight day, on fears of global economic turmoil if Britain exits the European Union.
Oil Down 5th Day; Brexit, Fed Hike Fears Offset U.S. Crude Draw
Wednesday, June 15, 2016 Oil prices fell for a fifth straight day, their longest losing stretch since February, on worries Britain might leave the European Union while the U.S. Federal Reserve signaled plans for two U.S. rate hikes this year despite slower growth.
Oil Slides as Rising Chance of Brexit Spooks Investors
Tuesday, June 14, 2016 Oil prices fall for a fourth straight day, dropping 1 percent as nervousness over Britain's vote next week on whether to leave the European Union overshadows signs of a return to health for crude after a two-year glut.
Crude Oil Drops to One-Week Low in NY Ahead of Brexit Vote
Monday, June 13, 2016 Crude fell to the lowest level in more than a week as investors anticipated turmoil ahead of the upcoming Brexit vote and the US oil rig count climbed for a second week.
Oil Down 3% as US Drillers Add rigs, Strong Dollar Weighs
Friday, June 10, 2016 Oil prices settled down 3 percent on Friday after data showing the US oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand for greenback-denominated crude futures.
Russia Cenbank Assumes 2016 Average Oil Price Of $38 Per Barrel
Friday, June 10, 2016 The Russian central bank assumes an average oil price of $38 per barrel in its base scenario for 2016, says the bank's Governor Elvira Nabiullina.
Oil Down After 3-day Rally; Dollar Rise Sparks Profit-taking
Thursday, June 09, 2016 Oil prices settled down on Thursday, snapping a three-day rally after notching another 2016 high, as a strong dollar sparked profit-taking in crude futures by investors.
Oil Rises, Hits 2016 Highs; US Gasoline Build Worries Some
Wednesday, June 08, 2016 Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria.
Oil Hits 2016 High on US Draw Forecasts, Nigeria Worry
Tuesday, June 07, 2016 Oil prices hit 2016 highs on Tuesday, with US crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draw and worries about global supply shortfalls from attacks on Nigeria's oil industry.
Oil Up 3rd Day on Supply Worry; Fed Chief Remarks Pare Gains
Monday, June 06, 2016 Oil prices rose for a third straight day on Monday, as crippling attacks on Nigeria's oil industry and fresh draws in US crude stockpiles boosted prices even though gains were pared later on renewed expectations of a US interest rate hike.
Oil Slides on US Rig Count Rise, Economy Concerns
Friday, June 03, 2016 Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year.
Oil Rises to Seven-Month High Even as OPEC Maintains Status Quo
Thursday, June 02, 2016 Oil rises to a seven-month high in London after a US crude supply decline tempered the impact of OPEC's failure to reach an agreement for a new production ceiling.
Crude Oil Closes Near $49 as OPEC Seen Discussing Output Ceiling
Wednesday, June 01, 2016 Oil closed near $49 a barrel in New York as OPEC delegates said the group would be discussing the reintroduction of output ceilings at upcoming meeting in Vienna.
Crude Oil Caps Longest Run of Monthly Advances in Five Years
Tuesday, May 31, 2016 Oil capped the longest run of monthly gains in five years as a spate of disruptions curb supply before OPEC meets Thursday to discuss production policy.
|Brent Crude Oil :||$44.87/BBL||0.33%|
|Light Crude Oil :||$42.92/BBL||0.48%|
|Natural Gas :||$2.71/MMBtu||1.09%|
|Updated in last 24 hours|