News Topics: Commodity Prices

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Oil Prices Fall off Larger than Expected Rise in Crude Inventories
Wednesday, August 24, 2016 Oil prices fall immediately following the release of the EIA's Weekly Petroleum Status Report.

Oil Up On Iran Talk; Stockpile Build Cited By API Surprises
Tuesday, August 23, 2016 Oil prices rise after Reuters reports Iran was sending positive signals that it may support joint OPEC action to prop up the market.

Oil Down 3 Pct as Rally Snaps on Rising Crude, China Fuel Exports
Monday, August 22, 2016 Oil settles down more than 3 percent, retreating from last week's two-month highs, on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count.

Oil Posts Strong Weekly Gains; Analysts Say Rally Unjustified
Friday, August 19, 2016 Oil prices settled steady to higher, with US crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks.

Oil Rises; Brent Over $50/bbl On OPEC Freeze Talk, Weaker Dollar
Thursday, August 18, 2016 Oil prices rise for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks.

Oil Prices Rise Modestly off Lower Inventory Numbers
Wednesday, August 17, 2016 Oil prices rose immediately following the release of the EIA's Weekly Petroleum Status Report.

Oil At 5-Week High As OPEC Sources, Russia, Talk Of Cooperation
Tuesday, August 16, 2016 Oil settles up nearly 2%, hitting five-week highs for a second straight day.

Oil Extends Rally To 5-Week Highs On Talk Of Producer Action
Monday, August 15, 2016 Oil prices hit five-week highs, gaining 10% or more in a three-day rally.

Oil Up 2% On Short Covering, Hope For Producer Action
Friday, August 12, 2016 Oil rose about 2%, clinching its biggest weekly gains since April.

Oil Surges 4%, Helping Wall St Hit Record Peaks
Thursday, August 11, 2016 Stocks in the United States and Europe raced higher helped by encouraging corporate reports and a 4% surge in oil prices.

Oil Prices Fall Despite Large Drawdown in Gasoline Inventories
Wednesday, August 10, 2016 Despite a larger than expected draw in gasoline stocks, oil prices fell after the release of an EIA Weekly Petroleum Status Report.

Oil Down 1% As Global Glut Offsets US Crude Draw Forecast
Tuesday, August 09, 2016 Oil futures settle 1% lower as worries about a stubborn global petroleum glut offset forecasts for a weekly drop in US crude inventories.

Oil Jumps On OPEC Hopes; Dollar Firms Vs Yen
Monday, August 08, 2016 The US dollar rallies against the yen amid firming bets for a US interest rate hike late this year.

Crude Prices to Edge Up in Near Future
Monday, August 08, 2016 Crude oil prices will shift higher in the near future, says energy advisory firm FirstEnergy Capital, after dropping from over $50 per barrel in June to $42.34 per barrel at the time of writing.

Oil Down Modestly; Late Short-Covering Limits Dollar Impact
Friday, August 05, 2016 Crude oil prices end little changed as short-covering returned in late trading.

Oil Jumps 3% As Short-Covering Pushes US Crude Firmly Over $40
Thursday, August 04, 2016 Oil prices rise nearly 3%, with US crude advancing firmly above the $40-per-barrel mark.

Oil Prices Gain on Surprisingly Large Decrease to Gasoline Inventories
Wednesday, August 03, 2016 After US crude settled below the $40 per barrel level Tuesday (the first time since April 2016), oil prices gained lost ground Wednesday off the back of better than expected gasoline inventory data from the EIA.

Oil Falls, US Crude Ends Below $40 On Nagging Glut Worry
Tuesday, August 02, 2016 Oil prices fall again, erasing early gains and dragging US crude below $40 a barrel.

US Crude Breaks Below $40 as Oil Ends Down 4% on Glut
Monday, August 01, 2016 US crude tumbled below $40 per barrel on Monday for the first time since April, as oil prices settled down nearly 4 percent on heightened worries of a crude glut despite peak summer fuel demand.

Oil Ends July with Worst Monthly Loss for WTI in a Year
Friday, July 29, 2016 Oil prices steadied after touching three-month lows amid a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persistent glut.

Oil Falls to Three-Month Low After Surprise US Stockpile Gain
Thursday, July 28, 2016 Oil fell to a three-month low, edging closer to a bear market, after US crude supplies unexpectedly rose from what was already the highest seasonal level in at least two decades.

Oil Prices Fall on Unexpected Build to Crude Stocks, Looming Product Glut
Wednesday, July 27, 2016 Oil prices continue to slide off the marketís belief that a global glut in gasoline has displaced the oversupply of crude, which had depressed oil prices since July 2014.

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.


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Brent Crude Oil : $49.05/BBL 1.82%
Light Crude Oil : $46.77/BBL 2.76%
Natural Gas : $2.8/MMBtu 1.44%
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