News Topics: Commodity Prices

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Oil Soars Over 10%, Biggest Gain in Six Years as Shorts Scramble
Thursday, August 27, 2015 Oil rockets up more than 10%, posts its biggest one-day rally in more than 6 years.

Oil Dips As Gasoline Build Offsets Big US Crude Draw
Wednesday, August 26, 2015 Oil prices fall almost 2% after a huge drawdown in US crude stockpiles was offset by a larger-than-expected build in gasoline and distillates.

Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.

Iran Says Will Reclaim Full Oil Market Share Post-Sanctions
Tuesday, August 25, 2015 Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, according to the country's oil minister Bijan Zanganeh.

Oil Recovers But Still Ends Near 6-1/2-Year Lows
Tuesday, August 25, 2015 Oil rose as much as 3% as oversold conditions brought some buyers back to the market.

Oil Tumbles Up To 6% To New Lows As China Fears Intensify Rout
Monday, August 24, 2015 Oil's weeks-long slump accelerates sharply with prices tumbling as much as 6% to fresh 6-1/2-year lows.

Oil Ends Down More Than 2% as US Drilling Points to Glut
Friday, August 21, 2015 U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2% lower.

Commodities Rout Erases $2T From Stock Values
Thursday, August 20, 2015 Commodity producers lose almost as much value in the past year as India’s entire economy, according to Bloomberg data.

Analyst: Oil Prices Will Remain Lower for Longer
Thursday, August 20, 2015 Oil prices will remain lower for longer as market fundamentals cast a bearish outlook on the market, according to a Rigzone data team analyst.

Report: Most Canada Oil Sands Crude Produced At A Loss
Thursday, August 20, 2015 More than three-quarters of Canada's daily output crude from oil sands is produced at a loss at current prices, say analysts at TD Securities.

Mexico Hedges 2016 Oil Exports at Average of $49 Per Barrel
Thursday, August 20, 2015 Mexican government hedges oil exports for next year at an average $49 a barrel, locking in protection against low crude prices, its Finance Ministry says.

US September crude ends higher, Brent slumps
Thursday, August 20, 2015 Expiring US crude prices settled higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.

US September Crude Ends Higher At Expiration, Brent Slumps
Thursday, August 20, 2015 Expiring US crude prices settle higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.

Saudi Riyal Forwards Hit As Cheap Oil Erodes Confidence
Thursday, August 20, 2015 Saudi Arabia's riyal falls in the markets as oil prices decline and Saudi equities fall.

US Crude Down 4% To Hit 6-1/2-Year Low On Surprise Stock Build
Wednesday, August 19, 2015 US crude oil slumps over 4 percent on Wednesday, hitting a 6-1/2-year low and almost breaking below $40 per barrel.

Oil Rises On US Data; Bets For Stockpile Drop
Tuesday, August 18, 2015 Oil rallied, with US crude settling up nearly 2%, after bullish economic data and bets for lower crude stockpiles in the US.

Oil Down 1%; US Crude Near 6-1/2 Year Low On Japan, China
Monday, August 17, 2015 Oil falls about 1%, with US crude settling within range of a new 6-1/2-year low.

US Crude Edges Up From 6-1/2-Year Low, Expiring Brent Dips
Friday, August 14, 2015 US crude oil edges higher after falling to a fresh 6-1/2-year low.

US Judge Upholds Gas Market Manipulation Charge Against BP
Thursday, August 13, 2015 A judge finds that BP manipulated the natural gas market as alleged by the US energy regulator, but does not address a proposed $28 million fine against the UK oil major or any other penalties.

US Oil Slides To 6-1/2 Year Low
Thursday, August 13, 2015 US oil prices tumble more than 3 percent to a 6-1/2-year low under $42 a barrel as data shows big rise in key US stockpiles intensify worries over a growing global glut.

Oil Steady On US Stockpile Decline, Dollar Weakness
Wednesday, August 12, 2015 Oil ends up as a weaker dollar and lower US crude stockpiles provide a modest bounce off 6-year lows hit the previous session.

US Crude Ends At 6-Year Low On China Yuan Devaluing, OPEC Data
Tuesday, August 11, 2015 US crude settles at a more than six-year low after China's currency devaluation raises questions about oil demand from the No.2 consumer.

Crude Oil Rebounds Along With US Gasoline, Weaker Dollar Helps
Monday, August 10, 2015 Oil jumps almost 4% after a rally in US gasoline and diesel due to a refinery outage helps crude futures advance from multi-month lows.

Oil Down, Heads For 6th Weekly Loss On Gasoline Glut
Friday, August 07, 2015 Crude oil dips, plumbing multi-month lows and heading for a sixth straight week of losses.

Oil At Multi-Month Lows; Hunt For New Bottom As Gasoline Piles Up
Thursday, August 06, 2015 Oil set multi-month lows as investors and traders sought clues about the market's next bottom after a large drop in US crude inventories failed to boost prices.

Oil Hits Multi-Month Lows On US Gasoline Build Worries
Wednesday, August 05, 2015 Oil prices hit multi-month lows after a surge in gasoline stockpiles in the United States as the summer season, the country's biggest demand period for motor fuels, neared its end.

Oil Climbs From Multi-Month Lows After China Equity Gains
Tuesday, August 04, 2015 Global crude prices advance from multi-month lows, helped by a stock market rally in No. 2 oil consumer China.

Oil Dives 5% To Six-Month Low Under $50 On China Worry
Monday, August 03, 2015 Oil prices lurch 5% lower to their lowest since January, taking global benchmark Brent below $50 a barrel.

Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
Friday, July 31, 2015 US crude posts its biggest monthly drop since the 2008 financial crisis.

Oil Dips As Robust Dollar Offsets Stock Drawdown
Thursday, July 30, 2015 Crude futures settle down, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in US stockpiles that was much steeper than expected.

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.

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.

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.

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.

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Brent Crude Oil : $47.56/BBL 10.24%
Light Crude Oil : $42.56/BBL 10.25%
Natural Gas : $2.63/MMBtu 2.23%
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