News Topics: Commodity Prices

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Commodity Weekly: OPEC's Announced Cut Extensions Fail To Buoy Markets
Friday, May 26, 2017 OPEC announcement to extend output cut an additional 9 months fails to convince oil markets - prices fall 5%.

Oil Plunges 5% On Disappointment With OPEC Cuts
Thursday, May 25, 2017 Oil prices tumbled 5% as the extension of output curbs by OPEC and other producing countries disappointed investors.

Wall Street Rises, Dollar Falls on Fed Minutes; Oil Retreats
Wednesday, May 24, 2017 Oil prices were lower after the Energy Information Administration said U.S. crude oil inventories fell for the seventh straight week.

Oil Settles Up Slightly On View OPEC Will Extend Output Cuts
Tuesday, May 23, 2017 Oil prices settled a bit higher as expectations of an extension to OPEC-led supply cuts overshadowed a White House proposal to sell half of US petroleum reserves.

Oil Rises To Month-High With Output Cut Extension Expected
Monday, May 22, 2017 Oil prices rose as growing confidence that top exporters would agree to extend supply curbs this week and speculation that the cuts could be deepened.

Oil At One-Month High, Supply-Cut Extension Expected
Friday, May 19, 2017 Oil prices rose on Friday, closing out a second week of gains.

Oil Rises, Increased Cut Cooperation Ahead Of OPEC Meeting
Thursday, May 18, 2017 Oil prices settled higher, as key producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.

Oil Rises On US Inventory Draw As OPEC Beckons
Wednesday, May 17, 2017 Oil prices settled at a two-week high after US crude inventories declined for the sixth straight week.

Oil Rally Stalls as Market Awaits Signs US Supply Glut Easing
Tuesday, May 16, 2017 Oil investors are taking a break as they await further signs that US oil inventories are falling.

Oil Rises 2 pct after Saudi and Russia Back Longer Supply Cut
Monday, May 15, 2017 Oil jumps 2 percent to its highest in more than three weeks, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018.

Oil Rally Fizzles as Focus Shifts to Output OPEC Can't Control
Friday, May 12, 2017 Oil's rebound ran out of steam as investors focus on all the production that OPEC can do nothing about.

Oil Gains On More Support For OPEC Cuts, Optimism About US Crude Draw
Thursday, May 11, 2017 Oil prices rose for a second day on Thursday, closing more than 1 percent higher.

Oil Jumps On Drop In US Crude Stocks, Possible OPEC Cut Extension
Wednesday, May 10, 2017 Oil prices rose more than 3%, bolstered by the biggest one-week drop in US inventories so far this year.

Oil Falls as Concern Grows over Battle of OPEC vs U.S. Shale
Tuesday, May 09, 2017 Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising U.S. dollar and increasing U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Oil Rebounds, As OPEC Talks Up Cutting Supply Into 2018
Monday, May 08, 2017 Oil prices rose in volatile trading, bolstered by statements from major oil-producing countries.

Mediterranean Diesel Diffs at 21-month High on Tight Supplies
Friday, May 05, 2017 A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.

Oil Rebounds On Saudi Assurances Russia Will Extend Supply Cuts
Friday, May 05, 2017 Oil prices closed 1.5% higher on Friday, rebounding from five-month lows.

Oil Tumbles Amid Oversupply Fears, Unlikelihood Of Deeper OPEC Cuts
Thursday, May 04, 2017 Oil prices plunged to five-month lows amid record trading volume in Brent crude.

In a Twist, Snow Is Keeping Natural Gas Prices Down in Texas
Thursday, May 04, 2017 Flows along Kinder Morgan Inc.'s El Paso pipeline, the main shipper of Texas gas to California, are down 28 percent since the start of the year.

Oil Settles Slightly Higher; Trading Volatile
Wednesday, May 03, 2017 Oil prices settles slightly higher after a choppy trading session as the market digests US government data.

Brent Crude Falls To 5-Month Low, Erases Gains Since OPEC Agreed To Cuts
Tuesday, May 02, 2017 Brent crude oil prices fall to its lowest level in over five months.

Oil Tumbles to One-Month Low as Libyan Crude Production Rebounds
Monday, May 01, 2017 Oil closed at the lowest in more than a month as Libyan output surged.

KPC CEO: Enormous Demand for Oil Forecasted in 2019-2020
Monday, May 01, 2017 KPC CEO predicts an "enormous demand" for oil in 2019-2020.

Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Monday, May 01, 2017 Saudi Arabia cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market.

Oil Up On More Optimistic Outlook On OPEC Cuts
Friday, April 28, 2017 Oil prices edged up on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year.

Russian Fuel Retailers Complain of Pre-election Price Cap
Friday, April 28, 2017 In a country where almost 40 percent of the population drives and whose vast size means road transport is often the only option, fuel prices are politically sensitive.

Commodity Weekly: Gasoline Demand Concerns Pressure Oil Prices
Friday, April 28, 2017 Gasoline demand concerns weigh on oil prices. Pressure grows for OPEC to extend production cuts past June.

Oil Prices Felled by Libyan Oil Restart and Weak Gasoline Demand
Thursday, April 27, 2017 Crude prices were slightly lower after a volatile session, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories.

Oil Prices Stable After Big Draw In US Crude Inventories
Wednesday, April 26, 2017 Oil prices rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories.

Oil Breaks Losing Streak Ahead Of US Inventory Data
Tuesday, April 25, 2017 Oil prices edged up in volatile trading, rebounding from six days of losses.

Oil Slips On OPEC Cut Extension Doubts, Russia Output Worries
Monday, April 24, 2017 Oil prices slip nearly 1%, extending last week's decline.

Oil Falls Below $50 as Surging US Output Undermines OPEC Cuts
Friday, April 21, 2017 Oil dropped below $50 a barrel as investors lost faith.

Commodity Weekly: OPEC Rhetoric Fails to Rouse the Bulls
Friday, April 21, 2017 Oil market faces further downside risk if OPEC does not extend output cuts. Cartel rhetoric staves off lower prices in the meantime.

Oil Prices Mixed In Choppy Trade, Rising US Production Weighs
Thursday, April 20, 2017 Oil prices ended mixed after a seesaw trading session.

Oil Slides 3.8% To 2-Week Low On US Gasoline Build
Wednesday, April 19, 2017 Oil fell to a two-week low, after a surprising build in US gasoline inventories and a rise in domestic crude output.

Oil Dips, Hits 11-Day Low As US Shale Output Seen Surging
Tuesday, April 18, 2017 Oil prices fell, touching their lowest in 11 days as bearish positions were fueled by a US government report.

Oil Edges Lower, Trade Thin As Some Cash In After 3-Week Rally
Monday, April 17, 2017 Crude oil prices slipped 1% in subdued trading after a long Easter holiday weekend.

Analysts Remain Bullish With $70 Oil By Year-End
Monday, April 17, 2017 Despite slow start to oil price growth in 2017, Raymond James says $70 WTI is on the horizon.

Oil Near Flat In Strong Week For Crude
Thursday, April 13, 2017 Oil prices were little changed in modest volume.

Oil Retreats as US Production Gain Offsets Stockpile Decline
Wednesday, April 12, 2017 Crude retreated for the first time in seven sessions after a government report showed US production climbed to the highest level in more than a year, offsetting data on declining stockpiles.

Oil Climbs After Reports That Saudi Arabia Wants Output Cuts Extended
Tuesday, April 11, 2017 Crude oil turned positive, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months.

BLOG: Brent Crude Value to Continue Rising in 2017
Tuesday, April 11, 2017 Rigzone readers outline where they think the Brent price will be by the end of 2017.

Oil Rises Toward $56 On Libyan Field Shutdown, Syria
Monday, April 10, 2017 Oil rose toward $56 a barrel, supported by another shutdown at Libya's largest oilfield over the weekend.

Oil Rises After US Missile Strike In Syria, Weekly Gain 3%
Friday, April 07, 2017 Oil prices rose, trading near a one-month high and closing the week up 3% after the United States fired missiles at a Syrian government air base.

Oil Prices Hit One-Month Highs As Buyers Stay Upbeat
Thursday, April 06, 2017 Oil prices rose by 1%, posting a fourth straight day of gains, but analysts remained cautious about record-high US crude inventories.

Oil Eases Off One-Month High On Surprise US Crude Build
Wednesday, April 05, 2017 Oil prices settled a shade firmer, easing from one-month highs.

Oil Rises, Near 1-Month High; US Crude Stocks Seen Down
Tuesday, April 04, 2017 Oil prices rose to a near one-month high, supported by an unplanned production outage in the North Sea and expectations of a drawdown in US crude and product inventories.

Oil Prices Fall as Libyan Production Recovery Weighs
Monday, April 03, 2017 Oil prices fall as a rebound in Libyan oil output weighed against upbeat economic data from Asia that pointed to strong energy demand from the region.

Oil Retreats, Set to Become 1Q's Worst-Performing Asset
Friday, March 31, 2017 Oil prices fall after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut.

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Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
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