Commodity Prices News

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Crude Oil Edges Upward
Monday, February 18, 2019 Both the WTI and Brent crude oil benchmarks posted gains.

Oil Optimists Look Ready to Take Driver's Seat
Monday, February 18, 2019 Oil optimists look like they're finally ready to take the driver's seat in crude's rebound.

Oil Trades Near Highest Level Since November
Monday, February 18, 2019 Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world's largest offshore field signaled tightening supply.

Crude Oil Up More Than 5% for the Week
Friday, February 15, 2019 A Russian pledge and a Saudi outage provided support for crude.

Oil Poised for Weekly Gain
Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month.

Crude Oil Up for Third Straight Day
Thursday, February 14, 2019 Production curbs in Canada and OPEC countries, along with US sanctions on Venezuela, are factors.

Oil Crash Is Over But Debt Is Still Growing in Gulf
Thursday, February 14, 2019 The oil crash came and went but the debt pile it left across the Gulf is still growing.

Global Oil Prices Turn Topsy-Turvy
Thursday, February 14, 2019 Some of the world's dirtiest and densest crudes traditionally spurned for being too difficult to process are having a moment in the sun.

Crude Oil Ends Day Higher
Wednesday, February 13, 2019 Natural gas didn't add to its three-day winning streak, though.

Oil Extends Gain
Wednesday, February 13, 2019 Oil climbed for a 2nd day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.

WTI Trades Above $54
Tuesday, February 12, 2019 Crude oil, gasoline and natural gas prices finished higher Tuesday.

Oil Holds Below $53
Tuesday, February 12, 2019 Oil held under $53 a barrel as a tentative deal to avoid another growth-killing U.S. government shutdown was offset by the prospect of rising American crude inventories.

Crude Oil Ends Day Lower
Monday, February 11, 2019 Both the WTI and Brent contracts settled lower Monday.

Will Oil Ever Hit $100 Again?
Monday, February 11, 2019 Rigzone asks industry experts whether the price of oil will ever reach $100 per barrel again.

Brent Probably Trading Between $74-$84 by Year-End
Monday, February 11, 2019 By year-end, Brent will probably trade somewhere between $74 and $84 per barrel, according to Fat Prophets.

Oil Keeps Falling on Growth Fear
Monday, February 11, 2019 Oil fell toward the lowest level in almost 2 weeks as global growth concerns continued to damp the demand outlook.

Crude Oil Reverses Course
Friday, February 08, 2019 Oil prices changed direction this past week.

Bill Allowing US to Sue OPEC Moves Forward
Friday, February 08, 2019 Legislation that would allow the US government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress.

Crude Oil Down on Trade Deal Talk
Thursday, February 07, 2019 A downbeat assessment of US-China trade negotiations put downward pressure on the crude oil market Thursday.

Trump Aide Trade Comment Stymies Crude Oil
Thursday, February 07, 2019 A White House advisor's remarks about the progress of U.S.-China trade talks added to economic jitters.

Big Oil Proves Crude Price Is Just a Number
Thursday, February 07, 2019 The crude market had its worst quarter in 4 years but you wouldn't be able to tell by looking at Big Oil's stellar earnings numbers.

Oil Resumes Drop
Thursday, February 07, 2019 Oil resumed its drop as rising U.S. production and concern over the global economic outlook countered a decline in American fuel inventories.

WTI Settles Above $54
Wednesday, February 06, 2019 Brent futures ended the day higher as well.

Suncor Sees Alberta Oil Cuts Ending Early
Wednesday, February 06, 2019 Suncor CEO Steve Williams says he expects Alberta's mandated oil-production cuts to end earlier than planned.

$80 Brent Acceptable for All
Wednesday, February 06, 2019 $80 per barrel Brent is an acceptable level for all to live with, according to Al Dhabi Capital Ltd.

Oil Extends Loss
Wednesday, February 06, 2019 Oil extends losses below $54 a barrel on signs of a weakening economy and an industry report pointing to rising U.S. crude inventories.

Crude Oil Not Cleared for Takeoff
Tuesday, February 05, 2019 What's the proverbial Achilles heel of the oil market?

Oil Halts Drop
Tuesday, February 05, 2019 Oil halted a decline as traders weighed output cuts from the OPEC producer group and its partners against expectations for rising U.S. crude inventories.

Crude Oil Loses Momentum
Monday, February 04, 2019 Oil futures got off to a good start Monday, but their momentum tapered off.

Oil Has Short-Sellers on the Run
Monday, February 04, 2019 Oil's rally is driving doubters out of the market, with hedge funds abandoning more than half of their short-selling bets in just 4 weeks.

Oil Holds Gains
Monday, February 04, 2019 Oil held gains near a 2-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.

Crude Oil Up for the Week
Friday, February 01, 2019 Both the WTI and Brent have hit levels not seen in several weeks.

Oil Holds Below $54
Friday, February 01, 2019 Oil held below $54 a barrel after its best January on record.

Crude Oil Futures Mixed
Thursday, January 31, 2019 The WTI declined but the Brent gained some ground.

Trump's Price Policies Hurting US Shale Activity
Thursday, January 31, 2019 Recent WTI declines were sparked by record output from Saudi Arabia and Russia, a response to rising oil prices and encouragement from the President.

Oil Finishing Best Month Since 2015 Strongly
Thursday, January 31, 2019 Data shows the OPEC+ coalition's output cuts are starting to kick in and a more dovish Federal Reserve has boosted markets and improved the growth outlook.

WTI Nears the $55 Mark
Wednesday, January 30, 2019 WTI gained 92 cents during the midweek session while Brent posted a more modest increase.

Trump May Soon Need to Choose between Battling OPEC Nations and Cheap Oil
Wednesday, January 30, 2019 President Donald Trump may soon need to choose between two recurring fixations: battling OPEC nations, and cheap oil.

Venezuela Sanctions Will be Weaker Than Expected
Wednesday, January 30, 2019 The U.S. sanctions against PDVSA will deal a meaningful blow to the Maduro administration's cashflow, but the effects will not be as harsh as the United States expects, according to Rystad Energy.

Oil Holds Biggest Gain in More Than a Week
Wednesday, January 30, 2019 Oil held its biggest gain in more than a week as investors assessed the impact of US sanctions against Venezuela while waiting for the outcome of trade talks between Washington and Beijing.

Oil Surges as US Signals Trade Thaw
Tuesday, January 29, 2019 Oil prices jumped higher after US Treasury Secretary Steven Mnuchin signaled a truce is possible in the trade war with China.

Crude Oil Starts Down for the Week
Monday, January 28, 2019 Henry Hub price falls below $3-mark despite frigid US temps.

Oil Unlikely to Escape $60-70/bbl Prices in 2019
Monday, January 28, 2019 Wall Street forecasts of spikes and dives will follow as usual, but the market appears in no mood for a substantial bearish or bullish turn.

Oil Snaps 3-Day Rally
Monday, January 28, 2019 Oil fell to near $53 a barrel as America's rig count rose for the first time this year.

Crude Oil Edges Dips for the Week
Friday, January 25, 2019 The WTI and Brent rose during Friday's trading.

$90 Oil More Likely Than $40 Oil
Friday, January 25, 2019 $90 per barrel oil is more likely than $40 per barrel oil, according to Majid Jafar, CEO of Cresent Petroleum.

Oil Advances for 3rd Day
Friday, January 25, 2019 Oil rose for a 3rd day as a deepening crisis in Venezuela that threatens to complicate OPEC's task of balancing world oil supplies outweighed a surprise jump in U.S. crude inventories.

WTI Settles Above $53
Thursday, January 24, 2019 The WTI and Brent posted mixed results.

WoodMac Forecasts 2019 Oil Price
Thursday, January 24, 2019 Wood Mackenzie forecasts the average price of Brent in 2019.

Oil Slides Below $53
Thursday, January 24, 2019 Oil slid below $53 a barrel as a darkening outlook for the global economy and signs of rising U.S. inventories overshadowed the risk of American sanctions on OPEC member Venezuela's crude.