Commodity Prices News

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Crude Oil Down for the Week
Friday, October 12, 2018 The price of a barrel of West Texas Intermediate (WTI) crude oil for November delivery gained 37 cents Friday, settling at $71.34.

Gas Deliveries Resuming as Cold Descends on British Columbia
Friday, October 12, 2018 High-rise apartment buildings, factories and other industrial customers in western Canada are receiving natural gas again, three days after an Enbridge pipeline explosion deliveries.

Oil Pares Weekly Loss
Friday, October 12, 2018 Oil pared a weekly loss as investor focus shifted from broader market turmoil and returned to looming shortages from Iran's dwindling exports.

WTI Crude Oil Falls 3%
Thursday, October 11, 2018 The bears reigned in crude oil markets Thursday.

China Swoops in on Canadian Oil That's $50 Below US Crude
Thursday, October 11, 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific.

Oil Set for Worst 2-Day Drop Since July
Thursday, October 11, 2018 Oil headed for the biggest 2-day drop since July, with fuels from diesel to gasoline also declining as fears over a worsening trade war rattled markets across the board.

Oil Prices Settle Lower
Wednesday, October 10, 2018 Crude oil prices lost some of their recent upward momentum Wednesday.

Gasoline Prices Surge in Northwest After Canada Gas-Pipe Rupture
Wednesday, October 10, 2018 A natural gas pipeline rupture in British Columbia is forcing refineries in Washington to cut output.

Oil Price to be Highly Volatile Going Forward
Wednesday, October 10, 2018 A model that has 'correctly predicted the oil price increase seen over the last months' now shows that the oil price will be 'highly volatile' going forward, according to Rystad Energy.

Oil Over $74 on Concerns Storm May Worsen Supply Risk
Wednesday, October 10, 2018 Oil traded above $74 a barrel on concerns Hurricane Michael in the US may exacerbate a supply crunch.

Crude Prices Get Bump from Iran and Michael
Tuesday, October 09, 2018 A weakening Iranian export position and a strengthening hurricane were two of the global developments supporting bullish trading Tuesday.

Alberta Eyes Help for Energy Industry in Canadian Crude Rout
Tuesday, October 09, 2018 Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources.

Oil Climbs as Storm Halts Output
Tuesday, October 09, 2018 Crude traded near $75 a barrel as storm Michael in the US strengthened and shut some oil output.

Crude Touches One-Week Low as Iranian Shortage Fears Are Eased
Monday, October 08, 2018 Oil slipped to a one-week low amid signs that Iranian supply disruptions may not be as severe as expected.

Saudi-Russian Cooperation Marks New World Order For Oil
Monday, October 08, 2018 OPEC+ with Saudi-Russian cooperation will retain its hold on global oil supply and continue to reshape the world order for oil.

Crude Oil Futures Down for the Week
Friday, October 05, 2018 The stage could be set for lower prices ahead.

Canadian Crude Hits Record Low
Friday, October 05, 2018 Canadian crude plunged to a record low relative to US crude.

Oil Poised for Fourth Weekly Gain
Friday, October 05, 2018 Oil headed for the longest run of weekly gains since the start of 2018.

Crude Oil Falls on Russia-Saudi Output Deal
Thursday, October 04, 2018 Both the WTI and Brent lost momentum Thursday.

Oil Halts Gain Near 4-Year High
Thursday, October 04, 2018 Oil halted gains on emerging concerns prices have rallied too fast.

Oil Bulls Continue Stampede
Wednesday, October 03, 2018 The bull market for crude oil picked up steam Wednesday as the WTI and Brent futures prices posted impressive gains.

$100 Oil By Christmas?
Wednesday, October 03, 2018 A cocktail of factors could see oil go as high as $100 a barrel by Christmas.

Canadian Oil Pain Grows as Crude Discount to WTI Hits $40
Wednesday, October 03, 2018 Canadian heavy crude's discount to West Texas Intermediate futures increased to the widest in almost five years.

Oil Steadies Near 4-Year High
Wednesday, October 03, 2018 Oil steadied near the highest level in almost 4 years as supply crunch fears outweighed expectations for an increase in American crude inventories.

Crude Benchmark Nears $85
Tuesday, October 02, 2018 Although crude oil prices settle lower, bullish sentiment continues.

Oil Hovers at 4-Year High
Tuesday, October 02, 2018 Oil extended gains near the highest level in almost 4 years as investors grapple with doubts over OPEC's ability to replace falling exports from Iran.

Oil Surges to Highest Since 2014 as Global Supply Concerns Mount
Monday, October 01, 2018 Oil jumped to the highest level in nearly four years as a slowdown in American drilling added to concern over supply losses from Iran and Venezuela.

Oil on Biggest Tear in Decade as Global Supply Cushion Vanishes
Friday, September 28, 2018 Oil posts the longest string of quarterly gains in more than a decade.

Oil's Leap Toward $100 Softens the Blow of Russia Sanctions
Friday, September 28, 2018 As US lawmakers mull a new round of 'crippling' sanctions, some traders are predicting the price of Russia's main export will hit $100 a barrel for the first time since 2014.

Oil Futures Get Bump from Iran Supply Outlook
Thursday, September 27, 2018 Traders contemplated the removal of Iranian oil supplies from the world market.

Total Sees $100 Oil Coming
Thursday, September 27, 2018 Total is among a growing chorus that sees $100 oil on the horizon, but the French energy giant isn't thrilled about it.

Oil Surges on Prospects of Supply Crunch
Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves.

Crude Hiccups But Still Breaks On Through to the Upside
Wednesday, September 26, 2018 Despite the midweek upset, the WTI and Brent remain above a months-long range.

Popular WTI Crude Options Gaining Global Appeal
Wednesday, September 26, 2018 CME Group has found that options for NYMEX WTI Light Sweet Crude Oil futures have been very popular this year among traders from outside the US during non-US trading hours.

After Twitter Fail, Trump's Next Avenue Is US Oil Reserve
Wednesday, September 26, 2018 After failing to cajole OPEC to pump more and lower oil prices, US President Trump could pursue a more direct route.

Oil Falters as Trump Ups Pressure
Wednesday, September 26, 2018 Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC.

Oil Futures Near Four-year High
Tuesday, September 25, 2018 Crude approached a four-year high after OPEC signaled it may not replace Iranian oil that's disappearing from global markets as U.S. sanctions loom.

Oil Advances as Traders Turn Bullish
Tuesday, September 25, 2018 Oil extends gains near the highest level in almost 4 years.

WTI, Brent Gain at Cusp of Tight Market
Monday, September 24, 2018 "The market is starting to realize that strong global demand and the lack of spare production capacity is going to lead to one of the tightest markets we've seen in a long time," said one analyst.

Return of $100 Oil Seen by Top Traders
Monday, September 24, 2018 Major oil trading houses are predicting the return of $100 crude for the first time since 2014.

Oil Rises as Supples Wane at America's Key Inland Storage Site
Friday, September 21, 2018 Oil climbed in New York as the supplies stowed at the biggest US storage hub dwindled.

Trump's Blow to Iranian Oil Sparks Curious Price Divergence
Friday, September 21, 2018 The relationship between two major oil benchmarks is charting an unexpected course.

Crude Oil and Gasoline Tumble in Twitterverse Tizzy
Thursday, September 20, 2018 Just one of the four commodity benchmarks Rigzone tracks was unfazed by a tizzy in the Twitterverse.

Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.

Trump Presses OPEC to Reduce Prices as Crude Trades Near $80
Thursday, September 20, 2018 US President Donald Trump resumes his criticism of OPEC, saying on Twitter that the cartel 'must get prices down now!'

WTI Passes $71 Mark on Crude Stocks Draw
Wednesday, September 19, 2018 WTI crude oil benchmark rose by nearly 2%.

Oil Near Week's High as Supply Data Tempers Saudi View on Prices
Wednesday, September 19, 2018 Brent oil held near the highest level in a week as investors weighed a potential gain in US crude stockpiles against Saudi Arabia's comfort with prices rising above $80 a barrel.

WTI Up 1.4 Percent But Stays Sideways
Tuesday, September 18, 2018 West Texas Intermediate benchmark continues trend.

Oil Rises as Saudis Said to Be Content with Prices Over $80
Tuesday, September 18, 2018 Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel.

Crude See-Saws as Supply Crunch Muted by Impending Demand Drop
Monday, September 17, 2018 Oil capped recent gains as international supply concerns were overshadowed by a looming demand drop.