Commodity Prices News


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Oil Stays Below $52
Thursday, December 13, 2018 Oil traded below $52 a barrel after U.S. crude inventories slid less than expected and added to concerns that the OPEC+ coalition's output cuts won't be enough to avert a supply glut.

OPEC Deal Solid Step in Right Direction
Wednesday, December 12, 2018 The OPEC deal was a solid step in the correct direction, according to Genscape.

Oil Extends Gain
Wednesday, December 12, 2018 Oil extended an advance after a U.S. industry report signaled a bigger than expected draw in nationwide crude inventories and as trade tensions eased between the world's two largest economies.

Oil and Gas Futures Edge Downward
Wednesday, December 12, 2018 Oil and natural gas futures ended the day lower during midweek trading.

Oil Holds Drop
Tuesday, December 11, 2018 Oil held its biggest loss in 2 weeks.

Biggest Negative Risk for Oil Price
Tuesday, December 11, 2018 The biggest negative risk for the price of oil after the OPEC+ decision is a larger slowdown in the world economy.

Crude Oil Ends the Day Higher
Tuesday, December 11, 2018 Both the WTI and Brent posted gains Tuesday.

Oil Extends Gain
Monday, December 10, 2018 Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.

Oil Prices Settle Lower
Monday, December 10, 2018 Crude oil futures start the week on a lackluster note.

Loews CEO Tisch Eyes $75 Oil in Two Years
Monday, December 10, 2018 The head of one US conglomerate is eyeing a rebound that'll bring crude back to $75 a barrel.

Oil Extends Losses
Friday, December 07, 2018 Oil extended losses near $51 a barrel after OPEC ended talks without a deal on production curbs.

OPEC Goes Back into Crunch Talks
Friday, December 07, 2018 OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal.

Reversing the Bearish Price Sentiment
Friday, December 07, 2018 Jefferies says reversing the overwhelmingly bearish price sentiment will likely require a credible and cohesive message from the OPEC meeting.

Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.

OPEC Agrees Larger Than Expected Oil Cut
Friday, December 07, 2018 OPEC finally broke an impasse over production curbs, agreeing on a larger than expected cut with allies after 2 days of fractious negotiations in Vienna.

Crude Oil Up for the Week
Friday, December 07, 2018 Crude futures rose amid a 'plethora of conflicting market signals.'

Oil Seesaws
Thursday, December 06, 2018 Oil veers between gains and losses.

OPEC Talks End Without Oil-Cuts Deal
Thursday, December 06, 2018 OPEC ended talks in Vienna without a deal on oil production cuts as the size of Russia's contribution remained a sticking point before further talks.

What OPEC+ Must Do for Oil to go Above $70 in 2019
Thursday, December 06, 2018 Rystad Energy outlines what OPEC+ must do for oil to climb above $70 per barrel next year.

Crude Oil Down on OPEC+ and More
Thursday, December 06, 2018 Crude oil futures declined amid ongoing uncertainty regarding what action the OPEC+ group will take to bolster the oil market.

Oil Halts Advance
Wednesday, December 05, 2018 Oil retreated after the biggest 2-day gain since June.

OPEC Created A Mess
Wednesday, December 05, 2018 The Organization of Petroleum Exporting Countries created a mess, according to FGE founder and chairman Fereidun Fesharaki.

OPEC+ Recommends Oil Cuts, Defying Trump's Twitter Plea
Wednesday, December 05, 2018 Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea.

WTI Trades Above $54
Wednesday, December 05, 2018 Crude prices declined as OPEC+ members gathered in Vienna to determine whether to reduce production and by how much.

Oil Rides Biggest 2-Day Gain Since June
Tuesday, December 04, 2018 Oil headed for its biggest 2-day advance since June as concerns over a supply glut eased.

Crude Oil Uptick Continues
Tuesday, December 04, 2018 Crude prices posted more day-on-day gains as players in the oil market anticipate the Dec. 6 meeting in Vienna of OPEC and non-OPEC member nations.

Oil Jumps Most Since June
Monday, December 03, 2018 Oil was jolted higher by efforts across the globe to support prices.

Russia and Saudi Arabia Will Extend OPEC+ Oil Pact
Monday, December 03, 2018 Russia and Saudi Arabia agree to extend into 2019 their deal to manage the oil market.

Analysts Outline Most Likely OPEC Meeting Scenario
Monday, December 03, 2018 Just over 800,000 barrels per day will be removed from the market, according to Fitch Solutions Macro Research's most likely OPEC meeting scenario.

Canada's Plan to Cut Oil Output Boosts Crude, Stocks
Monday, December 03, 2018 Alberta's announcement that it will cut oil production next year to bolster prices sent crude soaring and boosted shares of Canadian producers.

Volatile Prices Ahead?
Monday, December 03, 2018 Crude prices have suffered their steepest and fastest fall in a decade.

Crude Oil Starts Week on Bullish Note
Monday, December 03, 2018 Bullish sentiment prevailed in oil markets Monday.

Oil Poised for Worst Month in 10 Years
Friday, November 30, 2018 Oil's on track for its worst month in a decade on growing fears over a global supply glut that's been exacerbated by American waivers to Iranian crude buyers.

Oil Market Hinges on Saudi Dilemma
Friday, November 30, 2018 The choice facing Saudi Arabia at next week's OPEC meeting is dramatic.

Production Cut Deal Expected at G20
Friday, November 30, 2018 A deal on cutting production will be made at the G20 summit in Argentina, according to KPMG.

Crude Oil Avoids Massive Sell-off for Week
Friday, November 30, 2018 The January WTI contract price lost 52 cents Friday to settle at $50.93 a barrel.

Oil Falls Below $50 for First Time in Over a Year
Thursday, November 29, 2018 Oil crashed below $50 a barrel for the first time in more than a year as Russia signaled little urgency to commit to supply cuts.

Market Will Tighten Up Again into 1Q
Thursday, November 29, 2018 UBS Wealth Management believes the market will tighten up again into the first quarter of next year.

Crude Oil Recovers After Going Sub-$50
Thursday, November 29, 2018 January WTI crude oil futures fell below the $50 mark Thursday, reaching an intraday low of $49.41.

Oil Rises
Wednesday, November 28, 2018 Oil climbed as the Trump administration signaled optimism a trade deal may be reached with China and an industry report indicated robust U.S' fuel demand.

Crude Oil Slips but Gas Surges
Wednesday, November 28, 2018 At one point Wednesday, the January WTI crude oil price was just 7 cents above the $50 mark.

Crude Sputters on Supply Outlook and Trade Woes
Tuesday, November 27, 2018 Oil closed a volatile day back in negative territory.

Analysts Revise Oil Price Forecasts to 2022
Tuesday, November 27, 2018 Analysts at Fitch Solutions Macro Research revise their oil price forecasts to 2022 in a new report.

Oil Halts Slide Near $51
Monday, November 26, 2018 Oil traded near $51 a barrel on concerns record output by Saudi Arabia will exacerbate a supply glut as President Donald Trump continues to call for lower prices.

Oil Bulls Flee
Monday, November 26, 2018 Hedge funds haven't been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost 3 years ago.

Oil Price Weakness Dubbed Dramatic
Monday, November 26, 2018 The recent weakness in the oil price seems dramatic, according to Cantor Fitzgerald Europe.

Crude Oil Gets Cyber Monday Boost
Monday, November 26, 2018 Promising early results from Cyber Monday holiday retail sales helped crude oil futures to finish higher.

Perfect Storm Has Hit the Oil Market
Friday, November 23, 2018 The perfect storm has hit the oil market, according to IHS Markit.

Trump Pushes for Lower Oil Prices
Thursday, November 22, 2018 U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday.

Brent Will Recover Towards Year-End
Wednesday, November 21, 2018 Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.