Commodity Prices News

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Crude Slips as Worries Soften Over North Sea Oil Pipeline Crack
Tuesday, December 12, 2017 Fears subsided that a hairline crack in one of the world's most important oil pipelines would cause a major supply disruption.

Brent Reaches Highest Since 2015 After Forties Pipeline Shutdown
Monday, December 11, 2017 Brent crude jumps to its highest since June 2015 as a key North Sea pipeline shut down.

Britain's Biggest Oil Pipeline Shut 'For Weeks' For Repairs
Monday, December 11, 2017 Britain's largest oil pipeline could shut down for weeks for unscheduled repair work.

Oil Rises Nearly 2% On China Demand, But Weekly Losses Loom
Friday, December 08, 2017 Oil prices rose almost 2%, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.

Crude Oil Inches Back Up Amid Dearth of Negative Data Points
Thursday, December 07, 2017 The bad news bears took a deep breath on a day when there was no price-rattling data to agonize over and oil inched up as a result.

Crude Drops in Face of Gasoline Hoard Traders 'Can't Hide From'
Wednesday, December 06, 2017 Oil had its worse day in two months.

JPMorgan Calls $60/Bbl Magic Number for New Shale Surge
Wednesday, December 06, 2017 For America's shale drillers, the tipping point to boost production looks to be $60 a barrel.

Oil Climbs as OPEC Tightening Dovetails With US Supply Drop
Tuesday, December 05, 2017 Crude rose as lower OPEC production and signs of shrinking US oil inventories bolstered expectations for an end to the global surplus.

Oil Eases 1 pct on Profit-Taking as U.S. Output Eyed
Monday, December 04, 2017 Oil falls more than 1 percent on profit-taking as the market eyed signs of rising U.S. production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts.

Oil Settles Up But Off Highs As Flynn News Spooks Wall St
Friday, December 01, 2017 Oil prices settled up slightly on Friday, but came off session highs.

Oil Rises As OPEC Extends Cuts To End Of 2018
Thursday, November 30, 2017 Oil rose after OPEC and non-OPEC producers led by Russia agreed to extend output cuts until the end of 2018.

Oil Drops For Third Day, Awaiting OPEC Decision
Wednesday, November 29, 2017 Oil prices dipped in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC's meeting.

Beware of the Dip: Oil Prices Could Go Lower
Wednesday, November 29, 2017 Without high geopolitical risk or an actual supply reduction, oil prices have a downside risk.

Oil Slips as Industry Report Said to Show Surprise Storage Build
Tuesday, November 28, 2017 Oil extended its drop after an industry report was said to show a surprise increase in US crude stockpiles.

Oil Slips From Two-Year High as Doubts Over OPEC Meeting Linger
Monday, November 27, 2017 A rising U.S. rig count and continuing uncertainty over OPEC's strategy to extend supply cuts pushed oil prices lower following a week in which they hit their highest close in more than two years.

US Crude Settles At 2-Year High After Pipeline Disruption
Wednesday, November 22, 2017 Oil settles at a two-year high.

Oil Rises Ahead Of OPEC Meeting, Capped By Rising US Output
Tuesday, November 21, 2017 Oil edged up, supported by expectations that OPEC and other producing countries next week would extend output cuts.

Oil Eases As Traders, Investors Grow Edgy Ahead Of OPEC
Monday, November 20, 2017 Oil prices fell 0.8%, extending recent weakness ahead of next week's OPEC meeting.

Oil Rises Over 2%, But Shows First Weekly Fall In Six
Friday, November 17, 2017 Oil rebounded more than 2% on Friday after falling for five straight sessions.

Oil Extends Losing Streak On US Oversupply Worries
Thursday, November 16, 2017 Oil prices ended lower again on increased concerns about growth in US production and inventories.

Shale King Hamm Wants to Give Oil Forecasters a Reality Check
Thursday, November 16, 2017 Hamm blames overly optimistic government production predictions for depressing US oil prices.

Oil Prices Settle Lower After US Crude Stocks Rise
Wednesday, November 15, 2017 Oil prices dropped after the US government reported an unexpected increase in crude and gasoline stockpiles.

Oil Falls on Rising US Output, Global Demand Concern
Tuesday, November 14, 2017 Oil prices fall for a third day in a row on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).

Oil Steady Near Two-Year Highs, US Supply Increase Caps Rise
Monday, November 13, 2017 Oil prices held steady in a tight range Monday after briefly testing lower.

Oil Prices Slide After US Drillers Add Rigs
Friday, November 10, 2017 Crude was down slightly as expectations that OPEC and other producers will extend their production cut agreement were offset.

Oil Prices Rise On Supply Cuts And Political Tensions In Saudi Arabia
Thursday, November 09, 2017 Oil prices rose nearly 1%, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.

Oil Settles Lower As US Crude Output Up, China Imports Down
Wednesday, November 08, 2017 Oil prices settled slightly lower after US government data showed rising domestic crude production.

Oil Eases From 2-1/2 Year Highs, Focus On Saudi Tensions
Tuesday, November 07, 2017 Oil settles lower after rising to the highest since July 2015 the previous day.

Oil Pierces Two-Year High as Saudi Roundup Rattles Markets
Monday, November 06, 2017 Oil prices have climbed by $15 from their nadir this year to breach $57 a barrel on Monday.

US Crude Touches Two-Year High after Rig Count Drops
Friday, November 03, 2017 Oil prices rise, with U.S. crude touching a two-year high, strengthening after U.S. rig data suggested drilling in the United States would throttle back.

Oil Edges Up To Near 2-Year Highs As Market Tightens
Thursday, November 02, 2017 Oil prices edged up, steadying near two-year highs as the outlook remained upbeat.

Oil Slips, Erases Gains As US Crude Draw Shy Of API Report
Wednesday, November 01, 2017 Oil prices dipped in see-saw trade, hitting their highest in more than two years and then retreating.

Oil Up Near 2-Year Highs, Analysts See More US Crude Exports
Tuesday, October 31, 2017 Oil prices settled higher again, notching a monthly gain of more than 5%.

Oil Extends Two-Year High as Saudis, Russia Back Prolonged Cuts
Monday, October 30, 2017 The global benchmark rose 0.8 percent, and West Texas Intermediate gained 0.5 percent, though both crudes pulled back from Monday's highs.

Upside Outlook Emerging: WTI Will Sustain $60/bbl Or More
Monday, October 30, 2017 WTI oil prices are likely to remain relatively stable around $53/bbl into mid-2018.

Oil Up 2%, Brent Hits $60/Bbl On Support For Extending Curbs
Friday, October 27, 2017 Oil prices jump about 2%, with global benchmark Brent crude rising above $60 per barrel.

Brent Oil Hits 27-Month High On Saudi Talk Of Extending Supply Cuts
Thursday, October 26, 2017 Brent crude closes at a 27-month high.

US Crude Slips On Inventory Build, Gasoline Rallies
Wednesday, October 25, 2017 US oil prices slip after a surprising increase in US crude inventories.

Oil Up 1% On Saudi Comments, Forecast Of US Inventory Drop
Tuesday, October 24, 2017 Oil Up 1% On Saudi Comments, Forecast Of US Inventory Drop

Oil Steady, Supported By Iraq Disruptions And Drop In US Rigs
Monday, October 23, 2017 Oil prices were little changed as supply disruptions in Iraq dented exports by OPEC's second-largest producer and US drilling rates showed a slowdown.

Kemp: Oil Prices Creep Upward As Traders Test Higher Range
Monday, October 23, 2017 Hedge fund managers continue to hold large bullish positions in crude and fuels.

Oil Trades Above $51 as Heightened Risk Appetite Props Up Prices
Friday, October 20, 2017 Oil rebounded as a risk-on appetite is seen coming back into financial markets.

Oil Drops More Than 1% On Profit Taking After 4 Days Of Gains
Thursday, October 19, 2017 Oil prices fell more than 1%, breaking four days of gains.

Oil Pares Gains Into Settlement; US Fuel Stockpiles Rise
Wednesday, October 18, 2017 Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs.

Oil Near $52 After Industry Data Shows Crude Stockpile Draw
Tuesday, October 17, 2017 Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.

Goldman Sees Geopolitics Haunting Oil Again With Unclear Effects
Tuesday, October 17, 2017 The oil market is grappling with intensifying geopolitical risks.

Oil Rises 1% As Iraq Fighting Shuts Output In Kirkuk
Monday, October 16, 2017 Crude prices rises 1% as Iraqi forces entered the oil-rich city of Kirkuk.

Kemp: Investors Hit Peak Bullishness On Oil
Monday, October 16, 2017 The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September.

Oil Rises to Two-Week High Amid Optimism on Re-Balancing Process
Friday, October 13, 2017 Might the global crude oil glut be eroding?

Oil Slips Despite Larger Draw In US Stocks
Thursday, October 12, 2017 Oil prices rebounded from earlier losses, but ended lower on the day.