Commodity Prices News

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Virus Anxiety Has Oil Poised for Losing Streak
Friday, January 24, 2020 Oil is heading for the longest run of weekly losses since May on fears China's coronavirus outbreak may dent demand amid plentiful global supplies.

Global LNG Poised for Terrible Year
Friday, January 24, 2020 Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.

Alarm Over Virus Pushing Down Oil
Thursday, January 23, 2020 Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.

Oil Prices Fall As Market Weighs Virus Impact
Thursday, January 23, 2020 WTI and Brent crude oil prices finished lower for the third straight trading day.

Oil Down as Virus Concern Seen Countering Disruptions
Wednesday, January 22, 2020 Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.

Oil, Gas Bankruptcy Filings Climb in 2019
Wednesday, January 22, 2020 The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.

Oil Prices Fall Sharply
Wednesday, January 22, 2020 WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.

Oil Prices Settle Lower Amid Libya and Iraq Tensions
Tuesday, January 21, 2020 WTI and Brent crude oil prices posted modest declines during Tuesday's session.

Oil Up After Unrest Hits Key OPEC Producers
Monday, January 20, 2020 Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.

Higher Non-OPEC Output Will Keep Oil Prices Honest in 2020
Monday, January 20, 2020 OPEC and its allied producers might be cutting output, but incremental non-OPEC production and demand doubts are likely to prevent oil benchmarks from overshooting current trading ranges.

Oil Pares Gains
Monday, January 20, 2020 Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.

Oil Heads for Weekly Drop Amid Demand Concerns
Friday, January 17, 2020 Oil is headed for a weekly drop amid persistent demand concerns.

Oil Prices Nearly Flat for the Week
Friday, January 17, 2020 WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.

Oil Rallies on Trade Deal
Thursday, January 16, 2020 Oil rebounded after the U.S. and China inked the first phase of their trade deal, recouping losses driven by data showing American petroleum supplies rising to a four-month high.

Heavy Crude Freezing Solid in Western Canada
Thursday, January 16, 2020 Temperatures of -30 degrees Celsius and lower have descended on Alberta and Saskatchewan - cold enough to render the region's viscous oil rock solid.

Oil Climbs on Optimism Spurred by Historic US-China Truce
Thursday, January 16, 2020 Oil rose to the most in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth.

Oil Down After Report American Stockpiles Growing
Wednesday, January 15, 2020 Oil traded near a six-week low after a report indicated American crude stockpiles increased.

Oil Eases Losses
Wednesday, January 15, 2020 Oil erased some of the losses that followed the U.S. inventory report after the U.S. and China inked the first phase of a broader trade pact on Wednesday.

Oil Prices Rebound Slightly
Tuesday, January 14, 2020 After trending downward for a week, WTI and Brent crude oil prices finished higher Tuesday.

Oil Steady on Easing Gulf Tension
Monday, January 13, 2020 Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.

Oil Prices Fall Again
Monday, January 13, 2020 WTI and Brent finished lower for the fifth consecutive trading day Monday.

Oil Down as US-Iran War Fears Recede
Friday, January 10, 2020 Oil headed for its first weekly loss since November as fears over a U.S.-Iranian war receded, easing concern of a potential supply disruption in the Middle East.

Higher Gasoline Prices Can Tip Elections
Friday, January 10, 2020 Donald Trump's decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and emphasized higher gasoline prices can tip elections.

Oil Prices Down for the Week
Friday, January 10, 2020 WTI and Brent crude oil futures edged downward Friday and posted significant declines for the week.

Prized Crude Offered Near $100 on New Ship Rules
Thursday, January 09, 2020 Just shy of $100 a barrel - that's the asking price for a type of crude that's become prized thanks to the scramble for cleaner-burning fuels.

Oil Prices Dip Slightly Amid Geopolitical Slow Sizzle
Thursday, January 09, 2020 One day after losing more than four percent, West Texas Intermediate (WTI) and Brent crude oil prices fell again Thursday - but much less dramatically.

Oil Hits $70+ After Iran Attacks US-Iraqi Bases
Wednesday, January 08, 2020 Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its top general.

Oil Sinks Below $60 After Trump Downplays Iran Attacks
Wednesday, January 08, 2020 Oil sank the most in three months, erasing a rally that followed the U.S. killing of a top Iranian general.

Oil Down on Uninterrupted Mideast Supplies
Tuesday, January 07, 2020 Oil retreated after its dramatic start to the year as the uninterrupted flow of Middle East supplies tempered fears over the fallout from the U.S. airstrike that killed a top Iranian general.

Oil Prices Decline Despite US-Iran Rhetoric
Tuesday, January 07, 2020 WTI and Brent prices finished lower Tuesday.

Oil Hits $70 as Supply Disruption Fear Deepens
Monday, January 06, 2020 Oil extended its dramatic surge above $70 a barrel as the fallout between the U.S. and Iran escalated after the assassination of one of the Islamic Republic's most powerful generals.

Goldman Says Oil Rally Likely Shortlived
Monday, January 06, 2020 An actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.

Oil Prices Finish Higher Amid Ongoing US-Iran Tensions
Monday, January 06, 2020 WTI and Brent finished higher again Monday.

Oil Up After US Strike Kills Top Iran General
Friday, January 03, 2020 Oil jumped close to $70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq.

Oil Options Get More Bullish
Friday, January 03, 2020 Oil options markets turned more bullish Friday as traders weighed the possibility of reprisals after the U.S. killed a top Iranian general.

US Not Considering Immediate Oil Release in Response to Iran Crisis
Friday, January 03, 2020 The Trump admin isn't actively considering an immediate release of oil from the national petroleum reserve in response to the Iran crisis that has sent oil prices higher.

Oil Prices Up After US Drone Strike
Friday, January 03, 2020 WTI and Brent oil futures posted strong gains Friday.

Oil Prices Climb Modestly
Thursday, January 02, 2020 WTI and Brent crude oil prices rose modestly during Thursday's trading.

European Gas Prices Fall
Tuesday, December 31, 2019 European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis.

Oil Prices Fall on Final Day of 2019
Tuesday, December 31, 2019 WTI and Brent crude oil prices finished lower on New Year’s Eve.

Oil Up as US Crude Stockpiles Shrink
Monday, December 30, 2019 Oil traded near the highest close in over three months after U.S. crude stockpiles declined more than expected.

Hedge Funds Stay Bullish on Oil
Monday, December 30, 2019 Hedge funds are approaching the end of the year more optimistic on global oil prices than they've been since May.

Oil on Track for Best Year Since 2016
Monday, December 30, 2019 Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost.

Oil Near 3-Month High on Signs of Shrinking Supplies
Friday, December 27, 2019 Oil held gains near the highest level in more than three months on indications of shrinking U.S. crude stockpiles and optimism in the global economic outlook.

Oil Posts Longest Run of Weekly Gains Since April
Friday, December 27, 2019 Oil posts the longest run of weekly gains since April as prices followed equities higher and a government report showed U.S. crude inventories falling to the lowest in two months.

Oil Up on US Inventory Drop and Trade Deal Optimism
Thursday, December 26, 2019 Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew.

Oil Rises to Three-Month High
Thursday, December 26, 2019 Oil advances in light trading, with prices set for the biggest monthly gain in almost a year on speculation that supplies are shrinking.

Oil Analysts See Few 2020 Fireworks
Tuesday, December 24, 2019 Oil prices are likely to remain in check during 2020 as OPEC+ production cuts are offset by higher output from other countries and a mixed outlook for demand, according to analysts.

Oil Up as US Crude Stockpiles Seen Shrinking
Tuesday, December 24, 2019 Oil traded above $60 a barrel ahead of U.S. government data forecast to show crude stockpiles shrank.

Oil Down as Kuwait Nears Deal with Saudis on Output
Monday, December 23, 2019 Oil extended losses after the biggest decline in three weeks as Kuwait signaled a deal with Saudi Arabia to renew crude output along their border and as U.S. shale explorers increased drilling.