Search Results for: U.S. West Texas Intermediate
Oil recovers lost ground, but market remains under pressure
April 24th, 2017
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West ...
Oil prices set for biggest weekly drop in a month
April 21st, 2017
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more ...
Oil prices claw back some losses, but oversupply still weighs
April 20th, 2017
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat. Brent crude futures were at $53.08 per barrel ...
Oil rises on potential Saudi Arabian output cut extension
April 12th, 2017
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first ...
Oil hits five-week top on geopolitical tensions, strong demand
April 11th, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
Oil prices firm on strong demand, political uncertainty in Syria
April 10th, 2017
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil, were at $55.28 per ...
Oil prices jump 2% after US launches missile strike in Syria
April 7th, 2017
Oil prices surged more than 2 percent on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which ...
Oil rises to near one-month high on gradual tightening of supplies
April 5th, 2017
Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom’s North Sea that feeds into an ...
Oil prices recovered on Thursday
March 23rd, 2017
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark ...
Oil prices mark time, set for small weekly rise
March 17th, 2017
Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. Brent crude was up 5 cents, or 0.1 ...
