Search Results for: Crude oil
Oil prices rise on the heels of sharp losses; production data ahead
February 7th, 2017
Crude oil prices rose slightly on Tuesday, though investors are eagerly awaiting production and inventory data from the Organization of the Petroleum Exporting Countries. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH7, ...
Oil prices edge up on Iran tensions, but rising U.S. drilling caps gains
February 6th, 2017
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies. But markets were held back by more ...
Oil edges up on threat of U.S. issuing new Iran sanctions
February 3rd, 2017
Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that ...
Oil prices dip as rising U.S. supplies offset OPEC cuts
February 1st, 2017
Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since late January. Brent crude futures LCOc1, the international benchmark for ...
Oil prices fall as rising U.S. output offsets OPEC-led cuts
January 31st, 2017
Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Oil extends declines on rising U.S. output
January 30th, 2017
Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. Uncertainty over the outlook for U.S policy also broadly weighed on ...
Oil prices dip as rising U.S. output offsets OPEC-led cuts
January 27th, 2017
Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures LCOc1, the international benchmark for oil prices, ...
Oil prices rose
January 26th, 2017
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures ...
Oil eases on rising U.S. inventory, market looks to EIA data
January 25th, 2017
Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude LCOc1, the international benchmark for oil prices, had ...
Oil market may balance this quarter: UBS report
January 24th, 2017
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS. OPEC oil output has reduced significantly since the production-cut agreement made in November. Saudi Arabia has reportedly cut ...
