Oil price hit its highest levels today since November 2014 as stockpiles fall and worries about geopolitical tensions in the Middle East weigh on the markets. The cost of Brent crude oil futures contracts deliverable in June 2018 rose …
Oil fell 1% today as markets opened following western air strikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices. Brent crude oil futures were at $71.85 per barrel at 0547 GMT, down 73 …
The market is also keeping an eye on developments out of Syria and new U.S. sanctions on Russia
Oil markets remained nervous about whether or not the US administration will scrap or maintain the nuclear deal with Iran
Oil headed for its longest losing streak in almost a month on signs a global glut may persist
Oil prices rose after US President Donald Trump fired Secretary of State Rex Tillerson, sparking a dollar fall and concern that a deal on Iran's nuclear programme could collapse. May Brent crude …
The U.S. Oil Industry Sets Its Sights On Asia
The dollar rose to a one-week high against a basket of major currencies
Oil prices ended largely unchanged on Tuesday as a weaker dollar spurred a rebound from an early slide after the International Energy Agency forecast supply could outstrip demand. Reuters reports in its article …
Oil prices are growing this morning, after OPEC said it expects higher oil demand this year. April Brent crude, the global oil benchmark, gained 39 cents (0.62%) to end at $62.98 a barrel on London’s ICE Futures exchange. …
Oil prices fell to their lowest in seven weeks today amid fears of rising global supplies after Iran announced plans to increase production and US crude output hit record highs. US West Texas Intermediate (WTI) crude for March …
US Energy Information Administration (EIA) has raised its forecast on crude oil prices for 2018 and 2019, along with revising upwards its estimates on US crude production for both years. According to the agency's short-term energy …
U.S. crude oil inventories jumped this past week for the first time in nearly three months, rising by 6.7 million barrels
Oil rose for a third day after a survey showed strong compliance with output cuts by OPEC and others, offsetting concerns about surging US production. The price of the Brent crude oil futures contract for April delivery rose by 0.29% to …
The increase in oil prices has been turbocharged by a weaker dollar, falling inventories and speculative bets on rising prices
Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies in an effort to prop up the market would continue beyond 2018. As Reuters writes in an …
Oil prices climbed today, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies would continue beyond 2018. Brent crude futures were at $68.89 a barrel at 0315 GMT, up …
Shale producers have to add a lot of rigs, frack crews and add a lot of investment
