|Day's Range||2.297 - 2.309|
Investing.com - Oil prices continued the downward trend for a second session on Thursday after data released a day earlier showed an unexpectedly strong build in U.S. crude stockpiles, while geopolitical tensions, the upcoming deadline for U.S. sanctions on Iran and continuing concern over production have all been factors involved in recent market volatility.
Investing.com - Crude oil markets notched their fourth-straight weekly gain for their longest winning streak since May, with focus remaining on upcoming U.S. sanctions against Iran, despite mixed price settlements on Friday.
Investing.com - Brent oil surged on Friday to the highest levels since 2014, ending September with its biggest monthly gain for the year after fears that upcoming U.S. sanctions on Iran will deprive the world of much-needed oil.
Oil futures rally Friday on signs of tightening supplies, with global crude prices tallying a second straight monthly gain to settle at another four-year high.
Investing.com - Oil prices were higher on Friday as supply concerns weighed and investors looked ahead to weekly rig count data.West Texas crude oil futures for November rose 0.22% to $72.28 a barrel as of 9:54 AM ET (13:54 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.69% to a four-year-high of $81.94.Late on Wednesday, the U.S. said it would not increase supply to offset the decrease in production.Energy Secretary Rick Perry told a news conference that the Trump Administration was not considering a release of oil from the U.S. ...
Investing.com - Oil clambered back to near four-year highs on Thursday after Energy Secretary Rick Perry denied reports that the U.S. government plans to use emergency oil reserves to make up for barrels that would be lost from sanctions applied by Washington on Iranian oil exports.
___ SEC files complaint against Tesla's Elon Musk DETROIT — U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans ...
Oil climbs on Thursday, with the global benchmark price notching another four-year high as a U.S. officials said the sale of domestic oil reserves wouldn’t be used to undercut a rally in crude, underpinned by anticipation of supply disruptions from coming Iranian sanctions.
Investing.com - Oil prices were hovering near the $82 a barrel level on Thursday, close to the four year highs reached earlier in the week amid fears of a supply shortage as the U.S. prepares to re-impose sanctions on Iran from Nov. 4.
Output in the United States edged up by 100,000 barrels per day last week to 11.1 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Investing.com - Crude prices fell on Wednesday after weekly data showed a build in U.S. stockpiles as the summer driving season came to a close, tripping up market bulls who had bet on an inventory drop and an uninterrupted price rally on fears over sanctions placed on Iranian oil.
The "gig" economy might not be the new frontier for America's workforce after all. WASHINGTON (AP) -- The Federal Reserve is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast. BEIJING (AP) -- The United States and China have imposed new tariff hikes on each other's goods.
An old bogeyman, higher oil prices, may still be scary but doesn't have the same power to hurt the US economy. Yes, when gasoline costs more, consumers have less money to spend at restaurants and shops. WASHINGTON (AP) -- Consumer and health care groups say they're trying to block a move by the pharmaceutical industry to commandeer must-pass opioid epidemic legislation as a vehicle for rolling back drugmaker discounts to Medicare beneficiaries with high prescription costs.
Investing.com - Oil prices showed mixed trade on Thursday, while U.S. crude climbed for a third consecutive session, supported by low inventory levels stateside.
The current price action confirms the notion that the crude oil market is “fragile” and highly sensitive to the upside on any news that even hints at lower supply. It seems the damage from the Iran sanctions is underpinning the market, encouraging speculators to buy on the dips, while fresh supply news like weekly API and EIA reports is providing the firepower for weekly price spikes.
Oil futures settle more than 1% higher Tuesday, as risks to global crude supplies escalate ahead of data that are expected to reveal a fifth-straight weekly decline in U.S. inventories.
West Texas crude oil futures for November surged 1.35% to $69.61 a barrel as of 10:35 AM ET (14:35 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.46% to $79.19.
West Texas Crude oil futures surged 1.22% to $69.52 a barrel as of 5:29 AM ET (9:29 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.29% to $79.06.
Oil futures post a modest loss on Monday, finding some support from the threat of disruptions to supply from U.S. sanctions on Iranian oil, but also pressured by the potential for lower global demand on the heels of U.S.-China trade tensions.
Investing.com - Crude prices edged higher on Monday, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market.
Investing.com - Oil prices declined for a second-consecutive session on Friday as increasing global supplies spooked bulls and investors looked ahead to weekly data on U.S. production.
Investing.com - Oil prices recovered on Friday from the prior session’s sharp decline and remained on track for solid weekly gains as investors looked ahead to the latest gauge of U.S. production.
Oil futures settle sharply lower on Thursday as an industry report shows global supplies at a record and Hurricane Florence weakens ahead of its expected landfall on the East Coast.
Investing.com - Crude prices declined on Thursday after monthly data from the International Energy Agency revealed production among OPEC members surged in August, pushing global inventories to a record.
Investing.com - Oil prices extended losses on Thursday after the monthly report from the International Energy Agency showed a jump in global supply to an all-time high.