• MarketWatch3 hours ago

    Oil attempts gains following Iraq output disruptions

    Oil puts in a mixed performance, with traders digesting upbeat signals from OPEC as well as supply disruptions in Iraq and a drop in U.S. drilling activity.

  • Crude Oil Narrowly Mixed In Asia with U.S. Rig Count Ahead
    Investing.com4 days ago

    Crude Oil Narrowly Mixed In Asia with U.S. Rig Count Ahead

    Investing.com - Crude oil was narrowly mixed in Asia on Friday as the market looked ahead to U.S. rig count figures from Baker Hughes for direction on shale oil.

  • Reuters5 days ago

    U.S. crude stockpiles slump as production drops - EIA

    U.S. crude oil inventories slumped last week as production fell sharply after Hurricane Nate hit the Gulf of Mexico, while refining rates were down sharply as autumn maintenance season ramped up, the Energy Information Administration said on Wednesday. Despite the falloff in refining runs, gasoline and distillate stocks rose, surprising traders, causing oil prices to dip. "The recent hurricanes - Harvey, Irma, and Nate - continue to have an outsized impact on the U.S. energy sector," said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.

  • Crude Oil Price Analysis for October 18, 2017
    FX Empire6 days ago

    Crude Oil Price Analysis for October 18, 2017

    Ahead of the heating season in the Northern Hemisphere, prices are on the rise and poised to break out.  While October has been warmer than normal, the demand for U.S. distillate has remained robust, as export continue to rise.  Distillate inventories, which include heating oil, have declined to the lower half of the average range … Continue reading Crude Oil Price Analysis for October 18, 2017

  • U.S. Crude Surges on EIA Data for Best Close of the Month
    Zacks7 days ago

    U.S. Crude Surges on EIA Data for Best Close of the Month

    Oil prices jumped last week on rising geopolitical tensions and a government report that showed a surprise drop in crude inventories.

  • Oil Price Fundamental Weekly Forecast – Unrest in Iraq Could Provide Some Support
    FX Empire9 days ago

    Oil Price Fundamental Weekly Forecast – Unrest in Iraq Could Provide Some Support

    U.S. West Texas Intermediate and international-benchmark Brent crude oil ended the week on a high note, closing at its highest level for the month after China reported strong import data. For the week, December WTI Crude Oil settled at $51.73, up $2.08 or +4.19% and January Brent Crude Oil finished at $56.95, up $1.59 or … Continue reading Oil Price Fundamental Weekly Forecast – Unrest in Iraq Could Provide Some Support

  • Fox Business12 days ago

    Winter heating costs going up this year

    It will cost more to heat your home this winter, thanks to colder weather and higher fuel prices.

  • Reuters18 days ago

    COLUMN-U.S. refiners struggle to keep up with demand for distillates: Kemp

    John Kemp is a Reuters market analyst. LONDON, Oct 5 (Reuters) - U.S. refiners are struggling to meet the strong demand for heating oil and other distillates despite operations returning to near normal after Hurricane Harvey. Stocks of distillate fuel oil fell by another 2.6 million barrels to 135 million barrels last week, according to the Energy Information Administration (http://tmsnrt.rs/2yZN43X).

  • Oil Price Fundamental Daily Forecast- Rising U.S. Exports Raises Concerns Over Global Supply Glut
    FX Empire18 days ago

    Oil Price Fundamental Daily Forecast- Rising U.S. Exports Raises Concerns Over Global Supply Glut

    U.S. West Texas Intermediate and international-benchmark Brent crude oil closed lower on Wednesday after a surprising jump in U.S. crude exports to a record 2 million barrels per day. This news raised concerns over the global supply glut. November WTI crude oil futures settled at $49.98, down $0.44 or -0.87% and December Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast- Rising U.S. Exports Raises Concerns Over Global Supply Glut

  • Reuters19 days ago

    U.S. crude stocks fall as exports hit new record - EIA

    U.S. crude oil stocks fell sharply last week as crude exports rose to a record high of nearly 2 million barrels per day, the Energy Information Administration said on Wednesday. Crude inventories fell ...

  • Oilprice.com20 days ago

    Say ‘So Long’ To The Oil Rally

    Crude oil prices fell again on Tuesday morning as traders remain concerned about rising global inventories

  • Reuters21 days ago

    Oil falls more than 2 percent on signs of higher output

    Oil fell more than $1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years. Iraq announced its exports rose slightly in September while a Reuters survey showed OPEC overall boosted output. U.S. drillers added six oil rigs in the week to Sept. 29, bringing the total count to 750, data from General Electric Co's (GE.N) Baker Hughes energy services firm showed on Friday.

  • Oil falls more than two percent on signs of higher output
    Reuters21 days ago

    Oil falls more than two percent on signs of higher output

    Oil fell more than $1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years. Iraq announced its exports rose slightly in September while a Reuters survey showed OPEC overall boosted output. U.S. drillers added six oil rigs in the week to Sept. 29, bringing the total count to 750, data from General Electric Co's Baker Hughes energy services firm showed on Friday.

  • MarketWatch21 days ago

    Oil ends at lowest in over a week as data show fall in OPEC output-cut compliance

    Oil prices fall to the lowest settlement in more than a week as data show a September decline in OPEC’s compliance with a production-cut agreement and as a weekly rise in the number of active U.S. oil ...

  • MarketWatch21 days ago

    Oil, metals lead third-quarter commodities rebound

    Oil and metals post the biggest increases in the third quarter, prompting a key performance gauge for the commodities sector to post its first quarterly climb of the year.

  • Crude Oil Prices Start the Week a Touch Lower
    Investing.com21 days ago

    Crude Oil Prices Start the Week a Touch Lower

    Investing.com - Crude oil prices started the week on the back foot on Monday, but remained close to their best levels in months amid optimism that the crude market was well on its way towards rebalancing.

  • Crude Oil Prices - Weekly Outlook: October 2 - 6
    Investing.com22 days ago

    Crude Oil Prices - Weekly Outlook: October 2 - 6

    Investing.com - Oil prices on Friday tallied a gain for the week, month and quarter, boosted by optimism that the crude market was well on its way towards rebalancing.

  • MarketWatch24 days ago

    Oil prices post first quarterly gain of the year

    Oil prices climb Friday, marking their first quarterly gain of the year, as investors considered the potential fallout from the independence referendum in the oil-rich Kurdish region of Iraq.

  • Reuters25 days ago

    Oil slips one percent as extends pullback from 2015 peaks

    Oil prices slipped on Thursday, further backing off from 2015 peaks hit earlier in the week as tension around northern Iraq following the Kurdistan region's vote in favour of independence spurred fresh supply concerns. Crude has risen sharply in the last two-and-a-half weeks as traders anticipated renewed demand from U.S. refiners who were resuming operations after shutdowns due to Hurricane Harvey. U.S. crude has gained 9 percent in 14 trading days, with Brent up 7 percent in that time.

  • Market Realist25 days ago

    Crude Oil Leading the Energy Sector up this Week

    For the week starting September 25, crude oil (USO)(USL) prices are leading the rise in energy commodities. Crude oil prices rose from last week’s close of $50.66 per barrel.

  • Reuters25 days ago

    Global oil prices slip, pulling back from recent gains

    Crude has risen sharply in the last two-and-a-half weeks, in anticipation of renewed demand from U.S. refiners in the wake of Hurricane Harvey, and expectations for ongoing efforts by major world producers to limit supply. "We've made a really impressive run here and I do think we're due for a pullback," said Robert Yawger, director of energy futures at Mizuho in New York. Brent (LCOc1) was down 13 cents at $57.76 a barrel, after hitting a more than two-year high of $59.49 on Tuesday after Monday's referendum vote prompted Turkey to threaten to close the region's oil pipeline.

  • Oil prices slip as U.S. crude output rises to highest since 2015
    Investing.com25 days ago

    Oil prices slip as U.S. crude output rises to highest since 2015

    Investing.com - Oil prices edged lower on Thursday, after U.S. government data revealed a weekly climb in domestic production to the highest level in over two years.

  • MarketWatch26 days ago

    Oil ends higher as crude supplies unexpectedly decline

    Oil prices end higher Wednesday after U.S. government data revealed that crude inventories fell unexpectedly, but a rise in gasoline stockpiles for the first time in four weeks kept price gains in check....

  • Reuters26 days ago

    U.S. crude stockpiles drop as refineries restart after Harvey - EIA

    U.S. crude oil inventories fell unexpectedly last week as refineries hiked output due to restarts following Hurricane Harvey and exports soared, while gasoline stockpiles posted a surprise build, the Energy Information Administration said on Wednesday. "The highlight from today's EIA report isn't the larger-than-expected draw to stocks, but the reported cause of this draw," said Troy Vincent, oil analyst with Clipper Data. Refinery crude runs increased by 1 million barrels per day as utilization rates rose by 5.4 percentage points to 88.6 percent of total capacity, its highest rate since Harvey hit on Aug. 25, EIA data showed.

  • MarketWatch27 days ago

    Oil ends lower on expectations for rising U.S. crude inventories

    Oil prices finish lower Tuesday as analysts forecast a fourth weekly climb in a row for U.S. crude supplies.