Oil futures rallied by more than 3% on Tuesday as signs of an overall slowdown in U.S. crude production expected later in the year helped lift prices for the U.S. crude benchmark back above $60 a barrel. May oil output was at its highest monthly level...
The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as North Dakota’s Bakken and Texas’s Eagle Ford shale will shrink...
Oil prices are on course for the biggest weekly loss in almost three months with all signals suggesting Opec will stick with its policy of keeping the taps open when the production cartel meets in Vienna later today. Delegates from the 12-member group have shown few...
Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration (EIA) said crude oil inventories USOILC=ECI fell by 2.8 million barrels last week, ahead of Monday's...
Crude futures rose about 1 percent on Wednesday to recover some ground after steep drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. Prices were also supported by comments from western diplomats that a nuclear deal...
Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. U.S. crude prices were up 14 cents at $59.86 a barrel. "Global oil...
Oil rose further above $65 a barrel on Thursday, gaining for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. The U.S. government's supply report on Wednesday showed crude inventories declined for a third week....
Crude oil prices fell on Tuesday as slow economic growth and high supplies meant that markets remain oversupplied, although U.S. prices received some support from rising demand ahead of the summer driving season. Brent futures LCOc1 were down 60 cents at $65.67 a barrel by 2.12...
Investing.com - Crude futures fell on Friday but ended higher for the week boosted by the weaker dollar as concerns over whether the recent rally in prices is running out of momentum persisted. Crude futures for June delivery settled down 0.32% at $60.54 a barrel on...
Oil futures pulled back on Thursday as ample global supply weighed on prices while Brent's front-month June contract headed to expiration. Trading was choppy as market participants tried to square bullish factors, including recent drops in U.S. inventories, spot demand for crude in Asia and Middle...
