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Oil Prices Hit 16-Month High After OPEC Deal

Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. 329 more words

Energy

Here's Why the OPEC Oil Rally Is Likely to Be Short-Lived

The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States. 516 more words

International

The 5 Best Gold and Energy Stocks for 2017

When John Roth thinks back on the oil market of two years ago, a certain calamitous image comes to mind: “I liken it to pushing a freight train off the top of a hill,” says Roth, manager of the $3 billion Fidelity New Millennium Fund. 686 more words

Finance

Here's Why the Drop in Oil Prices Isn't Over

Here we go again.

Like a year ago, crude oil futures are tumbling again Tuesday as hopes for a cut in output from the Organization of Petroleum Exporting Countries (OPEC) fade due to entrenched differences between its most important members. 810 more words

Finance

Oil prices jump helping TSX post biggest gains since September

TORONTO – Canada’s benchmark stock index on Tuesday notched its biggest gain since September, led by energy as oil jumped, while gold miners and defensive stocks pared some recent losses as investors weighed an uncertain outlook for U.S. 376 more words

News

Oil Prices Edge Up, Reversing Earlier Decline on Trump Triumph News

Prices had dropped to a three-month low at one point in Asia trade

By KEVIN BAXTER
The Wall Street Journal

Updated Nov. 9, 2016 6:23 a.m. 547 more words