Tags » CRUDE Oil Prices

Inflation numbers doesn't mean the consumer is back

Let’s look at the Consumer Price Index that was released Wednesday by the Labor Department.

The report said inflation had its biggest monthly jump in almost four years for pricing. 287 more words

Economy

Gold slips as dollar strengthens against yen

Gold slipped on Monday as the dollar made stronger against the yen after Trump-Abe meet. Spot gold had slipped 0.31% to USD 1,230.22 per ounce, while US gold futures were down 0.36% at USD 1,231.3. 67 more words

Commodity Tips

Optimism in oil and gas industry drives Canadian drilling forecast higher in 2017

The Petroleum Services Association of Canada says it’s raising its forecast for drilling activity for 2017 in view of rising optimism in the oil and gas industry. 143 more words

Money

GOLD SUPPORTED ON WEAKER DOLLAR

Gold prices edged up today, aided by a sluggish U.S economic data and as uncertainty over the outlook for U.S. policy under President Donald Trump stoked safe-haven demand. 87 more words

Investment Advisory

MCX Crude Oil price down on Monday

Crude oil futures chop down Friday, projecting a weekly decline amid concern that OPEC will curtail supplies. WTI light sweet crude oil was down 1.2%, to end at USD 52.37 per bbl. 114 more words

Investment Advisory

Power Outage Halts Output at Mexico's Tula Crude Refinery

Mexico’s second-biggest oil refinery was hit by a power outage that halted production, state oil company Pemex said on Saturday.

The Tula refinery in Hidalgo state that processes 315,000 barrels of crude a day suffered an electricity failure that the company was working to fix, a Pemex spokesman told Reuters. 73 more words

International

OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

Oil Prices Hit 18-month High as Markets Eye Production Cuts

OPEC (ThisDay) — Crude oil prices Tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut . 407 more words

Oil & Gas