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Oil Prices Down on Upbeat U.S. Inventories

On Wednesday, oil prices declined to extend falls from the prior day, as a huge increase in U.S. fuel inventories and a decline in Chinese demand implied that global crude markets remain oversupplied in spite of The Organization of the Petroleum Exporting Countries  led efforts to reduce production. 505 more words

Exo Capital

Oil Prices Increase on Expectations of Tightening Supplies

On Wednesday, oil inched higher with top exporter  Saudi  Arabia projected to increase prices for its crude as part of intended supply reductions, although a strong greenback  and moderate economic development forecasts restricted gains. 369 more words

MXTrade Reviews

Oil Recovers After Fed Hike as Tighter Market Looms

On Thursday, oil prices become stable as tighter market looms in 2017 because of intended output reductions led by The Organization of the Petroleum Exporting Countries  (OPEC) and Russia, after sudden drops earlier following Wednesday’s U.S. 514 more words

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Oilsands producers 'continue to get screwed' with prices stuck below US$40 despite global rally

CALGARY – While American oil producers have watched oil prices climb above US$50 per barrel in recent weeks, Canadian companies still accept less than US$40 for their crude – and the spread between the two prices has recently reached its widest point since February. 528 more words

Energy

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

Oil Prices Rise, But Might Calm Soon

As the August rally lost momentum, oil prices jumped higher on Tuesday despite the low trading volumes. The crude hovered around $47 to $50 a barrel and the October contract for global benchmark Brent LCOV6 was up 0.35% at $49.43 a barrel, while the US counterpart West Texas Intermediate CLV6 was up 0.4% at $47.17 a barrel. 402 more words

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Oil Prices Up -- Will OPEC Cut Production?

 

© AFP | Oil prices rise, building on strong gains the previous day, on expectations that OPEC could intervene to limit production

LONDON (AFP) – Oil prices rose on Tuesday, building on strong gains won the previous session on expectations that OPEC could intervene to limit production. 205 more words