Post Tagged with: "Crude oil price"

Oil prices edge down as traders assess China’s oil demand, await OPEC+ cuts

Oil prices edge down as traders assess China’s oil demand, await OPEC+ cuts

BOE Report


Oil is off more

February 10, 2020 - 1:50 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News, Economy
Source: Houston Chronicle

Gasoline prices are falling again

Houston Chronicle


Prices at the pump are falling once again now that crude oil prices have stabilized below $60 per barrel in the United States.

The average cost of a gallon of regular unleaded in the Houston area dipped by …

Source: Reuters

Oil back in positive territory ahead of U.S.-China trade deal

Reuters


LONDON – Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.

Brent crude LCOc1 …

January 14, 2020 - 11:00 am Closing Bell Story‎, Commodity Pricing, Crude Oil News
Source: Houston Chronicle

Gasoline price fears stoked by Iran may still roil election

Houston Chronicle


Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can tip elections.

The president, who is counting on …

January 10, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing
Source: Houston Chronicle

Oil above $61 amid Middle East tensions, shrinking stockpiles

Houston Chronicle


Oil settled above $61 a barrel after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.

Futures in New York rose Thursday but are …

Source: Houston Chronicle

Oil set for strongest year since 2016 on OPEC cuts, trade truce

Houston Chronicle


Oil in New York headed for its biggest annual increase since 2016, as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China buoyed the outlook for demand.

West Texas Intermediate futures have climbed …

December 31, 2019 - 11:00 am China, Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil hits three-month high on upbeat data, Middle East tension

Reuters


NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in …

Source: Houston Chronicle

Oil could fall below $40 unless OPEC deepens cuts: Report

Houston Chronicle


Crude oil prices are expected to plunge to $40 a barrel in 2020 unless OPEC and Russia agree to deepen – and not just extend – their production cuts, according to a new report from the Norwegian research …

December 3, 2019 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International, OPEC
Oil drops after biggest gain in a month as trade optimism ebbs

Oil drops after biggest gain in a month as trade optimism ebbs

Source: Houston Chronicle


Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook.

Futures in New York fell as much …

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Courtesy of Chesapeake

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

From Reuters


Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Brent crude LCOc1 …

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

From Reuters


Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a …

Oil Deepens Slide on Recession Fears, China’s Trade Threats

Oil Deepens Slide on Recession Fears, China’s Trade Threats

From Reuters


Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

In a sign of investor concern that the world’s biggest economy …

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

From Reuters


Oil prices shed 3% on Wednesday after fresh Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.

Brent crude LCOc1 settled at $59.48 a barrel, …

Oil Teeters on Edge of Bear Market

Oil Teeters on Edge of Bear Market

From Bloomberg


Supply and demand both falling quickly, says BofA’s Blanch, Energy investors beat sector ‘to death’: RBC Capital Markets

Oil flirted with bear-market territory as Saudi Arabia insisted OPEC will avert a global supply glut after international trade brinkmanship …

Rough Day for Oil: Crude Plunge Approaches 6%

Rough Day for Oil: Crude Plunge Approaches 6%

U.S. Crude at its Cheapest Since March

Rough Day for Oil: Crude Plunge Approaches 6%- Oil & Gas 360

From Reuters

NEW YORK (Reuters) – Oil prices plunged about 5% on Thursday, with U.S. crude at its lowest since March, as trade tensions dampened the demand outlook, putting the crude benchmarks on …

Source: Sweetcrudereport.com

Oil Prices Up Over 1% as Libyan Crude Shipments are Delayed

Oil prices climbed higher as a battle for Libya’s Sidra and Ras Lanuf ports delays crude shipments

Crude oil prices rose over 1% this morning as fighting for one of Libya’s key oil ports delayed shipments out of the country. …

OPEC Policy Stings Smaller Members as Some Fear Collapse

OPEC Policy Stings Smaller Members as Some Fear Collapse

Poorer OPEC nations reeling hardest from oil price slide

OPEC’s biannual meeting has come and gone, but the group’s objective remains the same: defend market share. While some talks may be underway to set a new production ceiling of 32-32.5

June 3, 2016 - 4:57 pm Oil and Gas 360 Articles

T. Boone Pickens Thinks Oil is Going Even Higher

From Yahoo Finance

Many traders are waiting for oil prices to crash again, as a rally triggered by the falling value of the U.S. dollar fizzles. They could be waiting a long time.

“You could be at 50 or 60 …

May 16, 2016 - 12:00 pm Closing Bell Story‎, Commodity Pricing, Energy News
Oil Rig Counts Climb for first time in 29 Weeks

Oil Rig Counts Climb for first time in 29 Weeks

Baker Hughes (ticker: BHI) released its weekly rig count tally on Thursday, July 2 – one day earlier than normal in consideration of the July 4th Independence Day holiday. The United States added three rigs to its fleet in …

July 2, 2015 - 6:14 pm Commodity Pricing, Oil and Gas 360 Articles
OPEC Basket Price Falls More Than a Dollar in a Week

OPEC Basket Price Falls More Than a Dollar in a Week

OPEC expects basket price to fall for third straight week

The price of OPEC’s basket of twelve crudes stood at $60.73 per barrel today, down $1.30 from just a week ago when the basket sold for $62.03, according to information

May 27, 2015 - 12:49 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC