Post Tagged with: "oil crude prices"

Oil surges nearly 35% in 2019 and hedge funds are betting on more gains next year

Oil surges nearly 35% in 2019 and hedge funds are betting on more gains next year

CNBC


West Texas Intermediate crude futures have rallied 13% this quarter and nearly 35% this year, putting oil on track to post its best annual performance since 2016. And now big investors are starting to get on board with the …

December 31, 2019 - 10:15 am Capital Markets, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters/Stringer

Oil rises on surprise U.S. crude drawdown, prospect of OPEC action

Source: Reuters


HOUSTON (Reuters) – Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.

U.S. crude stocks …