oil prices
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Oil prices static on uncertainty over planned production cut
EghtesadOnline: Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday kept traders…
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Oil prices ease on doubts OPEC-led cut will end glut
EghtesadOnline: Oil prices edged lower on Wednesday on investors' doubts that OPEC would agree a large enough production cut to significantly reduce the global surplus when it meets next week.
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U.S. Stocks Pare Gains as Trump Rally Falters; Commodities Rise
EghtesadOnline: U.S stocks erased gains that took the Dow Jones Industrial Average above 19,000 for the first time as investors assessed the two-week post-election rally. Metals rallied while…
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Oil Trades Near $48 as OPEC Members Seek Production Cut Accord
EghtesadOnline: Oil traded near $48 a barrel as OPEC members sought to reach an agreement on output cuts.
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Oil prices rise to highest this month on hopes of OPEC deal
EghtesadOnline: Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal…
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Record highs for Wall Street quartet send other stocks higher
EghtesadOnline: World stocks on Tuesday rode the slipstream of the first joint all-time high for Wall Street's four main markets since 1999, while oil prices hit their highest level since October.
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Crude Rallies With Asian Equities, Metals; Dollar Holds Advance
EghtesadOnline: Oil jumped on optimism OPEC will agree to a supply-cut deal, while Asian equities and industrial metals rebounded from last week’s losses. The dollar held near a January high,…
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U.S. Oil Drillers Coming Back to Life
EghtesadOnline: Growing confidence that crude prices will rise in coming months is sustaining the expansion of oil drilling in the shale patch.
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Oil Bets Are Biggest in 9 Years Amid OPEC, Trump Volatility
EghtesadOnline: Money managers, producers and consumers made the biggest bets on West Texas Intermediate crude prices in nine years, amid signals more volatility is coming.
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Oil Climbs as Iran, Iraq Signal Deal Hope Before Vienna Meeting
EghtesadOnline: Oil extended gains as Iran signaled optimism OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster the group’s unity before members meet…
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The Very Real Risks That OPEC Won’t Cut Crude Oil Production
EghtesadOnline: OPEC says it’s close to a deal to cut oil output for the first time since 2008, a move that may halt a 2 1/2-year price slump. The actions of individual member states tell a different…
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Oil prices climb on expectation of OPEC-led output cut
EghtesadOnline: Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
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Oil prices rise on Saudi optimism over OPEC deal
EghtesadOnline: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.
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Government Bonds Fall Worldwide on Trump-Fed Nexus; Oil Declines
EghtesadOnline: Government bonds tumbled around the world and the dollar rose on speculation that the economic outlook is sufficiently strong to allow the Federal Reserve to step up the pace…
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Oil Slips as Clock Ticks on OPEC Deal Amid Rising U.S. Supply
EghtesadOnline: Oil slipped from a two-week high in New York as OPEC made another push to finalize an accord on cutting production, while rising crude inventories in the U.S. showed the global…
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Oil declines after OPEC-inspired rally as U.S. inventories rise
EghtesadOnline: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after industry data showed U.S. crude stocks rose beyond expectations…
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Oil demand won't peak before 2040, despite Paris deal: IEA
EghtesadOnline: The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris…
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Oil prices rise on falling shale output, renewed hopes of OPEC cut
EghtesadOnline: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism…
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Oil steady near multi-month lows on OPEC output record, U.S. rig count
EghtesadOnline: Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again.
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Oil edges higher as markets recover from Trump's shock victory
EghtesadOnline: Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump's surprise victory, although…
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Oil tumbles as Trump leads U.S. election in potential Brexit deja vu
EghtesadOnline: Oil prices tumbled on Wednesday as vote counting showed Donald Trump edging ahead in an unexpectedly tight U.S. presidential election, throwing world markets into turmoil in a…
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Oil prices bounce back after week of sharp falls
EghtesadOnline: Oil futures rose on Monday, with traders citing opportunistic buying following sharp declines in the previous week that brought prices to their lowest since early August because…
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U.S. Stocks Post Longest Slide Since 1980, Bonds Rise Amid Angst
EghtesadOnline: U.S. stocks posted their longest slide since 1980, while Treasuries rallied after data showing progress in the American labor market did little to soothe anxiety over the presidential…
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OPEC Output Deal ‘More Likely Than Not,’ Citigroup’s Morse Says
EghtesadOnline: OPEC and Russia will probably be able to reach an accord to reduce crude production and boost prices, according to Ed Morse, head of commodity research at Citigroup Inc.
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More Oil Spending Cuts Coming as U.A.E. Warns About Supplies
EghtesadOnline: International oil companies will probably cut investment spending about $370 billion this year and next, according to Wood MacKenzie Ltd., just as the United Arab Emirates warned…
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Oil extends losses after report shows surprise U.S. stocks build
EghtesadOnline: Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build…
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Bets Are On for Oil Prices to Slump Again
EghtesadOnline: The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops.
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U.S. Gasoline Jumps Most Since 2008 After Pipeline Blast
EghtesadOnline: Gasoline in New York jumped the most in almost eight years, and its premium to crude prices soared 60 percent after an explosion and fire in Alabama shut the largest fuel pipeline…
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Oil's Heading to $40 If OPEC Fails, Says Goldman
EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.
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BP Profit Slides on Weaker Refining, Oil-Production Loss
EghtesadOnline: BP Plc reported a 49 percent decline in third-quarter earnings after crude prices fell, refining margins shrank and its exploration and production division posted a loss. Shares…