Ben Sharples and Grant Smith

Business, Equipment, Fuel

Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets

Jim Gehrz/Minneapolis Star Tribune/MCT

Oil climbed to a two-year high as U.S. industry data showed crude stockpiles resumed declines and investors awaited a decision by OPEC on extending output cuts.

Ben Sharples and Grant Smith | Bloomberg News
November 22, 2017
Business, Fuel

Oil Steadies Below $49 as US Drilling Threatens Longer Glut

Daniel Acker/Bloomberg News

Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut.

Ben Sharples and Grant Smith | Bloomberg News
March 13, 2017
Business, Fuel

Oil Extends Decline Below $40 as OPEC Abandons Production Target

Lisi Niesner/Bloomberg

Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC effectively abandoned its longtime strategy of limiting production to control prices.

Ben Sharples and Grant Smith | Bloomberg News
December 7, 2015
Business, Fuel

Oil Drops Below $45; U.S. Stockpiles May Speed Collapse

Brittany Sowacke/Bloomberg News

Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5½ years.

Ben Sharples and Grant Smith | Bloomberg News
January 13, 2015