Heesu Lee and Grant Smith

Government, Business, Fuel

Oil Advances Amid Mixed Trade Dispute Signals

Oil Bloomberg News

Oil rose after four days of losses as President Donald Trump gave mixed signals on resolving the U.S.-China trade dispute.

Heesu Lee and Grant Smith | Bloomberg News
August 27, 2019
Business, Fuel

Oil Trades Near Two-Week High on Tighter Supply, Mideast Risks

Oil Andrey Rudakov/Bloomberg News

Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.

Heesu Lee and Grant Smith | Bloomberg News
July 31, 2019
Business, Fuel

Oil Slips as Record US Production Undermines OPEC Supply Cut

Oil Production Ali Mohammadi/Bloomberg News

Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies.

Heesu Lee and Grant Smith | Bloomberg News
January 17, 2019
Business, Fuel

Oil Set for Worst Month Since July as OPEC Seen Standing Firm

Lisi Niesner/Bloomberg News

Oil headed for its largest monthly drop Nov. 30 since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week.

Heesu Lee and Grant Smith | Bloomberg News
November 30, 2015