opec
Oil Climbs as OPEC Tightening Dovetails With US Supply Drop
Getty Images
Crude rallied as lower OPEC production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.
December 5, 2017Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process
J. N. Stuart/Flickr;
Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.
October 13, 2017Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
Andrew Harrer/Bloomberg News
Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.
September 20, 2017Oil Breaches $50 as Worldwide Energy Demand Outlook Brightens
Brent Lewin/Bloomberg News
Oil topped $50 a barrel for the first time and closed at a six-week high amid heightened optimism that a demand resurgence is in the offing.
September 14, 2017Crude Oil Falls After Smaller-Than-Expected US Inventory Drop
Matt Nager/Bloomberg News
Oil slipped after an industry report was said to show a smaller-than-anticipated U.S. crude inventory decline.
April 19, 2017Oil Trades at One-Week Low on Signs of Rebound in US Supplies
Luke Sharrett/Bloomberg News
Oil traded at its lowest in more than a week in New York on signs U.S. production is continuing to recover, undermining OPEC’s efforts to clear a global glut.
April 18, 2017Crude Losses Ease as Dollar Drop Offsets US Drilling Boom
Andrey Rudakov/Bloomberg News
Oil eased losses as growth in U.S. drilling was partially offset by a weaker dollar.
April 17, 2017Oil Traders Warn There's a Supply Crunch Looming
Andrey Rudakov/Bloomberg News
The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the United States, some of the top crude and products traders said.
March 29, 2017Oil Producers Consider Output Cut Extension as Support Grows
Andrey Rudakov/Bloomberg News
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.
March 27, 2017Oil Trades Near $48 as Investors Await Upcoming Producer Talks
Akos Stiller/Bloomberg News
Oil was little changed before a meeting between OPEC and its allies that may signal the outlook for extending their output curbs.
March 23, 2017