Business, Fuel

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.

Jessica Summers | Bloomberg News
December 5, 2017

Oil 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.

Jessica Summers | Bloomberg News
October 13, 2017
Business, Fuel

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

A customer refuels his vehicle at a Hess Corp. gas station in Washington, D.C. 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.

Jessica Summers | Bloomberg News
September 20, 2017
Business, Fuel

Oil Breaches $50 as Worldwide Energy Demand Outlook Brightens

Employees torque a pipe at a wedge well at Cenovus Energy's Christina Lake in situ oil production facility in Conklin, Alberta, Canada. 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.

Jessica Summers | Bloomberg News
September 14, 2017
Business, Fuel

Crude 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.

Mark Shenk | Bloomberg News
April 19, 2017
Business, Fuel

Oil 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.

Grant Smith | Bloomberg News
April 18, 2017
Business, Fuel

Crude 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, 2017
Business, Fuel

Oil 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, 2017
Business, Fuel

Oil 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.

Wael Mahdi | Bloomberg News
March 27, 2017
Business, Fuel

Oil 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.

Mark Shenk | Bloomberg News
March 23, 2017