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, 2017opec
Business
J. N. Stuart/Flickr;
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.
October 13, 2017
Business, Fuel
Andrew Harrer/Bloomberg News
Oil 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, 2017
Business, Fuel
Brent Lewin/Bloomberg News
Oil 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, 2017
Business, Fuel
Matt Nager/Bloomberg News
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.
April 19, 2017
Business, Fuel
Luke Sharrett/Bloomberg News
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.
April 18, 2017
Business, Fuel
Andrey Rudakov/Bloomberg News
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
Andrey Rudakov/Bloomberg News
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
Andrey Rudakov/Bloomberg News
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.
March 27, 2017
Business, Fuel
Akos Stiller/Bloomberg News
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.
March 23, 2017Pages
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