Oil prices close lower today but climb higher for a third straight week

oil pump
From Myra P. Saefong: Oil futures fell on Friday, with losses fed by worries over a slowdown in global energy demand, but prices climbed for a third straight week on expectations for tighter crude supplies. May West Texas Intermediate oil CLK9, -1.68% fell 94 cents, or 1.6%, to finish at $59.04 a barrel on the New York Mercantile Exchange. The contract still rose about 0.4% for the week, according to FactSet data.
NYSE:USO March 23, 2019 12:07pm

Oil prices remain above $60

oil pump
From Myra P. Saefong and William Watts: Oil futures struggled for direction on Thursday, with U.S. benchmark holding above the key $60 mark as it seesawed between modest gains and losses, but global oil prices eased back from the four-month high set in the previous session.
NYSE:USO March 21, 2019 2:33pm

Oil prices rise to highest levels since November

oil pump
From Myra P. Saefong & Rachel Koning Beals: Oil prices rose on Wednesday, giving up earlier losses after U.S. government data revealed a nearly 10 million-barrel weekly drop in domestic crude inventories, along with hefty declines in both gasoline and distillate stockpiles.
NYSE:USO March 20, 2019 12:37pm

Oil prices hit new 2019 high

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From Reuters:
NYSE:USO March 18, 2019 2:44pm

Goldman Sachs says demand for oil is growing faster than forecast

goldman sachs stocks
From Tom DiChristopher:
NYSE:USO March 15, 2019 11:41am

Oil moves higher due to declines in U.S. supplies and global production

oil pump
From Myra P. Saefong and Mark DeCambre: Oil futures split ways on Thursday, with U.S. prices edging higher after recent data revealed a weekly decline in domestic supplies, but global prices heading lower in the wake of a reported delay in the U.S.-China trade discussions and a slowdown in OPEC output cuts.
NYSE:USO March 14, 2019 3:06pm

Oil prices rise after weekly report shows US crude inventories fell by 3.9 million barrels

oil pump
From Reuters: Oil prices rose on Wednesday, buoyed by a large U.S. inventories drawdown and as sanctions stall exports from Venezuela.
NYSE:USO March 13, 2019 11:16am

EIA trims its forecasts for U.S. crude production for 2019 and 2020, lifts price expectations

natural gas pipe
From Myra P. Saefong: The U.S. Energy Information Administration trimmed its forecasts for U.S. crude production for this year and next and lifted its 2019 forecasts for U.S. and global benchmark oil prices, according to its Short-term Energy Outlook report released Tuesday. The EIA forecasts 2019 U.S. crude production of 12.3 million barrels a day, down 0.9% from the February forecast. It also lowered its 2020 output view by 1.3% to 13.03 million barrels a day. For 2019, the government agency lifted its West Texas Intermediate crude price outlook by 2.4% to $56.13 a barrel and its Brent view by 2.9% to $62.78. May Brent LCOK9, +0.20% was up 20 cents, or 0.3%, at $66.78 a barrel. April WTI CLJ9, +0.30% added 35, or 0.6%, to $57.14 a barrel.
NYSE:USO March 12, 2019 4:51pm

Oil prices near highest levels of 2019 due to signs of supply crunch

oil pump
From Myra P. Saefong & Mark Decambre: Crude-oil futures climbed for a second session on Tuesday, with prices teasing their highest settlements of the year on the back of tightening Venezuelan supplies and signs that OPEC would continue cutting output into the second half of the year.
NYSE:USO

Oil prices climb after Saudi Arabia signals output cut

oil pump
From Noah Browning: LONDON (Reuters) - Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity.
NYSE:USO March 11, 2019 11:27am

Oil prices fall as U.S., China financial data show global growth concerns

oil pump
From Myra P. Saefong and William Watts: Oil futures dropped about 3% on Friday, prompting a turn lower for the week, as a downbeat employment report from the U.S. and trade data from China reinforced worries about global economic growth, and energy demand.
NYSE:USO March 8, 2019 12:04pm

After weekly report, oil prices sag in choppy trade

natural gas pipe
From Reuters:
NYSE:USO March 6, 2019 1:09pm

Oil drilling activity in the U.S. is slowing, but output is still rising.

oil pump
From Reuters:
NYSE:USO March 4, 2019 3:13pm

Oil prices fall 2% on bearish US manufacturing data

oil pump
From Reuters: Oil prices reversed course on Friday, falling 2 percent as bearish U.S. manufacturing data stoked concerns over global energy demand growth.
NYSE:USO March 1, 2019 2:15pm

Is $57 WTI Crude Oil Sustainable?

oil pump
From Michael Lynch:

When the price of oil was over $100 a barrel, I was often derided for suggesting that level was a) elevated and b) unsustainable. (I was also derided in 2006 for suggesting in Forbes the price might go as low as $20 by 2008, which it almost did, but not because of market fundamentals as I thought but rather due to the financial crisis. Mea very culpa. But when the price soared in 2008 and I wrote columns titled "Investing for the Oil Price Collapse," the response was beyond derisive, so tongue-stuck-out-emoji.)

NYSE:USO February 28, 2019 12:39pm

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