Oil prices rise on news that OPEC could extend production cuts

opec logo
From Myra P. Saefong and Barbara Kollmeyer:
NYSE:USO May 20, 2019 12:53pm

Why is the oil market so volatile?

Market Volatility
From Myra P. Saefong: Oil trading has been particularly volatile lately, as concerns mount about threats to both global supplies and demand.
NYSE:USO May 17, 2019 3:35pm

As the trade-war escalates, where are oil prices headed?

From Kathy Lien:
This has been a great year for oil. The price of crude is up 30 percent from its December low and oil bulls are wondering if there's more room to rise. The economy is recovering and many central bankers including Federal Reserve Chairman Jerome Powell feel that uncertainty is easing, and global growth is improving.
NYSE:USO

Oil continues to trade higher due to rising tensions in the Middle East

From Reuters: Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
NYSE:USO May 16, 2019 12:32pm

International Energy Agency lowers forecast for oil due to tightening supplies

From David Hodari: Global oil supply dropped in April as falling production from sanction-hit Iran and dwindling supply in non-OPEC nations buoyed crude prices to a five-month high, the International Energy Agency said Wednesday.
NYSE:USO May 15, 2019 12:19pm

Oil trades higher after report of new attacks on Saudi production

oil increase and decrease stock photo
From Myra P. Saefong and Rachel Koning Beals : Oil futures shot higher Tuesday amid a new report of attacks on major Saudi facilities, which helped to raise supply concerns and push up prices.
NYSE:USO May 14, 2019 11:40am

Oil reverses course, closes at 6-week low

oil derrick
From Reuters: Oil futures fell on Monday with Wall Street, as worries about the Sino-U.S. trade talks spooked investors who had sent oil higher in early trade on concerns that tanker attacks in the Middle East could disrupt supplies.
NYSE:USO May 13, 2019 3:02pm

Oil prices are rising after Saudi Arabia says oil tankers were attacked

From Reuters : Oil futures rose on Monday on increasing concerns about supply disruptions in the Middle East even as investors and traders fretted over global economic growth prospects amid a standoff in the Sino-U.S. trade talks.
NYSE:USO

Oil prices slide despite bullish OPEC report

From Myra P. Saefong: Crude-oil production by the Organization of the Petroleum Exporting Countries edged up by 30,000 barrels a day to 30.26 million barrels a day in April, according to an S&P Global Platts survey issued Thursday. Individual output levels varied month on month among the 14 OPEC members, the survey showed, with "Iran's sanctions-induced slump and Angola's drop offset by significant rises in Nigeria and Iraq and recoveries in crisis-torn Libya and Venezuela." Saudi Arabia held its April production at 9.82 million barrels a day, the lowest in over four years and "well below its quota under an OPEC/non-OPEC accord, the survey said. June crude CLM9, -0.58% was down 88 cents, or 1.4%, at $61.24 a barrel on the New York Mercantile Exchange. July Brent LCON9, +0.09% traded at $69.61, down 76 cents, or 1.1%
NYSE:USO May 9, 2019 2:55pm

Oil edges trades higher after weekly EIA report lifts forecast

From Myra P. Saefong : Crude-oil prices fell Tuesday, but settled off the session's worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset worries that a protracted trade conflict between the U.S. and China will hurt energy demand.
NYSE:USO May 8, 2019 1:23pm

Oil prices rally off lows due to increased US-Iran tension

From Myra P. Saefong and Mark DeCambre: Crude-oil prices pared earlier losses on Tuesday, as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset lingering worries that a protracted trade conflict between the U.S. and China will hurt energy demand.
NYSE:USO May 7, 2019 2:01pm

Oil prices steady, even after growing US-China trade concerns

From Myra P. Saefong and Barbara Kollmeyer: Crude-oil prices edged lower as investors expressed concern that trade talks between the U.S. and China were verging on collapse.
NYSE:USO May 6, 2019 1:30pm

Iran’s oil minister warns that OPEC is ‘likely to collapse’

From Arsalan Shahla and Grant Smith: Iran's oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia's pledge to fill the supply gap created by U.S. sanctions on Iranian exports.
NYSE:USO May 3, 2019 3:30pm

Oil prices plummet, despite global geopolitical concerns

From Tom DiChristopher: Oil prices fell as much as 4% on Thursday, breaking through a key support level and threatening to tumble even further.
NYSE:USO May 2, 2019 1:07pm

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