Oil prices move higher as traders pore over data showing a rise in monthly OPEC output

Oil Prices
From Myra P. Saefong & Rachel Koning Beals: Oil prices moved higher Thursday as traders pored over data showing a rise in monthly OPEC output, as well as a recent report of a weekly decline in U.S. crude supplies and production.
NYSE:OIH December 13, 2018 12:08pm

Oil prices rise after weekly U.S. crude supply declined for second week in a row

Oil Prices
From Myra P. Saefong & Rachel Koning Beals: Oil prices gained on Wednesday after the U.S. government said domestic crude supplies declined for a second week in a row, though by much less than the market expected.
NYSE:OIH December 12, 2018 12:07pm

Bank of America forecasts higher prices for oil in 2019

Oil Prices
From Natasha Turak : A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel.
NYSE:OIH December 11, 2018 12:59pm

Oil prices decline, fail to extend rally after OPEC-led production cut

Oil Prices
From Myra P. Saefong & RACHEL KONING BEALS: Oil futures moved lower on Monday in a bout of consolidation after an announced OPEC-led production cut on Friday triggered a rally in prices for the session and the week.
NYSE:USO December 10, 2018 12:30pm

OPEC and Russia agree to cut oil production and boost market

Oil Prices
From Tom DiChristopher & Sam Meredith: Major oil producers have reached a deal to cut oil production and boost the market.
NYSE:USO December 7, 2018 12:29pm

Oil Prices Drop More Than 4% Despite Large Crude Draw

Oil Prices
From Irina Slav: As oil markets hold their breath for OPEC+'s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil bulls by reporting an inventory draw in crude oil of 7.3 million barrels for the week to November 30.
NYSE:USO December 6, 2018 12:05pm

Oil prices edged higher as investors await clarity on possible output cut by major producers

Oil Prices
From Myra P. Saefong & Rachel Koning Beals: Oil prices edged higher on Wednesday as global investors awaited clarity on a possible, but far-from-assured, output cut by major producers gathering in Vienna.
NYSE:USO December 5, 2018 1:14pm

Oil struggles to hold gains amid trade and output cut uncertainty

oil derrick
From Reuters:
NYSE:USO December 4, 2018 2:58pm

Oil prices jump after the US and China agreed to a 90-day truce in a trade dispute

Oil Prices
From Reuters:
  • Both global oil benchmarks are rose after U.S. and China announce 90-day trade war truce.
NYSE:USO December 3, 2018 1:13pm

U.S. oil prices briefly fall under $50, ahead of OPEC gathering at G-20

Oil Prices
From Myra P. Saefong & Rachel Koning Beals: Oil prices fell Friday, with U.S. benchmark crude touching lows under $50 a barrel, after bouncing Thursday on reports that Russian officials are signaling a likely output cut in tandem with other major producers.
NYSE:USO November 30, 2018 12:04pm

U.S. oil benchmark dips below $50, then rallies

Oil Prices
From Myra P. Saefong: Oil futures climbed sharply on Thursday, bouncing back from an earlier decline that pulled the U.S. crude benchmark below $50 a barrel for the first time since October 2017.
NYSE:USO November 29, 2018 12:25pm

Oil moves lower on demand concerns, dollar strength

oil pump
From Myra Saefong: Oil futures reversed course Tuesday afternoon to trade lower, with global benchmark prices slipping back below $60 a barrel. Expectations for a slowdown in global economic growth that may lead to lower energy demand, as well as strength in the U.S. dollar contributed to oil's prices losses, said Phil Flynn, senior market analyst at Price Futures Group. The benchmark ICE U.S. Dollar Index DXY, +0.31% rose after Federal Reserve Vice Chairman Richard Clarida said in a speech Tuesday that he backed continued gradual interest rate hikes. January West Texas Intermediate oil CLF9, -0.70% fell by $1.19, or 2.3%, to $50.45 a barrel on the New York Mercantile Exchange after an earlier high above $52. January Brent crude LCOF9, -0.99% traded at $59.53, down 95 cents, or 1.6%.
NYSE:USO November 27, 2018 2:39pm

Goldman Sachs Predicts Commodities Will Soar in 2019

Oil Prices
From Sam MeredithGoldman Sachs said Monday commodities could surge around 17 percent over the coming months, with a fast-approaching G-20 meeting cited as a potential launchpad for raw materials.
NYSE:USO November 26, 2018 11:43am

Oil tumbles more than 7%, now down more than 30% in 7 weeks

Oil Prices
From Sam Meredith & Tom DiChristopher:  The latest wave of energy market selling comes amid escalating concerns about an increase in global supply and a slowdown in economic growth.
NYSE:USO November 23, 2018 3:47pm

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