Oil prices are approaching breakout levels

oil pump
From Tom DiChristopher:
NYSE:USO February 15, 2019 12:15pm

Oil prices move higher on reports of supply cuts

oil pump
From Tomi Kilgore: Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices. The energy sector was the best performing of the S&P 500's 11 key sectors, with the SPDR Energy Select Sector ETF XLE, +0.95% climbing 2.0% with all 30 equity components gaining ground. The biggest gainer was Newfield Exploration Co.'s stock NFX, +7.69% which ran up 4.5%. Among other more-active components, shares of Marathon Oil Corp. MRO, +0.42% advanced 2.5%, Kinder Morgan Inc. KMI, +1.27% rose 1.5%, Exxon Mobil Corp. XOM, +0.55%tacked on 1.2%, Schlumberger NV SLB, +1.26% climbed 2.3%, and Chevron Corp.CVX, +0.31% gained 1.3%. Meanwhile, crude oil futures CLH9, +2.07% ran up 2.0%. The energy ETF has hiked up 13.9% year to date, while the S&P 500SPX, +0.27% has rallied 10.1%.
NYSE:USO February 13, 2019 1:23pm

Oil prices trade nearly 3% higher on Saudi and OPEC cuts

oil pump
From Noah Browning:

LONDON (Reuters) - Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.

NYSE:USO February 12, 2019 11:37am

Oil on pace for a 5% weekly drop, due to a weakening global economy and a slowdown in energy demand

oil pump
From Myra P. Saefong: Oil futures remained stuck in a tight trading range Friday, with U.S. the benchmark on track for a weekly loss of nearly 5%, as signs of a weakening global economy threaten a slowdown in energy demand.
NYSE:USO February 8, 2019 1:39pm

Oil prices decline on risks to energy demand, strong USD and possible boost Libya output

oil pump
From Myra P. Saefong & Rachel Koning Beals: Oil futures declined on Thursday, pressured by risks to energy demand, a stronger dollar and reports that Libya could soon increase production.
NYSE:USO February 7, 2019 12:10pm

Oil prices move higher as weekly report show smaller-than-expected increases

natural gas pipe
From Myra P. Saefong: Oil futures turned higher on Wednesday after weekly U.S. government data revealed smaller-than-expected increases in domestic crude and gasoline supplies, but concerns surrounding a potential slowdown in global energy demand continued to limited any price gains.
NYSE:USO February 6, 2019 12:32pm

5 vital themes that will shape global Natural Gas markets in 2019

stock ticker board
From Rystad Energy: A new report from Rystad Energy identifies five vital themes that will shape global gas markets in 2019.
NYSE:USO February 5, 2019 1:09pm

Oil holds near multi-month high on concerns about the political crisis in Venezuela

oil pump
From Myra P. Saefong & Rachel Koning Beals: Oil futures inched lower Tuesday, but held ground near multimonth highs as investors weighed concerns about global energy demand against the price-supportive news from the political crisis in Venezuela.
NYSE:USO

Oil prices rise as US reports big surge in employment

oil pump
From Reuters:
NYSE:USO February 1, 2019 1:37pm

Oil prices surge after U.S. Treasury Secretary signals a possible truce in trade war with China

oil pump
From Alex Nussbaum:

(Bloomberg) -- Oil prices jumped higher after U.S. Treasury Secretary Steven Mnuchin signaled a truce is possible in the trade war with China amid multiplying threats to global crude supplies.

NYSE:USO January 30, 2019 2:56pm

Crude oil prices tumble, reflecting supply concerns

oil pump
From Myra P. Saefong: Oil prices fell sharply on Monday, reflecting fresh concerns over supply after data late last week showed a hefty weekly rise in the U.S. oil-rig count, which implies higher future production activity.
NYSE:USO January 28, 2019 12:25pm

U.S. crude stockpiles at a 2-month high, but prices stable due to concerns tied to Venezuela

oil pump
From Rachel Koning Beals: Crude prices ticked higher Friday, after flipping between losses and gains, as supply concerns tied to Venezuela outweighed a report showing a two-month high in U.S. crude stockpiles.
NYSE:USO January 25, 2019 1:27pm

Oil prices drop after report that EU may be able to skirt Iran sanctions

Oil Prices
From Myra P. Saefong: Oil futures turned sharply lower on Wednesday afternoon.
NYSE:USO January 23, 2019 12:53pm

Oil prices move higher due to the improving U.S.-China trade picture

oil prices
From Myra P. Saefong: Oil futures climbed higher Tuesday, recouping some of the losses suffered over back-to-back sessions as global trade relationships and other energy demand signals, especially around China and the U.S., remain a factor for markets.
NYSE:USO January 15, 2019 12:58pm

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