[Myra P. Saefong, MarketWatch] Oil prices finished lower Tuesday, pulling back from three-year highs as traders awaited data due later this week on U.S. crude supplies and production. February West Texas Intermediate crude CLG8, -0.20% fell 57 cents, or 0.9%, to settle at $63.73 a barrel On the New York Mercantile Exchange. Prices had settled Friday at $64.30, the highest […]Continue Reading →
[The Daily Star via Bloomberg] Oil hovered close to a 30-month high as civil unrest in Iran heightened concern about potential supply disruptions in OPEC’s third-biggest crude producer. Futures held above $60 a barrel in New York. In Iran, the death toll mounted amid some of the most violent clashes in years between security forces […]Continue Reading →
[West Central Tribune via The Washington Post] Oil dropped from a 30-month high after days of civil unrest in Iran failed to interrupt supplies from OPEC’s third-biggest crude producer. Futures declined 0.3 percent in New York. Even as the death toll mounted in Iran amid violent clashes between security forces and protesters, the nation’s petroleum […]Continue Reading →
[Meenal Vamburkar, Bloomberg] Oil settled close to a 30-month high after days of civil unrest in Iran failed to interrupt supplies from OPEC’s third-biggest crude producer. Futures declined 0.1 percent in New York. Even as the death toll mounted in Iran amid violent clashes between security forces and protesters, the nation’s petroleum exports have yet to be impacted, according to […]Continue Reading →
[Naureen S Malik, Bloomberg] U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018. The eastern half of the country is locked in a deep freeze with the potential to generate the highest weather-driven gas demand […]Continue Reading →
[Mark DeCambre, MarketWatch] Natural-gas futures up 6.4%, booking its largest daily gain in about a year Crude-oil prices on Thursday finished with modest gains in an up-and-down session, as market participants grew optimistic about inventory reports that point to a steady decline in U.S. crude stocks. The U.S. Energy Information Administration reported that domestic-crude supplies fell by […]Continue Reading →
[Mark DeCambre and Barbara Kollmeyer, MarketWatch] January heating oil notches 52-week high as cold snap across the U.S. prompts buying Oil prices settled lower Wednesday, easing back from more-than-two-year highs after a pipeline explosion in Libya helped to deliver a jolt to crude futures. February West Texas Intermediate oil on the New York Mercantile Exchange […]Continue Reading →
[Jessica Summers, Bloomberg] Crude lingered near $57 a barrel for a third day as oil workers in Nigeria suspended a strike and repairs to a crucial North Sea pipeline proceeded apace. Futures slipped 0.2 percent in New York, erasing gains from earlier in the session. Managerial workers in Africa’s second-largest crude-producing nation halted their strike and agreed to reopen […]Continue Reading →
[Daniel J. Graeber, UPI] An OPEC spoiler, the United States, might be seeing some signs ahead of price pressures for shale. The lingering closure of a major North Sea crude oil pipeline network and a strike by Nigerian oil workers sent crude oil prices slightly higher Monday. Pipeline operator Ineos maintains it could be about a […]Continue Reading →
[Myra P. Saefong & Sarah McFarlane, MarketWatch] WTI crude prices get a boost from demand expectations. Prices for Brent crude, the global benchmark, rallied Monday to their highest settlement since mid-2015 following reports that a major North Sea pipeline will be shut down for weeks to repair a leak. U.S. oil prices, meanwhile, finished at […]Continue Reading →
[Joseph Woelfel, TheStreet.com] Here are three things you must know at midday on Monday, Dec. 11: 1. — Investors were rattled early Monday after the New York City Police Department confirmed that an explosion at the Port Authority in New York was a “terror-related incident.” But Wall Street proved resilient, with stocks trading higher after a muted start to […]Continue Reading →
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