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Oil Prices Continue OPEC Rally

On December 5, 2016 - 11:15 AM By

Prices rise to fresh one-year high after the Organization of the Petroleum Exporting Countries agreed to pull back output By TIMOTHY PUKO and NEANDA SALVATERRA, The Wall Street Journal. Oil prices edged up to a fresh one-year high Monday, adding to last week’s sharp rally from OPEC’s agreement to cut production. The market is extending […]

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When will OPEC make its decision on oil?

On November 29, 2016 - 2:21 PM By

By Myra Saefong, MarketWatch. The much-anticipated event for the oil market this week is Wednesday’s meeting of the Organization of the Petroleum Exporting Countries, where members are expected to hash out details of a proposal to curb crude production. Whether or not the 14-member group of major oil producers is able to reach a final […]

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Scott DiDavino, Reuters. Oil turned negative in volatile trade on Tuesday on worries Iran and Iraq were not ready to agree on an OPEC output freeze after prices earlier rose to the highest level this month on reports cartel members had overcome their internal disputes. Analysts said the market will remain sensitive to comments from […]

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Eli Wright, Investing.com. Oil prices gave energy stocks a boost yesterday, bumping Wall Street to all-time highs. Asian markets followed overnight. The Nikkei closed 0.31% higher, at 18,162.94; the Shanghai Composite was up 0.91% to 3,247.52; and the Hang Seng jumped 1.56% to 22,707. In Europe, markets opened higher, with the FTSE up 1% to […]

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Oil Futures Mixed Ahead of OPEC Meeting

On November 22, 2016 - 1:04 PM By

George Orwel, DTN Energy Reporter. New York Mercantile Exchange oil futures were mixed at the start of regular trade Tuesday morning after rallying overnight to three-week highs in anticipation the Organization of the Petroleum Exporting Countries would finalize an agreement by next week to curb crude production and would be joined by Russia, the world’s […]

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By Myra P. Saefong & Dan Strumpf, MarketWatch. Market also weighs risk of rise in U.S. crude production. Oil futures fell back toward session lows Tuesday after a report said the Organization of the Petroleum Exporting Countries will wait until Nov. 30 to debate a proposal from Algeria to cut member output. The proposal calls […]

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By David Gaffen, Reuters. Oil prices rose over 3 percent to a three-week high on Monday, catching a lift from a weaker dollar, as major oil producing countries appeared to be moving closer to agreeing to limit output. Brent crude oil has risen 11 percent in a week since Saudi Arabia, the de facto leader […]

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Natural Gas Gains as Winter Weather Approaches

On November 21, 2016 - 12:22 PM By

By Stephanie Yang, The Wall Street Journal. Natural gas price rose to a three-week high on Monday, as colder weather boosted optimism over demand for heating consumption. Futures for December delivery were recently up 11.1 cents, or 3.9% to $2.954 a million British thermal units on the New York Mercantile Exchange. Natural gas prices traded […]

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AlisonSider, The Wall Street Journal. Natural-gas prices rose Friday amid forecasts of approaching cooler weather that could bring more demand. Natural-gas prices were up 11.8 cents, or 4.37%, to $2.821 a million British thermal units on the New York Mercantile Exchange. Warm weather throughout the fall has raised concerns about anemic demand, with natural gas […]

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Gillian Rich, Investor’s Business Daily. Ageria said Thursday the proposed OPEC output cut would last for at least six months, and analysts believe that even a deal as short as that would have some benefits for oil markets. In September, OPEC agreed to trim production to 32.5 million-33 million barrels per day, down from 33.64 million barrels […]

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The Little Shop of Ags! With Jerry Gidel!

On November 16, 2016 - 12:14 PM By

[PRICE Links Video] Phil Flynn discusses the growing, growing U.S. Agriculture crops with Senior Grain Strategist Jerry Gidel. August rains & the extended fall season helped lead to record yields in Corn and Soybeans.Phil and Jerry talk about current prices, demand concerns with the Dollar post-election, and the future impact of global supply/demand factors. Past […]

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Oil Prices Bounce on Hopes of OPEC Deal

On November 15, 2016 - 12:38 PM By

Sarah McFarlane and Dan Strumpf, The Wall Street Journal. Oil futures bounced off a three-month low Tuesday, bolstered by speculation that members of the Organization of the Petroleum Exporting Countries are working out the details of a proposed cut in crude output. Light, sweet crude for December delivery was recently up $1.60 or 3.7%, at […]

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