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By Barani Krishnan | Reuters | NEW YORK, Oct 30 (Reuters) – Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. Both benchmark Brent [...]

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By Jesse Solomon | CNN Money | The price is not right for many oil rich nations. Oil is selling for roughly $83 a barrel on the global market. That’s bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order [...]

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Hellenic Shipping News | OPEC ‘s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend-meaning OPEC is losing its power to set global prices for crude. [...]

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By Elizabeth Douglass, InsideClimate News ‘There’s definitely going to be less money flowing into [oil stocks] than we’ve seen in the last couple years,’ says Phil Flynn, senior oil analyst. The recent dive in oil prices is undermining oil company earnings, projects and stock prices—at least for now—giving new ammunition to climate action groups pushing [...]

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  In the Den with Simon Townshend! [PRICE Links Video] Recorded 10/24/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top analysts that [...]

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By Moming Zhou | Bloomberg West Texas Intermediate crude fell to the lowest in almost 28 months as Goldman Sachs Group Inc. joined other banks in lowering price forecasts amid concern supplies are outpacing demand. Brent slid for a second day. WTI will trade at $75 a barrel in the first quarter, down from an [...]

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  The Most Important Fuel? Natural Gas with Jim Nolan. [PRICE Links Video] Recorded 10/23/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s [...]

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By Moming Zhou | Bloomberg West Texas Intermediate crude was little changed before an Energy Information Administration report that may show U.S. inventory growth slowed. Brent rose. Crude stockpiles may have increased 3 million barrels in the week ended Oct. 17, a Bloomberg survey showed. The American Petroleum Institute said yesterday that supply climbed 1.2 [...]

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By Mark Shenk | Bloomberg West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.6 percent in New York and 1.3 percent in London. China’s gross domestic product rose 7.3 percent in the July-September [...]

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By Ellis Hensley | Brent crude oil prices fell lower than $86 a barrel on Monday, which is a good sign for consumers, but bad for oil companies. In fact, production has been so good during the high-priced summer that now there is far more oil than there is demand for it. As consumers approach [...]

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Oil Prices Halt Steep Slide

On October 17, 2014 - 10:10 AM By

By Christian Berthelsen | Wall Street Journal Crude-oil prices arrested their steep slide Friday amid sentiment that the recent selloff was overdone. Light, sweet crude for November delivery was up 94 cents, or 1.1%, to $83.64 a barrel on the New York Mercantile Exchange, after being up as much as 2.1% over Thursday’s close earlier [...]

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Gas Prices Trending Toward $3 Mark [Video]

On October 17, 2014 - 8:33 AM By

CHICAGO (FOX 32 News) – Gas prices are heading down toward the $3 mark. Fox Network business analyst Phil Flynn joined Good Day to talk about this trend. FOX 32 News Chicago http://www.myfoxchicago.com/clip/10707713/gas-prices-trending-toward-3-mark

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