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By Myra P. Saefong | MarketWatch | Traders ponder potential output spike, but the Fed’s a concern too Fifty dollars a barrel isn’t a magic price that will send oil producers scrambling to ramp up output, but a move above that level could offer just the added excuse the U.S. Federal Reserve needs to raise […]

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WSJ Podasts | What’s News w/John Wordock | Crude futures have hit their highest level in six months, topping $50 a barrel. Phil Flynn, senior market analyst at the Price Futures Group, sees oil prices heading even higher this summer. Podcast: http://www.wsj.com/podcasts/with-oil-at-50-flynn-sees-60-by-july-fourth/8B9A3EF5-48A0-4F1B-8420-3901B5EA28DD.html  

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By Grant Smith | Bloomberg | Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding. By stifling high-cost suppliers, the Saudi approach has now almost eradicated the global […]

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Channel NewsAsia | Oil prices surged to the highest levels this year on Wednesday after data showed a fall in US crude inventories that added to expectations of a tightening global market. Oil prices surged to the highest levels this year on Wednesday (May 25) after data showed a fall in US crude inventories that […]

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By Nicole Friedman and George Kantchev | The Wall Street Journal | A larger-than-expected decline in U.S. crude inventories buoys prices, but demand also drops U.S. oil prices pared gains Wednesday after the energy department reported continued declines in U.S. crude inventories and production last week but a drop in demand. U.S. inventories are closely […]

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BY BARANI KRISHNAN | Reuters | Oil prices rose on Tuesday as investors anticipated a weekly drawdown in U.S. crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. “We’re gearing up on expectations that the wildfires in Canada may finally be showing […]

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Investor’s Business Daily via Bloomberg News | Oil dropped for a fourth day, the longest stretch of declines in more than a month, as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell 0.7% in New York. Cooler weather is helping to control a blaze in […]

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By Mark Shenk | Bloomberg | Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell as much as 2.1 percent in New York. Cooler weather is helping to control a blaze in Canada’s oil-sands region and allowing Suncor Energy […]

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By TIMOTHY PUKO | The Wall Street Journal | Warmer weather forecasts boost expectations for demand. Natural-gas prices jumped to a 10-day high overnight as warmer weather forecasts boost expectations for demand. Natural gas for June delivery is up 3.5 cents, or 1.7%, at $2.097 a million British thermal units on the New York Mercantile […]

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GILLIAN RICH | Investor’s Business Daily | Despite a decline in U.S. output, oil stockpiles keep rising — thanks to unabated production overseas — but a “serious” supply drop will be seen soon. On Wednesday, the Energy Information Administration reported a surprise inventory increase of 1.3 million barrels vs. forecasts for a decline of 3 […]

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BY DEVIKA KRISHNA KUMAR | Reuters | A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over. Oil prices in global […]

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Myra P. Saefong | MarketWatch Oil futures rallied Monday as Goldman Sachs said that the market is now in a supply shortfall, boosting a sector that has suffered from a severe glut for almost two years. June West Texas Intermediate crude CLM6, +3.12% added $1.27, or 2.8%, to $47.48 a barrel on the New York […]

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