Currently viewing the tag: "Media & News"

[Myra P. Saefong, MarketWatch] Expectations for OPEC output-cut extension grow Crude-oil prices marched higher Monday, lifting West Texas Intermediate crude to its highest level in about five months and Brent crude to a more than two-year high amid a growing market consensus that an OPEC-led deal y major producers limiting output will be extended. October […]

Continue Reading

Balanced sentiment drives oil prices higher

On September 25, 2017 - 1:46 PM By

[Daniel J. Graeber, UPI] The markets are still dealing with the hangover from recent hurricanes in North America. Sentiment that the global market for crude oil is returning to balance after years of supply-side strains pushed oil prices toward an eight-month high Monday. Traders last week were left waiting after ministers monitoring the effort led […]

Continue Reading

[Ryan Collins and Brian K Sullivan, Bloomberg] The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool. Gas flows to the region increased 7 percent in the last week, reaching 1.7 billion cubic feet a day on Thursday, the most since May 13. That […]

Continue Reading

Oil Futures Up on EIA Data, OPEC Talk

On September 20, 2017 - 5:40 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures rallied Wednesday afternoon, with October West Texas Intermediate crude oil settling above $50 per barrel (bbl) and at the highest level in four months, powered by bullish weekly U.S. oil data and on the prospect of prolonged cuts to oil production by the world’s leading […]

Continue Reading

[Myra P. Saefong & Sara Sjolin, MarketWatch] WTI oil rallies for the session, but loses about 6% for the month. The October contract for WTI crude saw about a slide of 5.9% in August, according to Dow Jones data, while Brent lost 0.5% for the month. Crude got a boost Thursday with the assumption that […]

Continue Reading

[Matthew Rocco, Fox Business] Harvey flooding leads to shutdown of largest US refinery Motiva PRICE Futures Group’s Phil Flynn on Harvey’s impact on the oil market. Watch the latest video at video.foxbusiness.com Gasoline prices continued to climb nationwide Wednesday, as Hurricane Harvey forced more refineries to shut down and put a critical pipeline in jeopardy. […]

Continue Reading

[Reuters] U.S. natural gas futures rose more than 1 percent after touching a nearly three-week low on Monday as concerns about a tighter market following Tropical Storm Harvey offset any effects from forecasts of lower cooling demand. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 4.3 cents, or 1.5 […]

Continue Reading

Crude oil prices sink while gasoline soars

On August 28, 2017 - 1:54 PM By

[Carl Surran, Seeking Alpha] While Hurricane Harvey sends gasoline futures prices soaring, U.S. crude oil -2.5% at $46.67 in volatile trading as diminished supply is more than offset by the hit to demand for crude by refinery shutdowns. Brent crude’s premium to WTI widened to the largest in two years, trading more than $5 above […]

Continue Reading

[FoxBusiness.com] Hurricane Harvey’s impact on gas prices PRICE Futures Group’s Phil Flynn on the impact of Hurricane Harvey on oil and gas. Watch the latest video at video.foxbusiness.com Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking […]

Continue Reading

[Matthew Rocco, Fox Business] Hurricane Harvey’s impact on U.S. oil production could extend beyond offshore platforms and Gulf Coast refineries. Extreme flooding threatens to bring Texas shale activity to a halt, and it may take weeks, if not months, before some shale fields can bounce back. Forecasters are warning residents of life-threatening conditions from Hurricane […]

Continue Reading

[Myra P. Saefong & Sara Sjolin, MarketWatch] Traders weigh impact on refineries, output and demand. Gasoline futures pulled back after touching their highest levels in more than five months on Friday, but still look set for their largest weekly gain in a month, while U.S. oil prices edged up to pare their weekly loss. Hurricane […]

Continue Reading

PRICE Futures Group’s Phil Flynn on the state of the oil market. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/5549117760001/?#sp=show-clips

Continue Reading