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By Grant Smith & Moming Zhou | BloombergBusiness Oil traded near the highest price this year on concern that Saudi Arabia’s military campaign in Yemen will disrupt Middle East supplies. Saudi Arabia deployed National Guard troops to its southern borders, state-run Saudi Press Agency reported, a month after airstrikes were launched on Houthi rebels in [...]

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By Steve LeVine | Quartz.com The last 11 months have been an unlikely journey for oil, with its widely unanticipated price dive, Saudi Arabia’s uncharacteristic refusal to stem the bloodletting, and financial havoc for petro-powers and energy companies. But as improbable as the journey has been, it is not over. A number of leading analysts say [...]

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By Lynn Doan and Dan Murtaugh | BloombergBusiness Oil needs to recover to $65 a barrel for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya. Dipping into this “fracklog” would add an extra 500,000 barrels a day of oil into the [...]

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By Mark Shenk | BloombergBusiness Crude climbed to a four-month high after Saudi Arabia renewed its aerial assault on Shiite rebels in Yemen, bolstering concerns that Middle Eastern oil shipments may be disrupted. Futures rose 2.8 percent in New York and 3.4 percent in London as the Saudi-led raids marked an escalation of the civil [...]

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By Moming Zhou | BloombergBusiness U.S. oil futures climbed near their highest level of the year on speculation that supply growth is beginning to slow. Genscape Inc. was said to report a drop in inventories at Cushing, Oklahoma, the delivery point for West Texas Intermediate contracts, in the second half of last week, according to [...]

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By Shawn Ingram | TheStreet.com Shares of SandRidge Energywere gaining 2.2% to $2.08 Monday as oil prices were rising due to a drop in stockpiles at the delivery point for U.S. crude. WTI crude oil for May delivery was up 1.4% to $56.51 a barrel Wednesday, and Brent crude oil for June delivery was up 0.1% [...]

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By Moming Zhou | BloombergBusiness Hedge funds increased bets on rising oil prices to an eight-month high amid signs U.S. production is slowing. Speculators boosted their net-long position in West Texas Intermediate crude by 9 percent in the seven days ended April 14 to the highest since August, U.S. Commodity Futures Trading Commission data show. [...]

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By Collin Eaton | Via FuelFix.com Oil prices eased down early Thursday after the Saudi Arabia-led cartel of oil-exporting nations said its members boosted daily crude production by 810,000 barrels last month. The Organization of the Petroleum Exporting Countries also predicted output from U.S. oil fields would stall out and eventually fall later this year [...]

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BY ROBERT GIBBONS | Reuters Crude oil prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Hadramout region exporting an average of 120,000 [...]

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Oil Prices Fall on Rising OPEC Production

On April 16, 2015 - 10:37 AM By

By NICOLE FRIEDMAN | The Wall Street Journal Oil prices slipped Thursday after the Organization of the Petroleum Exporting Countries confirmed that its production rose in March. Light, sweet crude for May delivery recently fell 66 cents, or 1.2%, to $55.73 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 78 [...]

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By Suzanne O’Halloran | Fox Business Don’t be surprised if it costs you more money to fill your gas tank on Thursday warns Michael Green, spokesperson at AAA. “There is a good chance that many drivers will wake up to higher gas prices” following the big spike in oil this week, he said. Green notes “it’s [...]

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Oil Nears $54 Level Ahead of Key Reports

On April 14, 2015 - 1:08 PM By

By Suzanne O’Halloran | Fox Business West Texas Intermediate Crude prices crossed the $53 dollar a barrel mark mid-morning and are now on track for the fourth day of gains. Phil Flynn, senior market analyst at Price Futures Group and FOX Business contributor, says “there is momentum that output may be peaking” after data from [...]

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