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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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  Fed Outlook with Average Joe Todd  Bubba Horwitz [PRICE Links Video] Recorded 10/21/14 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 [...]

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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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By Moming Zhou | U.S. crude oil output is forecast to reach a 45-year high next year, swelling inventories and pushing down forward prices. December 2016 futures for West Texas Intermediate oil became more expensive than December 2015 contracts on Oct. 9 for the first time since 2011. The 2016 futures traded at a premium [...]

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NEW YORK (CNNMoney) | In early March when Russia first sent troops into Ukraine, oil was trading comfortably above $100 per barrel. Now, it’s around $81, a level not seen in three years. That’s a tough pill for Russia to swallow since the country relies heavily on oil revenues to bankroll its budget — over [...]

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New York (Platts) | The oil complex closed down Wednesday, but managed to pare early declines after the dollar weakened on expectations the US Federal Reserve would delay hiking interest rates. Crude futures on both sides of the Atlantic saw prices plunge overnight before recovering slightly in New York trading. Front-month NYMEX crude settled down [...]

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By Jessica Resnick-Ault | NEW YORK, Oct 14 (Reuters) – Oil prices plunged nearly $3 a barrel on Tuesday, on track for the biggest one-day slide in over a year after the West’s energy watchdog cut its estimates for oil demand and U.S. forecasts projected another big bump in shale production. Adding to the bearish [...]

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By William Watts | NEW YORK (MarketWatch) — The collapse in crude-oil prices continued Tuesday, with the U.S. benchmark hitting its lowest level since November 2012 after the International Energy Agency made a further cut to its forecast for demand growth. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -1.71% traded [...]

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Knoxville, Tennessee (Platts) | NYMEX November natural gas futures settled 1.4 cents higher at $3.859/MMBtu Friday as the market sought direction amid mild weather forecasts and the aftermath of another strong storage injection. The prompt month traded in a tight, 5.5-cent range as the after-effects of a second triple-digit injection reported Thursday continued to weigh [...]

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