By Jarrett Renshaw | Reuters The resurgence in U.S. driving continued with force in September, as motorists logged 259.9 billion road miles, a 4.3 percent bump from last year and the most in the month’s history, according to new data released Friday by the U.S. Department of Transportation The strong September figures contributed to a […]Continue Reading →
Reuters | Oil prices rose on Monday after strong losses last week, as Friday’s deadly attacks in Paris raised geopolitical tensions that some said could threaten global oil supply. France carried out air strikes overnight in Syria against Islamic State, which claimed responsibility for the Paris attacks, and on Monday called on the United States […]Continue Reading →
Trading Room | AAP A summary of trading in key commodities markets overseas: ENERGY Crude prices have pushed higher after US-led coalition jets targeted the Islamic State group’s oil operations in retaliation following the deadly attacks on Paris. The gains were not whole-hearted; early weakness in the market came after Japan, a major importer, reported […]Continue Reading →
By EFT.com Over the past year, oil has been having a rough and ugly ride. From a peak of more than $106 a barrel last June to a trough of less than $38 this August, oil prices faced one of their worst declines in modern history in 2014 and 2015. Oil companies responded by sharply […]Continue Reading →
By THE ASSOCIATED PRESS via The New York Times Stock indexes ended lower on Wednesday after a day of wavering between small gains and losses. A weak report from Macy’s pushed retail stocks lower, and energy shares retreated as the price of oil fell. Macy’s plunged 14 percent, its largest one-day drop in seven years. […]Continue Reading →
By Mark DeCambre | MarketWatch Crude-oil prices tumbled Wednesday, closing sharply lower on the heels of weekly crude-oil supply data late Tuesday that surprised investors, sparking fresh worries about growing U.S. crude stockpiles. On the New York Mercantile Exchange, December West Texas Intermediate crude CLZ5, +0.47% shed $1.28, or 2.9%, to settle at $42.93 a […]Continue Reading →
By TV Newsroom | Benoit Faucon and Will Connors Brent crude futures were up 33 cents at 49.12 dollars. A global economic slowdown led by China has hammered demand for the commodity and highlighted fears there may not be enough economic activity to soak up excess supplies, as output from oil-producing nations remains high. But […]Continue Reading →
By Myra P. Saefong | MarketWatch Natural-gas futures climbed by more than 3% on Thursday, set to log their highest settlement in more than a week, after a U.S. government report revealed a weekly climb in supplies for the commodity that was less than the market expected. Oil futures, meanwhile, looked set to mark their […]Continue Reading →
BY BLOOMBERG NEWS via Investor’s Business Daily Oil steadied after its biggest rally in eight weeks in New York as the focus shifted from rising U.S. refinery demand to the prospects for a U.S. interest-rate gain this year.
Futures edged 0.3% higher after surging 6.3% Wednesday. U.S. refiners boosted operating rates last week, according […]
Geopolitical risks weighing on oil prices?
Oct. 29, 2015 – 1:10 – FNC contributor Phil Flynn on the outlook for oil prices. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/4585450292001/geopolitical-risks-weighing-on-oil-prices/?#sp=show-clips
Las Vegas Review-Journal via Reuters The average price of gasoline in the United States fell another 10.5 cents, with consumers poised to save nearly a dollar a gallon at the pump compared with a year ago, according to a Lundberg survey released on Sunday. Bigger U.S. oil inventories and a strengthening U.S. dollar means “the price […]Continue Reading →
By Christian Berthelsen | The Wall Street Journal Oil prices fell Wednesday as a key U.S. report showed stockpiles rising more than expected, adding to a bearish backdrop amid a global glut of crude. The U.S. Energy Information Administration said domestic inventories rose by 8 million barrels in the week ended Oct. 16, far exceeding the 3.5 […]Continue Reading →
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