Oil prices were boosted on Tuesday as dollar retreated from highs and after the comments by Saudi oil minister Ali al-Naimi. Meanwhile, traders awaited a key meeting of the Organization of the Petroleum Exporting Countries on Friday...
Thursday marked a decline in oil futures, with the U.S. benchmark touching its lowest level in about five weeks, as markets await confirmation from the U.S. authorities on if crude supplies declined...
An OPEC source who preferred to stay unnamed said to Saudi Arabia's Al Hayat newspaper that the cartel is not likely to reduce oil production at the meeting in June, and the meeting will be short...
Despite low oil prices, U.S. shale boom is proving resilient, the Organization of of the Petroleum Exporting Countries (OPEC) said in its biggest report this year, which suggests the global oil glut could linger for two more years. Every five years OPEC publishes long-term strategy reports...
On Monday crude oil futures rose slightly as firm global demand offset a strong dollar, but a public holiday in the United States and much of Europe kept trading subdued...
On Monday crude oil futures slipped for the second consecutive session, as fears that U.S. shale production could rebound in the months ahead and a stronger U.S. dollar weighed...
On Friday crude-oil futures slightly declined in Asian trade, but kept the bulk of strong overnight gains helping to bring U.S. oil prices over the $60 a barrel mark...
Thursday saw crude oil futures rising for a second day as the U.S. government report released Wednesday showed crude inventories declined for a third week. Fighting in Iraq remains in focus...
On Wednesday oil futures were higher after losing almost 4% Tuesday, as traders awaited a U.S. government report which may indicate a third straight weekly decline in crude inventories. Possible escalation off the coast of Yemen also impacted oil prices...
On Wednesday crude oil prices rose recovering from sharp fall in the previous session, after strong Japanese GDP and as the consumer outlook in Australia seemed to brighten, driving producer hopes of increased demand...
As crude oil fell from the $100 level last summer, analysts have been trying to pick a bottom but had little success. While they have been trying to foresee a recovery, Goldman predicted oil will stay at lower levels for the rest of the decade...
On Monday oil-price gains were limited as Friday's weak U.S. economic data weighed on sentiment and worries U.S. shale production could recover quickly if prices kept on rising also persisted...
On Thursday crude oil prices dropped in Asia as markets were still worrisome about the strong production outlooks as there were few signs of a surge in demand...
A battle for oil market share between OPEC and non-OPEC members is just beginning, the International Energy Agency said on Wednesday...
On Monday crude-oil futures struggled for direction as market players estimated the impact of a mildly positive U.S. April employment report and as there still were fears over excessive supply...
As the oil price has rebounded back above $60 a barrel, market analysts started to backtrack on earlier predictions of $40-$50 oil. The rebound, however, may not last, says Bloomberg columnist Leonid Bershidsky...
US DOLLAR TECHNICAL ANALYSIS "Prices are on pace to test April’s swing bottom anew after a second consecutive day of heavy losses. A daily close below the 38.2% Fibonacci expansion at 11737 exposes the 50% level at 11688...
On Thursday crude oil futures slid in Asian trade amid worries over higher supply as well as cautious ahead of U.S. non-farm payroll data, which could have a bearing on the timing of U.S. interest rate increases...
On Wednesday West Texas Intermediate oil futures jumped to the highest level of 2015 amid speculation weekly supply data due later in the session will signal U.S. crude inventories rose at a slower pace than expected last week...
