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Futures Movers: Crude-oil prices post the largest quarterly percentage drop on record
Oil prices on Tuesday reveal the largest quarterly percentage declines on record, and a loss of more than half their value for the month amid a demand slump caused by the coronavirus pandemic and a glut of supply thanks to a Russia-Saudi oil-price war......»»
Tens of thousands are getting laid off in the US shale patch
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs......»»
Why a Texas Oil Regulator Could Play the Role of OPEC
Oddly named and highly powerful, the Texas Railroad Commission is weighing whether the state should curb crude production for the first time in almost half.....»»
Oil on pace for worst week in more than a decade
Oil has lost half of its value this year as crude gets hit from both the supply and demand side......»»
Oil on pace for worst week in more than a decade
Oil has lost half of its value this year as crude gets hit from both the supply and demand side......»»
U.S. cash crude prices plunge after Saudi-Russia supply war erupts
U.S. cash crude prices plunged on Monday, with popular export grades sliding to their weakest levels in more than a year and a half, following a collapse in benchmark futures in the biggest daily price rout since the 1991 Gulf War......»»
Oil slides as IEA surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns about disruptions that have slashed Libya's crude output......»»
Oil slides as IEA predicts surplus, Libya disruption concerns fade
Oil prices dropped on Wednesday as the International Energy Agency's (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libya's crude output......»»
Oil declines as market surplus forecast counters Libya worries
Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya's crude output......»»
Oil"s bonkers week saw a "stunning" collapse after spiking on the Trump-Iran turmoil
Reuters / Brendan McDermid Oil this week briefly jumped to $70 a barrel, then on Wednesday sharply dropped to the mid-$60s level. "The one-day collapse in Brent crude oil by half a big handle was quite stunning," says one analyst......»»
A 9,000-barrel leak in the Keystone pipeline in North Dakota spilled enough crude oil to fill half an Olympic-sized swimming pool
AP The second of two oil spills in two years along the Keystone pipeline resulted in half an Olympic-sized swimming pool's worth of crude oil spilling onto a North Dakota wetlands area. The A.....»»
Commodities Corner: ‘Tight quarters of the Persian Gulf’ help raise spare oil capacity concerns
The attacks on Saudi oil facilities may have only briefly sliced daily crude oil output from the kingdom by more than half, but the risk remains to supplies from one of the world’s biggest exporters and to the oil-rich Middle East......»»
Crude edges lower after largest one-day rise on record
Crude-oil futures contracts edged lower on Tuesday, after seeing the biggest one-day move on record in the wake of the attacks that took half of Saudi Arabia output offline. Brent crude fell 32 cents to $68.70 a barrel and light sweet crude fell 59 cent.....»»
Oil declines as market assesses attacks on Saudi facilities
Oil dropped on Tuesday although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that cut the kingdom's output in half and sent prices soaring by the most in decades......»»
Oil falls but prices still elevated after attacks on Saudi facilities
Oil fell more than 1% on Tuesday as the market hung on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that cut the kingdom's output in half and sent prices soaring by the most in decades......»»
Oil falls more than 1% as market awaits response to Saudi oil attacks
Oil fell more than 1% on Tuesday as the market hung on tenterhooks following attacks on Saudi Arabian crude facilities that cut the kingdom's production in half and sent prices soaring by the most in decades......»»
Stocks slide as oil surges to biggest gain in 11 years
The attack on the Saudi Aramco facility halted production of 5.7 million barrels of crude a day, more than half of Saudi Arabia's global daily exports......»»
Oil rallies 15%, with U.S. prices settling at their highest in 4 months
Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. The news sparked t.....»»
Commodities Corner: Why some analysts believe oil hitting $100 a barrel soon is unlikely
Global oil hasn’t seen $100-a-barrel prices in five years, and even with Saudi Arabia's daily crude production cut down by more than half, it isn’t likely to see that level soon......»»
Crude prices jump, Wall Street recoils after drone strike erases half of Saudi Arabia’s oil output
The weekend attack on Saudi Arabia’s oil infrastructure knocked out nearly 6 percent of the 100 million barrels a day the world consumes......»»