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The End of the Beginning of the Oil Price War
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices......»»
Futures Movers: Oil prices tick higher after U.S. report shows 7.9 million drop in crude inventories
Crude-oil prices on Thursday edged slightly higher as a weekly inventory report indicated a big decline in U.S. stockpiles for oil......»»
Oil prices inch higher amid support for supply cuts, lower inventory forecast
Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»
IEA Oil Demand Growth Estimate Dips
The International Energy Agency's Oil Market Report for April lowers slightly the agency's demand growth estimates for both this year and last. Crude prices are lower following the report......»»
Stocks open broadly lower, but energy sector gains with oil
The price of crude oil surged Monday after the U.S. government moved to further block Iranian oil exports......»»
US Oil Rig Count Rises by 5; Crude Price Dips Slightly
The U.S. land-based oil rig count rose by five this week following burst of activity in the Permian Basin. The number of offshore rigs also rose this week......»»
Consumer Prices Rose 0.4% in November on Higher Energy Costs
The consumer price index increased by 0.4% in November, as higher prices for energy were only slightly offset by lower prices for groceries and clothing. The Consumer Price Index Summary from the Bureau of Labor Sta.....»»
Crude Oil Price Narrows Loss as Inventory Slides
The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the........»»
Oil holds near 3-year high amid Venezuela sanction concerns
Oil settled slightly lower after trading near the highest price in almost 3 1/2 years as new sanctions on Venezuela and shrinking U.S. crude inventories spurred concerns about tightening worldwide supplies......»»
Futures Movers: Oil retreats as OPEC report shows a pickup in Saudi Arabian output
Crude-oil futures trade slightly lower early Tuesday as a report on monthly oil output from the Organization of the Petroleum Exporting Countries indicated higher production from the cartel led by swing producer Saudi Arabia......»»
US Oil Rig Count Dips Again, Prices Little Changed
The U.S. land-based rig count dropped by 5 this week on top of a decline of 7 in the prior week. The lower number is helping keep the price moving higher......»»
US stocks edge higher as oil prices boost energy companies
U.S. stocks are slightly higher Tuesday morning as energy companies rise along with the price of crude oil......»»
Crude Oil Price Dips Following Massive Drop in Inventories
The U.S. commercial crude inventory fell by more than 12 million barrels last week but the decline was more than offset as inventories of other petroleum products rose......»»
US Gas Price Ticked Higher This Week
U.S. gasoline pump prices rose a penny last week to start the new week at around $2.88 a gallon. Crude oil prices continued a slide begun last Wednesday and may pull pump prices down slightly in the........»»
Crude Oil Price Dips Again on Unexpected Inventory Build
The U.S. crude oil inventory added nearly 6 million barrels last week compared with consensus estimates for a decline of more than 3 million barrels. Gasoline inventories fell more than expected,........»»
Futures Movers: Oil gains with Saudis reportedly set to lower exports in a bid to avoid flooding the market
Oil futures move higher Thursday, giving up earlier declines after reports that Saudi Arabia’s OPEC governor expects its crude exports to decline next month in an effort to avoid flooding the market with supplies......»»
P&G Reports Slightly Higher Sales, Drop in Prices
Strong sales in the beauty segment in Procter & Gamble’s fourth quarter helped offset lower sales in grooming products where price cuts didn’t improve performance......»»
Crude Oil Price Up Slightly on Unexpected Increase in Stockpiles
The U.S. commercial inventory of crude oil rose sharply last week, defying analysts estimates for a decline. Crude prices have dipped below $68 a barrel again......»»
Futures Movers: U.S. oil benchmark slips, but tries for a second straight weekly gain
Prices for U.S. benchmark crude futures trade slightly lower Friday, but may end the week higher despite rising global production......»»
Wall St. dips as oil slide drags down energy shares
U.S. stocks were slightly lower on Wednesday as a steep fall in crude oil prices hit energy shares, more than offseting gains in technology and bank stocks......»»