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Oil Prices Rise on OPEC and Trump

Oil prices rose on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and.....»»

Category: topSource: marketpulseJan 11th, 2017

Trump rally eases, stocks trip up despite 2% oil price rise

U.S. stocks fell on Monday as financials lagged, while a massive post-election rally eased, and investors kept an eye on surging oil prices ahead of a key OPEC meeting......»»

Category: topSource: moneycentralNov 28th, 2016

Trump rally eases, stocks trip up despite 2% oil price rise - CNBC

CNBCTrump rally eases, stocks trip up despite 2% oil price riseCNBCU.S. stocks fell on Monday as financials lagged, while a massive post-election rally eased, and investors kept an eye on surging oil prices ahead of a key OPEC meeting. "I think the market.....»»

Category: topSource: googlenewsNov 28th, 2016

$60 Oil May Be a Producer Pipe Dream

Saudi Arabia and several other OPEC members want oil prices to rise to $60 a barrel. But surging U.S. production will probably prevent them from achieving that goal......»»

Category: topSource: foxnewsApr 25th, 2017

Oil recovers some ground, rise in U.S. drilling caps gains

LONDON (Reuters) - Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless rise in U.S. drilling capped gains......»»

Category: topSource: reutersApr 24th, 2017

Oil recovers lost ground, but market remains under pressure

SINGAPORE (Reuters) - Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains......»»

Category: topSource: reutersApr 24th, 2017

Rig Count Rise Continues To Lead US Crude Production To 20-Month Highs

With WTI prices back below $50, it appears stocks and NOPEC production are trumping any OPEC hype/hope and today's Baker Hughes' rig count merely adds to those concerns. For the 13th week in a row, the nu.....»»

Category: blogSource: zerohedgeApr 21st, 2017

WTI/RBOB Tumble After Unexpected Build In Gasoline Inventories

Despite last week's unexpected crude draw (and product draws) WTI/RBOB has faded since (even with a lower dollar) as OPEC production cut questions trump inventories for now. However, prices tumbled immediately .....»»

Category: blogSource: zerohedgeApr 18th, 2017

Oil Inventories Remain High Despite OPEC Cut, Extension Expected

DailyFX com Fundamental Forecast for USOIL Neutral Talking Points Oil stockpiles fail to fall but compliance from OPEC production cut increased Crude Oil Prices Drop Despite Inventory Draw Trump Boosts.....»»

Category: futuresSource: nasdaqApr 14th, 2017

Cramer Remix: Forget OPEC! Here’s why the US controls oil prices

Jim Cramer reviewed the recent oil turmoil and found one cohort could be the best remaining Trump trade out there......»»

Category: topSource: madmoneyApr 12th, 2017

Will Crude Prices Rise Even If OPEC Agrees to Extend Cuts?

Saudi Arabia is prepared to ask OPEC members to extend the cartel's crude oil production cuts for the second half of the year. Whether the move will drive crude prices higher is not clear......»»

Category: blogSource: 247wallstApr 12th, 2017

Futures Movers: Oil prices rise for 7th straight day on hopes of extension to OPEC output deal

Crude oil prices rise for a seventh straight session on Wednesday, boosted by expectations that major oil producers will extend their output cuts to accelerate a rebalance in the market......»»

Category: topSource: marketwatchApr 12th, 2017

Crude Oil Prices Gain as OPEC Mulls Extending Output Cut Deal

DailyFX com Talking Points Crude oil prices rise on hopes for OPEC output cut extension Gold prices stall near February highs sizing up Fed outlook Comments from Iraq Energy Forum ISM data in focus ahead Crude oil prices rose.....»»

Category: futuresSource: nasdaqApr 3rd, 2017

Futures Movers: Oil ends lower as crude producers fail to ease global supply angst

Oil prices finish lower, pressured by another weekly rise in the U.S. oil-rig count and uncertainty over whether OPEC will extend its production cuts into the second half of the year......»»

Category: topSource: marketwatchMar 27th, 2017

Futures Movers: Oil prices fall as worries over global supply resurface

Crude oil futures push lower, in line with a pullback for assets across the globe spurred by U.S. political worries, but also after a rise in the U.S. oil rig count and after an OPEC meeting failed to impress investors......»»

Category: topSource: marketwatchMar 27th, 2017

Oil prices rise on talk that OPEC could extend supply cut

SINGAPORE (Reuters) - Oil prices rose early on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang......»»

Category: topSource: reutersMar 20th, 2017

Oil Falls 1% as Bullish Bets Fade with U.S. Output Rise

Oil prices fell more than 1 percent on Monday as investors made record cuts to bets on rising prices after strong drilling data from the United States fed concerns about the effectiveness of OPEC-led production cuts to curb a supply glut......»»

Category: topSource: foxnewsMar 20th, 2017

Oil prices drop on rise in U.S. drilling

SINGAPORE (Reuters) - Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets......»»

Category: topSource: reutersMar 19th, 2017

Oil Prices Steady, Heading for Modest Weekly Rise

Oil prices were largely steady on Friday, and looked set to finish the week with modest gains after losing almost 10 percent last week on concerns that an OPEC production cut was failing to reduce a global supply overhang......»»

Category: topSource: foxnewsMar 17th, 2017

Oil Prices Firm, Heading for Modest Weekly Rise

Oil prices firmed on Friday and looked set to finish the week with a modest gain after losing almost 10 percent last week on concerns that an OPEC production cut was failing to reduce a global supply overhang......»»

Category: topSource: foxnewsMar 17th, 2017

Oil prices mark time, set for small weekly rise

SEOUL (Reuters) - Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang......»»

Category: topSource: reutersMar 17th, 2017