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Oil

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  • SINGAPORE, May 27- Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. Prices were also supported by comments from western diplomats that a nuclear deal with Iran was unlikely by a June 30 deadline and that the oil producer would not get...

  • SINGAPORE, May 27- Crude oil prices stabilised on Wednesday after falling sharply in the previous session, with western diplomats saying a nuclear deal with Iran was unlikely by a June 30 deadline. *Front-month U.S. crude futures were up 35 cents from their last settlement at $58.38 per barrel by 0019 GMT on Wednesday. The U.S. dollar rallied this week and remains...

  • Futures Now: Strong dollar crushes oil   Tuesday, 26 May 2015 | 12:32 PM ET
    Futures Now: Strong dollar crushes oil

    The Futures Now team discusses the dollar impact on oil.

  • *U.S. producers to ramp up output with WTI at $60- Goldman Sachs. *Rising dollar, falling oil start of new trend- Morgan Stanley. "We believe that should West Texas Intermediate prices remain near $60 a barrel, U.S. producers will ramp up activity, given improved returns, with costs down by at least 20 percent," Goldman Sachs said.

  • SINGAPORE, May 26- Crude oil prices were broadly unchanged on Tuesday from their previous settlements as ample supply offset firm demand, but analysts said the strengthening U.S. dollar meant a recent oil rally was running out of steam. Robust demand in Asia and also in the United States due to its driving season is being met by near-record output, especially from...

  • May 26- A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet. About two weeks ago, Morgan Stanley analysts said an "uncanny" relationship has developed between the dollar index and benchmark...

  • SINGAPORE, May 26- Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organization...

  • US oil settles down $1.69, or 2.8%, at $58.03 a barrel Tuesday, 26 May 2015 | 2:39 PM ET
    An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

    Oil fell below $64 a barrel, pressured by the possibility U.S. shale oil producers could increase drilling and by a stronger dollar.

  • SINGAPORE, May 26- U.S. crude was steady early on Tuesday as firm demand supported prices and ample supply dragged. Robust demand in Asia as well as from the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries, although U.S. production seems to have been peaked, at least...

  • CALGARY, Alberta, May 25- Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia...

  • LONDON, May 25- Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia and...

  • UPDATE 4-Oil prices edge down as dollar strengthens Monday, 25 May 2015 | 6:58 AM ET

    LONDON, May 25- Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.

  • Will Kurdistan sell oil if Baghdad doesn’t pay? Monday, 25 May 2015 | 6:41 AM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Iraq's Kurdistan region will sell its oil independently of Baghdad if the national government does not pay the money it owes, the president of the Kurdistan Regional Government told CNBC.

  • LONDON, May 25- Crude oil futures dipped below $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping oil trading volumes muted. Front-month Brent crude fell 62 cents to $64.75 a barrel by 0828 GMT. U.S. crude was down 46 cents at $59.26 a barrel.

  • Why the oil price is not moving...for now   Monday, 25 May 2015 | 1:30 AM ET
    Why the oil price is not moving...for now

    Neil Atkinson, head of analysis at Lloyd's List Intelligence, says its difficult to see the upside for the oil price which is likely to stay around $65 per barrel.

  • Geopolitics vs Iran: Which is a greater risk for oil?

    For oil markets right now, a return of Iranian supply is a bigger worry than geopolitical risks, says Victor Shum, VP at IHS Energy Insight.

  • This country needs diesel to run its cellphones Monday, 25 May 2015 | 1:45 AM ET
    Nigerian president-elect Muhammadu Buhari is accusing the outgoing government of sabotage.

    Nigeria's leading cellphone provider warns it needs diesel to prevent shutting down services countrywide.

  • Despite slowdown, China underpins oil demand: Pro   Sunday, 24 May 2015 | 10:36 PM ET
    Despite slowdown, China underpins oil demand: Pro

    The change from a supply to a demand story in the crude oil market is driven by China, says Alejandro Barbajosa, VP, Crude Middle East & Asia-Pacific at Argus Media.

  • UPDATE 1-Oil prices edge up on firm Asian, U.S. demand Sunday, 24 May 2015 | 11:21 PM ET

    SINGAPORE, May 25- Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of...

  • Oil prices edge down as dollar strengthens Monday, 25 May 2015 | 9:08 AM ET

    Crude oil futures edged lower towards $65 as the dollar strengthened, with a public holiday in the U.S. and much of Europe keeping trading muted.