×

Energy Commodities Oil

More

  • NEW YORK, Aug 18- Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week. Earlier in the week, government data had suggested that crude output in the United States was still rising. WTI crude futures for September delivery...

  • Wall Street mystery solved: $100 million wrong-way bet behind Goldman's trading whiff

    Goldman's weak second-quarter trading results were partly due to a bad call on regional natural gas prices, according to the Wall Street Journal.

  • NEW YORK, Aug 18- Oil prices rose on Friday as the stock market strengthened and the U.S. dollar weakened, but U.S. crude futures remained on track to close the week down as investors remained worried about the global oil glut. The week's trading was defined by bearish data about Chinese oil demand and rising crude production in the United States.

  • U.S. CRUDE RISES BY $1 TO SESSION HIGH OF $48.34 A BARREL.

  • OIL PRICES EXTEND GAINS, BRENT CRUDE FUTURES RISE BY $1 TO SESSION HIGH OF $52.13 A BARREL.

  • NEW YORK, Aug 18- Oil prices edged lower on Friday, and were on track to close the week down 2 to 3 percent as investors continued to worry about the global crude glut. The week's trading was defined by bearish data about Chinese oil demand and rising crude production in the United States. Benchmark Brent crude futures were down 5 cents at $50.98 by 11:01 a.m. EDT.

  • *Deer Park refinery outage supports WTI prices. At 1152 GMT, benchmark Brent crude futures were up 6 cents at $51.09 a barrel on the day but still about 2 percent lower on the week. "Falling U.S. commercial stocks are supportive and I also believe that high U.S. product demand, and gasoline demand in particular, is helping too," Tamas Varga, senior analyst at London...

  • AMSTERDAM, Aug 18- Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. At 0935 GMT, benchmark Brent crude futures were up 7 cents at $51.10 a barrel on the day but still about 2 percent lower on the week. "Falling U.S. commercial stocks are supportive and I also believe...

  • *Asia showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51.12 per barrel at 0711 GMT, up 9 cents from their last close but still set for a weekly drop of some 2 percent. The Organization of the Petroleum Exporting Countries, together with non- OPEC producers like Russia, has pledged to restrict output...

  • *Asia is showing signs of stronger demand in H2 2017. SINGAPORE, Aug 18- Oil prices dipped on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.99 per barrel at 0520 GMT, down 4 cents from their last close.

  • *Asia is showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51 per barrel at 0414 GMT, down 3 cents from their last close. West Texas Intermediate crude futures were at $47.06 a barrel, also down 3 cents.

  • SINGAPORE, Aug 18- Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.93 per barrel at 0031 GMT, down 10 cents, or 0.2 percent, from their last close. Going forward, much will depend on output levels...

  • Pump jacks in an oil field over the Monterey Shale formation near Lost Hills, Calif.

    Oil prices rose on Friday as the stock market strengthened and the U.S. dollar weakened.

  • SINGAPORE, Aug 18- Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.93 per barrel at 0031 GMT, down 10 cents, or 0.2 percent, from their last close. Going forward, much will depend on output levels...

  • *Genscape reports more than 1 mln bbl draw at Cushing- trade. Inventories at Cushing, the delivery hub for U.S. crude futures, declined more than a million barrels in the week to Aug. 15, traders said citing estimates from energy industry information provider Genscape. In the latest week to Aug. 11 for which government data was available, Cushing inventories...

  • A worker on a an oil drill near New Town, North Dakota.

    U.S. crude prices are likely capped at $60 a barrel through 2022, but could rise above $70 and fall below $40, Citi said in a research note.

  • *Genscape reports more than 1 mln bbl draw at Cushing- trade. Inventories at Cushing, the delivery hub for U.S. crude futures, declined more than a million barrels in the week to Aug. 15, traders said citing estimates from energy industry information provider Genscape. In the latest week to Aug. 11 for which government data was available, Cushing inventories...

  • Cheap natural gas driving out nuclear power

    CNBC's Jackie DeAngelis reports on how nuclear gas prices are affecting other sources of energy in the U.S.

  • *China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 15 cents at $50.12 a barrel by 1330 GMT.