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  • LONDON, April 12- Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June. International benchmark Brent crude futures were up 33 cents by 0900 GMT at $56.56 a barrel, their highest...

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Brent crude futures were up 20 cents, or 0.36 percent, at their highest since early March at $56.43 per...

  • Chinese oil demand will continue to grow: S&P Global Platts

    Sebastian Lewis, content director for China at S&P Global Platts, says the two things to look for in 2017 in terms of China oil demand is gasoline and diesel.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Brent crude futures were up 13 cents, or 0.23 percent, at their highest since early March at $56.36 per...

  • Oil price recovery to be capped: Pro

    Stephen Davies, CEO of Javelin Wealth Management, says the recovery in oil prices could remain in a range between $55 and $60.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • Oil pumps wells Monterey Shale fracking

    Brent oil extended gains, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • Pipelines and oil storage tanks in Cushing, Okla.

    Dennis Gartman, The Gartman Letter, shares three ways to play the rally in oil.

  • OIL PRICES EXTEND GAINS IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS SURPRISE DRAW IN U.S.

  • Oil worker near pump jack

    The "Futures Now" team discusses the reversal in crude oil, and where the commodity may head from here.

  • BOSTON, April 11- Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 33 cents from its previous close at $55.55 per barrel at 11:38 a.m. EDT. West Texas Intermediate...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 45 cents from its previous close at $55.53 per barrel at 1425 GMT. "Geopolitical tensions are bad...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 8 cents from its previous close at $55.90 per barrel at 1225 GMT. West Texas Intermediate fell by 9...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 10 cents from its previous close at $55.88 per barrel at 1051 GMT. West Texas Intermediate fell by...

  • Oil well pump jacks located in Almond Orchard located over the Monterey Shale in San Joaquin Valley.

    Oil prices traded lower on Tuesday as analysts remained divided on where the price will head from here.

  • SINGAPORE, April 11- Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. The international benchmark for oil prices, Brent crude futures, were down 20 cents, or 0.36 percent, from its previous close at $55.78 per barrel at 0702...

  • *Oil companies' reserve life drops after writedowns. LONDON, April 11- As crude prices recover, oil majors face a dilemma how quickly should they seek to replenish reserves? BP and Italy's Eni saw a slight increase.

  • SINGAPORE, April 11- Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. The international benchmark for oil prices, Brent crude futures, were down 4 cents, or 0.1 percent, from its previous close at $55.94 per barrel at 0510...