Tag Archives: Oil

Crude-Oil Prices Rise Again

Once again crude-oil prices are rising, but this time it’s due to OPEC’s new agreement with other big producers to limit their output of oil for another nine months. OPEC hopes that this extension to limit their output will continue … Continue reading

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Oil Climbs on OPEC Expectations

Oil prices gain on Friday after nearly a week of losses, based on signs that Saudi Arabia plans to support an extension on OPEC’s deal to continue cutting global production. Crude rose $1.41 or 2.6% to $56.55 a barrel on … Continue reading

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Oil Prices Stabilize as OPEC and Russia Continue Cutting Supply

The Organization of the Petroleum Exporting Countries continues keeping its promise of decreasing oil supply and that stabilized oil prices and brought it to above $501 a barrel from its $30 lows. In May meeting, OPEC and Russia agreed to … Continue reading

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Oil Outlook – Iran and Nate

Crude oil has fallen slightly this week, with WTI closing at $49.44 and Brent at $55.72. Prices fell on Thursday due to increased exports from the US. On Friday, fear of refineries closing from Tropical Storm Nate depressed oil prices. … Continue reading

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Oil Prices Declined Ahead of Hurricane Irma

Oil prices lowered on Friday as investors feared the potential impact of Hurricane Irma on refineries located on the east coast. Light, sweet crude oil futures for October delivery declined by $1.61, or 3.3% to $48.48 a barrel on the … Continue reading

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Takeaways from International Petroleum Week

The International Petroleum Week, hosted in London, is an excellent opportunity to gauge the standing of the oil industry, with traders and executives making the trip from around the world. Only a year ago, the event boasted a somber mood, … Continue reading

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Winner From Election: Futures

Donald Trump’s acceptance speech erased major losses in Dow Futures Wednesday due to his mollifying tone and focus on the economy. Talking about the economy in his speech caused traders to reconsider what a Trump Presidency would mean for growth … Continue reading

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