|Day's Range||63.58 - 65.53|
According to the North Dakota Department of Mineral Resources, the state produced 1,175,638 barrels of oil per day and 2,068,244 thousand cubic feet per day of associated gas in January.
Investing.com - Crude prices rose to the best levels of the session on Wednesday, hitting a six-week high, after data showed that U.S. oil stockpiles fell unexpectedly last week as refinery activity picked up.
In a meeting with U.S. President Donald Trump, Saudi Arabia’s Crown Prince bin Salman noted that the global oil market is close to regaining stability
By Alex Lawler LONDON (Reuters) - Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and non-OPEC committee said, bringing producers close to the pact's original aim. OPEC and its allies achieved 138 percent of pledged output reductions last month, OPEC said, up from 133 percent in January and the highest since the deal aimed at clearing a glut began in January 2017. The Organization of the Petroleum Exporting Countries, Russia and other non-OPEC producers have extended the pact until the end of 2018, even though OPEC sources say the market is now expected to balance between the second and third quarters.
By Denis Pinchuk MOSCOW (Reuters) - Russia's state oil company Rosneft and Italy's Eni did not make a commercial oil discovery in the Black Sea as the well they were drilling proved to be dry, a source close to the operations told Reuters on Wednesday. Rosneft chief executive, Igor Sechin, has partnered with a number of foreign companies to develop Russia's offshore regions, though western sanctions have forced some of its partners such as ExxonMobil to suspend projects. Sechin has counted on the Black Sea as an area with high potential and any discovery would help send a message that the sanctions will not seriously hamper Rosneft's global standing or cooperation with other global players.
TORONTO (Reuters) - Canada's main stock index rose on Wednesday as higher oil prices boosted energy shares and the Federal Reserve signaled growing confidence in the U.S. economic outlook. The Toronto Stock Exchange's S&P/TSX composite index was up 58.92 points, or 0.38 percent, at 15,675.28. (Reporting by Fergal Smith; Editing by Peter Cooney)
Investing.com - Crude oil prices were hovering at multi-week highs on Wednesday, as potential supply disruptions due to tensions in the Middle-East continued to support, as well as upbeat U.S. stockpile data.
By Ayenat Mersie NEW YORK (Reuters) - Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal. Brent crude futures rose $2.05, or 3 percent, to settle at $69.47, nearly a 7-week high. U.S. West Texas Intermediate (WTI) crude futures gained $1.63, or 2.6 percent, to settle at $65.17, their highest since Feb. 2.
China’s historic oil futures contract is set to launch this week, and while Beijing believes in its success, extreme price volatility could spoil the party