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Oil prices move lower Tuesday, pulling back from three-year highs as traders await data due later this week on U.S. crude supplies and production.
Investing.com - Crude prices were largely unchanged near recent highs in early dealings on Monday, as the market weighed rising U.S. drilling activity against ongoing efforts by major producers to cut output to reduce a global glut.
Investing.com - Crude prices continued higher on Thursday, with the U.S. benchmark hitting its strongest level since December 2014 amid optimism over shrinking U.S. stockpiles.
Based on the current price action, the direction of the crude oil market the rest of the session will be determined by trader reaction to yesterday’s close at $62.96.
Oil prices withdrew on Friday morning, with traders pocketing gains as both Brent and WTI hit their highest points since before the 2014 oil price crash
Investing.com – Crude oil prices settled higher on Thursday after data showing crude stockpiles fell for the seventh-straight week offset a larger than expected build in product inventories.
By Devika Krishna Kumar LONDON (Reuters) - Oil prices rose about 2 percent on Wednesday to the highest in 2-1/2 years, with a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany spurring buying. Iran's elite Revolutionary Guards have deployed forces to three provinces to put down anti-government unrest, their commander said on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were at $61.62 a barrel, up $1.23, or 2.1 at 2:08 p.m. EST, just off the session high of $61.67, highest since June 2015.
Investing.com – Crude oil prices settled lower on Tuesday, as the North Sea Forties pipeline restarted offsetting support from potential supply disruptions in Iran amid ongoing anti-government protests.
Investing.com - US crude prices dipped in Asia on Tuesday in the first trading day of the New Year with the market a bit light as Japan is shut for a holiday and investors keeping close tabs on events in Iran where protesters clashed with authorities through the weekend over rising food and fuel prices.
By Nia Williams CALGARY, Alberta (Reuters) - Oil prices dipped on Wednesday, as a rally ran out of momentum a session after crude hit a near 2-1/2-year high on supply outages in Libya and the North Sea. "The market continues to gravitate towards bullish news but today we are seeing a little bit of profit-taking," said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut. Prices briefly pared losses in post-settlement trade after industry group American Petroleum Institute said U.S. crude stocks fell more than expected last week.
Meanwhile, U.S. output rose by 9,000 barrels per day last week to 9.8 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Investing.com – Crude oil prices settled higher on Wednesday after data showed crude stockpiles fell for the fifth straight week, while the ongoing North Sea Forties pipeline outage continued to support sentiment.
Crude oil prices were trading at the top end of their recent range on Wednesday following the Department of Energy’s release of its inventory and demand data. What is clear is that U.S. shale producers are increasing their oil production which is more than being offset by declines in imports. Total petroleum inventories tumbled by more than 14-million barrels this past week. Crude oil prices cleared through the 58-handle, and is forming a bull flag pattern which is a pause that refreshes higher.
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Investing.com - Crude oil prices gained in Asia on Thursday with the market shrugging off downbeat US weekly inventory data on refined products and taking benchmarks higher after sharp falls overnight.
Investing.com - Crude prices stayed lower on Wednesday, after data showed a sizable gain in U.S. gasoline stockpiles.
Investing.com - Crude prices were a bit lower in early dealings on Wednesday, amid speculation weekly supply data due later in the day will show a sizable gain in U.S. gasoline and fuel supplies.
A day after OPEC agreed to extend a production-cut deal through 2018, prices for the U.S. benchmark climb, but the gains aren’t enough to erase a loss for the week.
For the week of November 27, 2017, natural gas prices are leading the rise in energy commodities. They rose strongly on Monday and Tuesday and moved above their 200-day moving average.
Oil prices are higher as OPEC members and non-members meet in Vienna, with investors watching to discover whether Russia and Saudi Arabia can move past their differences to extend the current output deal ...
Investing.com - Crude futures inched higher in early deals on Thursday, but prices were likely to stay volatile with energy markets focused on the Organization of Petroleum Exporting Countries highly-anticipated meeting.
Investing.com - Crude oil prices rebounded mildly in Asia on Thursday as the market awaits full details of a widely expected extension of OPEC-led output curbs - albeit with a few wrinkles.