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  • MarketWatch1 hour ago

    Oil pauses after bullish data sends price up 6% for the week so far

    Many analysts believe there is not much room left for U.S. production to grow for now because of the oil-patch capital-spending slump seen in 2015 and 2016 as prices crashed.

  • Why record U.S. oil exports are poised for even more growth
    Reuters2 hours ago

    Why record U.S. oil exports are poised for even more growth

    NEW YORK/HOUSTON (Reuters) - U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways. Last year, the U.S. became the world's top net exporter of fuel, an outgrowth of booming domestic production since the shale oil revolution started in 2010. Net exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the future growth prospects and profit margins of U.S. refiners.

  • Oil Price Fundamental Daily Forecast – Is the Long-awaited Rebalancing Taking Place?
    FX Empire8 hours ago

    Oil Price Fundamental Daily Forecast – Is the Long-awaited Rebalancing Taking Place?

    U.S. West Texas Intermediate and international-benchmark Brent crude oil rallied nearly 2% to an 8-week high on Wednesday, driven by a big drop in U.S. crude stockpiles. September WTI crude oil settled at $48.75, up $0.86 or 1.80%. October Brent crude ended the session at $51.10, up $0.74 or +1.47%. Late Tuesday, industry group the … Continue reading Oil Price Fundamental Daily Forecast – Is the Long-awaited Rebalancing Taking Place?