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Oil market

Oil Optimism Unwinding Markets Mad Dash for Storage

When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand ...
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Oil Prices Jump as U.S. House Passes Huge Stimulus Bill

Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains.Brent ...
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Oil Inchs Higher ahead of this Weeks OPEC Output Decision

Oil futures inched higher Monday, buoyed by prospects for the passage of the U.S. stimulus bill, ahead of a decision this week by the Organization of the Petroleum Exporting Countries ...
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U.S. Oil Benchmark Falls from 22Month High as Dollar Rises

Oil futures saw significant pressure Friday, with the U.S. benchmark pulling back from a 22-month high, as a rise by the U.S. dollar and jitters ahead of next week’s meeting ...
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Oil Drops on Dollar Strength and OPEC Supply Expectations

Oil prices fell on Friday as bond price rout led to gains in the U.S. dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic ...
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Oil Prices on Track for 4Day Winning Streak

Oil futures rose Thursday, on track for a fourth straight winning session as crude tests levels last seen in January of 2020 as traders found reassurance in testimony this week ...
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Oil Highers, but Traders Eye Inventory Rise, OPEC Meetings

Oil futures pushed higher Wednesday, but traders sounded a cautious note after an industry group reported an unexpected rise in crude inventories and the Organization of the Petroleum Exporting Countries ...
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Oil Edges Higher as Surprise U.S. Stock Build Weighs

Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build in U.S. inventories last week capped gains.Brent crude futures ...
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Oil Prices Jump more than 1 as U.S. Output Slow to Restart

Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze ...
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Oil Rises as Output in StormHit U.S. Begins Slow Return

Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand ...
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OPEC, Oil Firms Expect Weak Shale Rebound Even if Prices Up

OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC ...
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Oil Resumes Rise with U.S. Output Expected to See Slow Thaw

Oil futures traded higher Monday, resuming a push to the upside as traders looked for a slow recovery in output following winter storms that knocked U.S. producers and refineries offline.West ...
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Oil Dips, Investors Gauge Big Chill Impact on Refineries

Oil prices slid by up to 2% in early trade on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze ...
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Oil Climbs on Fears Texas Energy Freeze May Last for Days

Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt U.S. crude output for days or even weeks prompted ...
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U.S. Oil Extends Rise above 61 Barrel as Texas Deep Freeze Continues

Oil futures extended their rise Thursday as Texas faced a fourth day of blackouts due to a deep freeze that is estimated to have also shut in around 40% of ...
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