Oil Prices ///

Oil trades near three-year high as OPEC members reassure on cuts

Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers for OPEC-led output cuts to continue, despite recent price gains.

As crude rallies, Husky may emerge as top oil-sands stock pick

Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers.

Record betting on oil's rally begs question: How far can it go?

Another week of rising oil price and another record for money manager bets on gains. But can it last?

Iraq joins UAE in calling to keep cuts despite oil gains

Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains.

Fracers arise from oil-price rout on a course to dominate 2018

Less than two weeks in, 2018 is shaping up to be the year of the fracer.

Crude's rally falters as run-up to $70 just doesn't stick

Oil remained on shaky ground as a bullish run-up in prices appears to have risk of deflating.

Oil tycoon T. Boone Pickens closes main hedge fund

Legendary oil tycoon T. Boone Pickens is closing his hedge fund, saying trading oil has lost its luster.

Crude’s path to $70 defied pressures that still threaten prices

Oil’s rise to $70/bbl for the first time in three years had clear triggers as supplies tighten and demand climbs.

Oil reaches $70/bbl for first time in three years

Oil topped $70/bbl in London for the first time in three years as production cuts by OPEC and rising demand whittle away a global surplus.

EIA forecasts flat crude oil prices, increasing global production through 2019

EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60/bbl in 2018 and $61/bbl in 2019, slightly higher than the $54/bbl average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than global consumption, with U.S. crude oil production increasing more than any other country.

UAE says OPEC is committed to supply cuts through 2018

OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday.

Rig-count chaos: Shale drillers are confusing U.S. oil analysts

Call it a rig-less recovery.

Oil rises from three-year high as U.S. stockpiles seen plunging

Oil extended gains from the highest close in more than three years as U.S. industry data signaled crude stockpiles dropped an eighth week.

OPEC will try to talk prices down if oil tops $70, Goldman says

OPEC would try to talk down an oil rally above $70/bbl to cushion the impact on the global economy and rival supplies, according to Goldman Sachs Group Inc.

Citi says Trump to loom large as war and shocks spur $80 oil

This year may be anything but staid for the oil market as Citigroup predicts wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80/bbl.

Oil jumps as industry data shows U.S. crude stock monster draw

Oil popped in after-hours trading as an industry report showed the biggest draw in U.S. crude stockpiles for this time of year since 1999.

OPEC's oil cuts claim a victim as supertanker earnings crash

OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents.

Iran says OPEC doesn't like oil over $60 as it nears $70

A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70/bbl.

Oil steadies above $61 following pullback in U.S. drilling

Oil rose after drilling activity in the U.S. eased, adding to signs the global crude surplus is abating.

Wood Mac: Five things to look for in 2018

Looking back, 2017 was the year when a glint of optimism returned to the upstream oil and gas industry. Will we see companies grow in confidence in 2018? With oil prices upwards of $60/bbl, investment stabilizing, and new project sanctions on the rise, we think so.