Oil Prices ///

Crude pushes toward $69 mark as U.S. surplus takes center stage

Crude approached a three-year high as traders braced for a second straight weekly decline in surplus U.S. supplies.

Here come the petrodollars, back to save global asset prices

The recent surge in oil prices is poised to boost global assets as crude-producing states deploy replenished stashes of petrodollars, according to a growing chorus of analysts.

Crude wipes out losses as Arabian Peninsula conflict heats up

Crude erased losses as escalating conflict in the Mideast region that’s home to almost half the world’s oil canceled out an earlier rout in commodity markets.

Goldman Sachs echoes Saudi view that oil rally won't hurt demand

Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude.

Hedge-fund investors pour into oil as firms predict surge to $80

Hedge funds investing in oil are luring capital at the fastest pace in more than a year.

Trump's oil woes are investors' gain as fuel demand boosts price

President Donald Trump started a tug of war with the oil market and lost the first round.

U.S. oil rush spurs triangle trade as output, exports soar

Rapid increases in U.S. oil output are forcing some traders and producers to try alternative ways of pricing crude.

Trump slams OPEC as cartel pushes harder for high oil prices

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets.

Oil extends rally before OPEC meeting after U.S. stockpiles fall

Oil rallied above $69/bbl after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting.

Bullish oil signs show Saudi Arabia's $80 goal within reach

While $80 oil seemed in the clouds just a year ago, it now looks primed for capture.

Crude rises to highest level since 2014 on bullish U.S. inventory report

Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest.

OPEC-Russia talks set to keep oil cuts even as glut vanishes

OPEC and Russia will meet in Saudi Arabia this week to discuss the looming political crises and extending production cuts.

Canadian oil recovery faces new threat from possible railroad strike

A potential strike by Canadian Pacific Railway workers threatens a recovery in Alberta’s discounted heavy oil prices.

Oil cutoff threatened as Canada provinces feud over pipeline

Canada’s inter-provincial fight over the Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia.

Oil steadies as risk of mideast strife ebbs before OPEC meeting

Oil was little changed after the biggest loss in more than a week as concerns about Middle East strife receded and hints that OPEC may extend its output cuts.

Fidelity likes CP rail for crude opportunity amid pipeline spat

A $5.5 billion investment fund is buying railroad stock as a pipeline spat increases the likelihood that companies will need rail to get their oil to market.

Oil investors rally with record bets on price rise

Hedge funds have never been so invested in the global oil rebound.

Kuwait sees OPEC mulling longer oil cuts at June meeting

OPEC will consider extending an agreement to cut oil output into 2019 when they meet in June to assess the market.

Oil set for biggest weekly gain in nine months amid supply risks

Oil headed for the biggest weekly advance since July as concern over possible disruption to supply lends weight to signs of a dwindling glut.

OPEC near mission accomplished as oil glut vanishes, IEA says

OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation.