Oil Prices ///

Crude loses upward momentum amid U.S. output growth worries

Crude edged lower amid predictions of a steep hike in U.S. crude output this year.

Oil outpaces ruble giving Russian drillers cause for cheer

Russia’s oil producers are enjoying near record crude prices -- in rubles -- and having their best start to the year since 2015. As the nation prepares to discuss its deal with OPEC allies in Oman this weekend, analysts say the good times will continue.

IEA prediction of explosive U.S. oil growth stokes OPEC fears

OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true.

OPEC-Russia deal faces a new danger: Too much winning

When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be working just a bit too well.

Oil's sustained rise giving oilfield servicers time to prosper

Oilfield-service providers are eyeing a rebirth with higher crude prices sowing the seeds for a prolonged period of growth.

Kuwait says exit from oil cuts not on table as prices rise

OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said.

Oil extends slide on speculation hedge-fund buying went too far

Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.

Oil slips from three-year high as market seen vulnerable to pullback

Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly.

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.