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Say goodbye to $2.30 gas if Trump goes hard after Venezuela - Washington Post;

Say goodbye to $2.30 gas if Trump goes hard after Venezuela - Washington Post

Washington PostSay goodbye to $2.30 gas if Trump goes hard after VenezuelaWashington PostWhen you're president, cheap gas is good politics. President Trump understands this. It's why he promised to make gas prices even lower during the campaign and why he celebrated when gas prices were the lowest in more than a decade for the July 4 ...and more »

Oil at two-month high, ends above $50 a barrel - Nasdaq

Oil at two-month high, ends above $50 a barrelNasdaq... * Washington sanctions Venezuela's Maduro after vote * OPEC, non-OPEC meeting set for 7-8 Aug. in Abu Dhabi * Shell suspends loadings from Pernis refinery after fire (Adds quotes, adds context, updates final prices, rewrites throughout) By Julia ...and more »

Crude Oil Ends Higher, Posts Biggest Monthly Gain Of 2017 - Fox Business

Crude Oil Ends Higher, Posts Biggest Monthly Gain Of 2017Fox BusinessOil futures erased earlier losses to close higher Monday, rallying into the final bell, with the U.S. benchmark settling above $50 a barrel. West Texas Intermediate crude for September delivery on the New York Mercantile Exchange rose 46 cents, or 0.9 ...and more »

Op-Ed: OPEC's control over global oil production coming to an end - Digital Journal

Op-Ed: OPEC's control over global oil production coming to an endDigital JournalThe turmoil being seen in the oil and gas industry, along with the surge in technologies behind the electric vehicle, wind and solar industries are about to butt heads in a showdown that will eventually lead to the demise of OPEC. OPEC ministers must ...and more »

Oil markets brace for possible US sanctions on Venezuela (VLO, MPC) - Markets Insider

Oil markets brace for possible US sanctions on Venezuela (VLO, MPC)Markets InsiderNEW YORK, July 31 (Reuters) - U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela's vital oil sector on Monday after Sunday's election in the struggling country was deemed a "sham" by Washington. Venezuelan President ...and more »

Update: TSX Gains 15 Points as Financial Stocks Rise, Crude Oil Climbs Above $50 Per Barrel - Nasdaq

Update: TSX Gains 15 Points as Financial Stocks Rise, Crude Oil Climbs Above $50 Per BarrelNasdaqCanada's main stock market posted modest gains in rather quiet Monday trading as financials shares advanced and crude oil prices rose above $50 per barrel. The S&P/TSX Composite Index gained 15 points or 0.1% to close at 15,143. Financials led ...and more »

Crude Oil On Verge Of USD50, Up 8% For July - Interactive Investor

Crude Oil On Verge Of USD50, Up 8% For JulyInteractive InvestorWASHINGTON (Alliance News) - Crude oil futures rebounded from early losses Monday, creeping closer to USD50 for the first time this summer. Crude oil bulls have come alive in July, prodded by signs that OPEC will do whatever it takes to re-balance oil ...and more »

Crude settles higher, notches biggest monthly gain of the year - Nasdaq;

Crude settles higher, notches biggest monthly gain of the year - Nasdaq

NasdaqCrude settles higher, notches biggest monthly gain of the yearNasdaqInvesting.com - Crude futures settled higher on Monday, as investors cheered news of a producers' meeting slated for next week and possible sanctions from the U.S against Opec-member Venezuela. On the New York Mercantile Exchange crude futures for ...and more »

Crude Oil Prices Boosted By Fundamental Optimism, Resistance levels In Focus - Economic Calendar;

Crude Oil Prices Boosted By Fundamental Optimism, Resistance levels In Focus - Economic Calendar

Economic CalendarCrude Oil Prices Boosted By Fundamental Optimism, Resistance levels In FocusEconomic CalendarIncreased confidence in fundamentals has helped underpin oil prices, but with WTI hitting resistance on approach to the $50.00 p/b level in WTI. The latest Baker Hughes data recorded only a small increase in US oil rigs for the latest week, maintaining ...and more »

Oil surges into the close to settle above $50, posts best monthly gain since April 2016 - CNBC;

Oil surges into the close to settle above $50, posts best monthly gain since April 2016 - CNBC

CNBCOil surges into the close to settle above $50, posts best monthly gain since April 2016CNBCU.S. crude closed above $50 a barrel for the first time in more than two months. WTI crude initially turned lower after touching the $50 milestone, but surged into the close of Monday's trading session. Traders have been raising their bullish bets on ...and more »

Can OPEC Boost Compliance Back To 100%? - OilPrice.com;

Can OPEC Boost Compliance Back To 100%? - OilPrice.com

OilPrice.comCan OPEC Boost Compliance Back To 100%?OilPrice.comA joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to their output quotas so far. The calling of the meeting, to be held on August ...and more »

Trump is prepared to slap sanctions on Venezuela - NBC2 News

Trump is prepared to slap sanctions on VenezuelaNBC2 NewsCARACAS (CNNMoney) -- The United States is considering sanctions that would strike at the only source of cash for troubled Venezuela: Oil. Two senior administration officials told CNN Sunday that sanctions could be announced as early as Monday.and more »

Potential US Oil Sanctions Boost Risk of Venezuela Default - Bloomberg;

Potential US Oil Sanctions Boost Risk of Venezuela Default - Bloomberg

BloombergPotential US Oil Sanctions Boost Risk of Venezuela DefaultBloombergThe specter of tighter U.S. sanctions is pushing up the perception that Venezuela is getting closer to defaulting on its bonds. Venezuela is awaiting possible further restrictions after the U.S., its largest trading partner, sanctioned President ...and more »

Crude Oil Price Analysis for August 1, 2017 - FX Empire;

Crude Oil Price Analysis for August 1, 2017 - FX Empire

FX EmpireCrude Oil Price Analysis for August 1, 2017FX EmpireWTI crude notched up a two-month high at 50.06, but eased lower into the mid-49's, before moving higher into the close to settle nearly unchanged. Oil prices have rallied by nearly 19% since the June-21 low, with news of the OPEC-led technical meeting ...and more »

OPEC's Existential Sucker Punch - Hellenic Shipping News Worldwide

OPEC's Existential Sucker PunchHellenic Shipping News WorldwideYou wait decades for an existential crisis, then two come along at once. At least that's how it must feel for OPEC's beleaguered ministers. In the short term the market for their oil is being eroded by rising production outside their control. Looking ...and more »

Commodities: Quiet day for oil as possible US sanctions on Venezuela loom - London South East (registration) (blog)

Commodities: Quiet day for oil as possible US sanctions on Venezuela loomLondon South East (registration) (blog)(ShareCast News) - Oil markets saw little change on Monday as the market readied itself for a potential fallout between the US and Venezuela following Sunday's election, after it was labelled a "sham" by Washington. At the moment, it is unclear if or ...and more »

US sanctions on Venezuela a double-edged sword - Reuters;

US sanctions on Venezuela a double-edged sword - Reuters

ReutersUS sanctions on Venezuela a double-edged swordReutersWASHINGTON (Reuters Breakingviews) - President Nicolas Maduro said Sunday's vote for a new Constituent Assembly would bring peace to the country, but the immediate impact is likely to be expanded U.S. sanctions. Fresh trade measures by Washington ...and more »

Grains Stepped On - Investing.com

Grains Stepped OnInvesting.comWe jumpstart this Monday morning with Chicago Purchasing Managers Index (PMI) at 9:00 A.M., Export Inspections at 10:00 A.M. and Crop Progress at 3:00 P.M. The market is showing what is cheap can be cheaper and the evidence in this market is showing ...and more »

Waning OPEC Compliance Threatens Oil Price Rally - OilPrice.com;

Waning OPEC Compliance Threatens Oil Price Rally - OilPrice.com

OilPrice.comWaning OPEC Compliance Threatens Oil Price RallyOilPrice.comAnalysts cut yet again—for a sixth consecutive month—their oil price forecasts for 2017 and 2018, as the slower-than-expected rate of oil market rebalancing puts an increasing amount of pressure on OPEC's resolve to stick with the cuts, according to ...and more »

Oil Retreats After Rising Above $50 for First Time Since May - Bloomberg;

Oil Retreats After Rising Above $50 for First Time Since May - Bloomberg

BloombergOil Retreats After Rising Above $50 for First Time Since MayBloombergOil slid after briefly rising above $50 a barrel in New York and sparking concern that prices surpassing that key level will only bring on more shale supply. Futures declined 0.7 percent in New York after advancing for five straight sessions. OPEC and ...and more »