Futures File: Traders send oil prices higher as they wait for OPEC to meet - NewsOK.com

Gas prices posted at a 7-11 convenience store on southeast corner of NW 23 and Portland on Wednesday, May 25, 2016. Photo by Jim Beckel, The Oklahoman. Crude oil prices lead this edition of Futures File, our weekly commodities wrap-up.

Fueling Oil's Push to $50: Fear Is Back - Wall Street Journal

Oil-supply outages are at their highest level in more than a decade, bolstering the “fear premium” that has helped push crude prices to $50 a barrel. About 3.5 million barrels a day worth of production is off line because of disruptions such as ...

Why $50 Oil Is Here To Stay - OilPrice.com

Now that oil prices have rebounded to $50 per barrel, will U.S. shale drillers turn the taps back on? That is the million dollar question that the oil markets still do not have a clear answer on. Last year, when oil prices rebounded from $44 per barrel ...

Oil slips for second day as $50 level sparks new output fears - Reuters

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin/Files. By Barani Krishnan | NEW YORK. NEW YORK ...

The Consequences Of $50 Oil - OilPrice.com

On Thursday Brent crude rose above $50 while the WTI rose to $49.85. The rise in prices came after the EIA reported a dramatic fall in U.S. inventories. The weekly drop of 4.2 million barrels, far more than the 2 million that was expected, triggered a ...

CBN is shutting the window for buying dollars at the official rate. Here's why you need to be prepared - Ventures Africa

On Tuesday, the Central Bank of Nigeria held a Monetary Policy Committee meeting, which was attended by 9 out of its 12 members, and resolved that it is going to allow the Naira float freely at the inter-bank market. “In summary, the MPC voted to ...

Best Oil Rally in 7 Years; 3 Energy ETF Winners - Yahoo News

After from the Fed rate hike speculation, an oil rally was the most talked-about topic in recent times. This is because the liquid commodity staged the greatest rally in seven years, crossing the $50 mark on May 26, 2016. This was also a major jump ...

Oil prices fall back after breaching US$50 - Jamaica Observer

LONDON, United Kingdom (AFP) — World oil prices slid on Friday, with traders banking profits after crude rose above the key $50 level this week on evidence of lower supplies. At the same time, analysts warn that Thursday's move above $50 could trigger ...