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Oil hits two-month high at $53 - The Nation Newspaper;

Oil hits two-month high at $53 - The Nation Newspaper

The Nation NewspaperOil hits two-month high at $53The Nation NewspaperOil prices hit a two-month high yesterday – thanks to a tightening United States (U.S.) crude market and the threat of sanctions against Organisation of Petroleum Exporting Countries (OPEC)-member Venezuela. Brent crude futures were 52.90 dollars per ...and more »

Oil prices rise on possible US sanction against Venezuela - Xinhua

Oil prices rise on possible US sanction against VenezuelaXinhuaNEW YORK, July 31 (Xinhua) -- Oil prices rose on Monday following news that the U.S. is considering stepping up sanctions against Venezuela. The U.S. government is considering imposing U.S. sanctions on Venezuela's vital oil sector after Venezuela held ...and more »

Factbox - What the United States supplies to Venezuela's PDVSA: diluents and fuels - Reuters UK

Factbox - What the United States supplies to Venezuela's PDVSA: diluents and fuelsReuters UKHOUSTON (Reuters) - The refining and crude blending operations at Venezuelan state-run energy company PDVSA could be hurt if President Donald Trump's administration applies restrictions on U.S. oil exports to the country. A cutoff of these U.S. sales ...and more »

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 - Reuters;

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

ReutersOil at two-month high, ends above $50 a barrelReutersA technician works inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad, India, September 30, 2016. Picture taken September 30, 2016.Amit Dave. NEW YORK (Reuters) - Oil prices rose to two-month highs on ...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 end - Digital Journal

Digital JournalOp-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 »

Oil surges higher, posts biggest monthly rise since April 2016 - MarketWatch;

Oil surges higher, posts biggest monthly rise since April 2016 - MarketWatch

MarketWatchOil surges higher, posts biggest monthly rise since April 2016MarketWatchOil futures erased an early loss, surging into the closing bell as traders finished out July with the biggest monthly percentage gain since April 2016. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in September CLU7, ...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 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 »

Crude Oil On Verge Of $50, Up 8% For July - ForexTV.com

Crude Oil On Verge Of $50, Up 8% For JulyForexTV.comCrude oil futures rebounded from early losses Monday, creeping closer to $50 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 markets. Last week, the ...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 »

Crude oil ends higher, posts biggest monthly gain of 2017 - MarketWatch

Crude oil ends higher, posts biggest monthly gain of 2017MarketWatchOil 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 CLU7, +0.95% rose 46 ...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 settles higher, notches biggest monthly gain of the year - Investing.com;

Crude settles higher, notches biggest monthly gain of the year - Investing.com

Investing.comCrude settles higher, notches biggest monthly gain of the yearInvesting.comInvesting.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 »

Venezuela's oil industry at breaking point as US tightens noose - Telegraph.co.uk;

Venezuela's oil industry at breaking point as US tightens noose - Telegraph.co.uk

Telegraph.co.ukVenezuela's oil industry at breaking point as US tightens nooseTelegraph.co.ukVenezuela's oil industry is at risk of sudden collapse as funding dries up and the US tightens sanctions, threatening to shatter the beguiling calm in global crude markets. West Texas crude briefly spiked above $50 a barrel for the first time since ...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 »

Oil races back to $50 -- but can it stay there? - KSAT San Antonio;

Oil races back to $50 -- but can it stay there? - KSAT San Antonio

KSAT San AntonioOil races back to $50 -- but can it stay there?KSAT San AntonioCrude oil is once again back from the dead, hitting the $50-a-barrel threshold. But is this rebound for real or just another head fake? NEW YORK (CNNMoney) - Crude oil is once again back from the dead, hitting the $50-a-barrel threshold. But is this ...and more »

What's Affecting Oil Prices This Week (July 31, 2017)? - Oil and Gas Investor (registration);

What's Affecting Oil Prices This Week (July 31, 2017)? - Oil and Gas Investor (registration)

Oil and Gas Investor (registration)What's Affecting Oil Prices This Week (July 31, 2017)?Oil and Gas Investor (registration)In the week since Stratas Advisors' last edition of What's Affecting Oil Prices, Brent crude increased $4.46 per barrel (bbl) week-close to week-close. For the week ahead Stratas Advisors expects prices to remain flat or fall on fears that the market ...and more »