US oil closes above $50 for first time since July amid supply draw forecasts - CNBC

U.S. oil prices continued their climb on Tuesday, as expectations of U.S. crude draws underpinned a market already worried about potential supply shortages from attacks on Nigeria's oil industry. Analysts expect U.S. crude stockpiles fell by 3.5 ...

North America's Tight Oil, Oilsands Combo for Energy Security, Says IHS - Natural Gas Intelligence

U.S. tight oil and Canada's oilsands have become the "twin pillars" of the continent's energy security, accounting for almost 95% of North American production growth from 2009 to 2015, while at the same time reducing overseas oil imports by 40%, IHS ...

US oil plunges 2.9 percent after rig count rises for 2nd straight week - CNBC

U.S. oil prices fell about 3 percent on Friday as the U.S. rig count rose for the second straight week and as a strong dollar again weighed on demand for crude futures. A slide in equity prices on Wall Street also pressured futures of Brent and U.S ...

US crude falls below $50, as rigs move higher for second straight week - Investing.com

Investing.com -- U.S. crude futures fell sharply from near-yearly highs on Friday retreating below $50, as the domestic oil rig count moved higher for a second consecutive week providing indications that producers are ready to ramp up output. On the ...

Oil on track for best run since 2012 - Financial Times

Oil is set for its fifth consecutive weekly gain, the longest winning streak in more than four years. Sample the FT's top stories for a week. You select the topic, we deliver the news. Select topic. Select topic, Top Stories, Brexit, US Election 2016 ...

US Oil Exports EXPLODE: Increase 7-Fold In 3 Months - Daily Caller

U.S. oil exports exploded in the first three months of 2016, according to federal data, as more countries buy up American crude in the wake of the federal export ban lifted late last year. American oil exports grew from from 11.3 million barrels in ...

Oil Won't Trend Under $50 For Much Longer - Seeking Alpha

It is becoming clearer and clearer that federal funds rates will remain the same in June. Production disruptions in Nigeria will help maintain $50 oil for the time-being. Background. It's a shame. In recent times, oil has been rising, but it is ...

Oil dips on dollar strength, Europe and Asia growth worries - Reuters

A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015. REUTERS/Sergei Karpukhin/File Photo. By Devika Krishna Kumar | NEW YORK. NEW YORK Oil prices edged ...

WTI Crude Oil Price Forecast: Resilient Trend Struggling Near 11-Month Highs - DailyFX

At the beginning of the year, it seemed nothing was going right for WTI Crude Oil and its buyers. The famous words of BP CEO at the beginning of the year helped to show the sentiment extreme that had built up on the downside where he made the comment ...

Why Did Crude Oil Decline on June 9? - Market Realist

After starting Thursday, June 9, 2016, on a weak note, crude oil continued its decline during the day from the 11-month high reached on June 8. At 1:19 PM EDT, WTI crude oil futures for July delivery were trading at $50.56 per barrel, a drop of ~1.3%.

The relationship between Sensex and crude oil prices - Livemint

What is the relationship between the Sensex and crude oil prices? There is little doubt that India benefits immensely from a fall in oil prices. That is borne out by Chart 1 which shows how the Sensex and Brent crude prices have moved over the past ...

Oil Prices Decline as Investors Cash In Gains - StreetWise Journal

Oil gave up some of its recent gains on Thursday, as investors locked in profits following a rally which lifted prices to their highest level since July. New York-traded crude oil for July delivery declined 82 cents, or 1.6%, to trade lower at $50.41 a ...

Oil prices rise to almost double January's lows - euronews

Oil prices have hit their best levels in 10 months due to a fall in stockpiles in the United States and supply disruptions. The benchmark Brent crude touched $52.86 a barrel, almost double the near-13-year lows reached in January amid signs that ...

US Crude Oil Inventories Push Crude Prices to Fresh 2016 Highs - Market Realist

On June 8, 2016, the EIA (U.S. Energy Information Administration) released its weekly petroleum status report. It reported that US crude oil inventories fell by 3.2 MMbbls (million barrels) to 532.5 MMbbls for the week ending June 3—compared to the ...

What's Driving Crude Oil Prices above $50 per Barrel? - Market Realist

July WTI (West Texas Intermediate) crude oil futures contracts rose by 1.7% and closed at $51.23 per barrel on June 8, 2016. Brent crude oil futures also rose by 2% and closed at $52.51 per barrel. Crude oil prices rose due to the decline in US crude ...

US Crude Oil Production Rose Marginally: First Time in 13 Weeks - Market Realist

The EIA (U.S. Energy Information Administration) reported that weekly US crude oil production rose slightly by 10,000 bpd (barrels per day) to 8.8 MMbpd (million barrels per day) for the week ending June 3, 2016—compared to the previous week. US crude ...

Historically High Correlation Between Equity And Oil Prices Has Moderated - Seeking Alpha

The historically high correlation between equity prices and oil prices that existed early this year has moderated somewhat. The 200-day correlation between Brent Crude Oil and the MSCI World Index remains elevated at 46%. However, we would expect to ...

Oil Prices Soften on Profit Taking After Hitting 2016 Highs - NBCNews.com

Oil prices edged lower on Thursday as traders took profits after three sessions of gains, though prices remained close to their highest this year thanks to a fall in U.S. crude inventories and supply disruptions. International Brent crude oil futures ...

Oil Falls From 10-Month High as Dollar Strength Halts Rally - Bloomberg

Oil declined from a 10-month high in New York as a stronger dollar countered a rally driven by tightening global supplies. Futures fell 1.3 percent as global equities retreated and the U.S. currency strengthened against its peers, making commodities ...

Crude oil hits 2016 highs on fall in US inventories, weak dollar - Hindu Business Line

Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria, although a build in US gasoline stocks amid peak summer demand could pressure prices.