International oil prices rise - Business News

Oil prices have risen strongly, after tracking a rally in petrol futures sparked by a delayed restart of the main petrol line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States. A run-up in Wall Street shares also boosted ...

OPEC points to larger 2017 oil surplus as rivals keep pumping - Yahoo Finance

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger. More. By Alex Lawler. LONDON (Reuters) - OPEC raised its forecast of oil supplies ...

Gold, Crude Oil Prices Look to US Retail Sales to Shape Fed Bets - Inside Futures

Gold and crude oil prices are looking to US retail sales data to shape Fed rate hike speculation after a two-day lull in formative news flow. Talking Points: Crude oil prices fall on glut concerns despite EIA inventory draw; Gold prices pause above key ...

International oil prices tumble another 3% - Cosumnes Connection (subscription)

West Texas Intermediate for October delivery was 23 cents lower at $44.57 a barrel on the New York Mercantile Exchange at 1:32 p.m. London time. Brent crude futures settled down $US1.25, or 2.7 per cent, at $US45.85 per barrel. IEA says crude oil ...

Oil Prices Hit by Downward Revision to Global Oil Demand - New York Times

LONDON — Oil prices took a pounding Tuesday after a leading industry group said global oil demand growth is slowing by more than previously thought, largely because of a more pronounced economic slowdown during the third quarter of the year.

Oil down 3 percent again; product builds offset US crude draw - Reuters UK

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen. By Barani Krishnan | NEW YORK. NEW YORK Oil prices fell about 3 percent for a second straight day on Wednesday, ...

Saudi Arabia ousts US as biggest oil producer, IEA says - AZERTAC News

Saudi Arabia has retaken the position of the world's top oil producer from the U.S., according to the International Energy Agency. According to Bloomberg, "Saudi Arabia's elevated oil production has allowed it to overtake the U.S. and become the world ...