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Oil slips back from six month high, but notches a weekly gain - MarketWatch;

Oil slips back from six month high, but notches a weekly gain - MarketWatch

MarketWatchOil slips back from six month high, but notches a weekly gainMarketWatchOil futures settled lower Friday as investors worried that recent gains in prices, which finished the week more than 3% higher, may encourage crude producers to ramp up output. Prices, however, pared down some of their earlier losses after data on the ...and more »

Where Will Oil Prices Go From Here? - Seeking Alpha;

Where Will Oil Prices Go From Here? - Seeking Alpha

Seeking AlphaWhere Will Oil Prices Go From Here?Seeking AlphaOil prices have been relatively stable so far, with the West Texas Intermediate (WTI) futures trading at $46.22 and the Brent futures trading at $47.63 as of the time the article was written. Other than OPEC, supply figures are pretty average in a ...and more »

Oil Settles at Six-Month High as Market Weighs Supply Balance - Bloomberg;

Oil Settles at Six-Month High as Market Weighs Supply Balance - Bloomberg

BloombergOil Settles at Six-Month High as Market Weighs Supply BalanceBloombergOil settled at the highest level in more than six months as the market weighed concern of a reduction in global crude supply with Canadian producers planning to resume oil-sands output. Futures seesawed between gains and losses in intraday trading in ...and more »

US crude closes at $46.70, off a 6-month high, as Cushing build worry weighs - CNBC;

US crude closes at $46.70, off a 6-month high, as Cushing build worry weighs - CNBC

CNBCUS crude closes at $46.70, off a 6-month high, as Cushing build worry weighsCNBCOil prices stabilized on Thursday, though futures remained under pressure on signs of another storage build at the hub for U.S. crude futures. In early trade, U.S. crude's West Texas Intermediate (WTI) futures surged to a 2016 peak as the International ...and more »

America's one million b/d of crude oil for president - Platts (blog)

America's one million b/d of crude oil for presidentPlatts (blog)Brian Scheid spoke this week at the Platts Global Crude Oil Summit in London and gave some insight into one of the biggest variables around US oil: the next president. Let's call it the 1 million b/d race, even if such speculation may ultimately prove ...and more »

Oil up 1 percent after swing on mixed data; US crude at Nov highs - Yahoo News;

Oil up 1 percent after swing on mixed data; US crude at Nov highs - Yahoo News

Yahoo NewsOil up 1 percent after swing on mixed data; US crude at Nov highsYahoo NewsA natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen. More. By Barani Krishnan. NEW YORK (Reuters) - Oil prices rose 1 percent in volatile trade on Thursday, with U.S. ...and more »

Oil Hits 6-Month High on Crude Inventory Draw - OilPrice.com;

Oil Hits 6-Month High on Crude Inventory Draw - OilPrice.com

OilPrice.comOil Hits 6-Month High on Crude Inventory DrawOilPrice.comCrude oil futures rose 3.5 percent in mid-afternoon trading on Wednesday, following official data earlier in the day showing a 3.4-million drop in crude inventories and a fall in crude output to 8.8 million barrels per day, the lowest since the fourth ...and more »

United States Oil Fund LP (ETF) (USO) Trades Higher Following EIA Data Release - TCC;

United States Oil Fund LP (ETF) (USO) Trades Higher Following EIA Data Release - TCC

TCCUnited States Oil Fund LP (ETF) (USO) Trades Higher Following EIA Data ReleaseTCCThe oil industry had a little cheer on Wednesday as crude oil futures traded in the green. West Texas Intermediate (WTI), the US benchmark for crude oil, up 2.80% at $45.91 per barrel. The global benchmark for crude oil, Brent Crude, was also doing ...and more »

Oil climbs higher on US stockpiles decline & supply disruptions - RT;

Oil climbs higher on US stockpiles decline & supply disruptions - RT

RTOil climbs higher on US stockpiles decline & supply disruptionsRTCrude prices continued gaining on Thursday driven by the unexpected drop in US inventories and supply shortfalls in Canada and Nigeria. Read more. Smoke and flames from the wildfires erupt behind a car on the highway near Fort McMurray Canada ...and more »

Oil Prices Steady as Return of Canadian Output Offsets Tighter Global Market - NBCNews.com;

Oil Prices Steady as Return of Canadian Output Offsets Tighter Global Market - NBCNews.com

NBCNews.comOil Prices Steady as Return of Canadian Output Offsets Tighter Global MarketNBCNews.comOil prices were steady on Thursday, weighed by the gradual return of Canadian oil sands output but supported by a surprise drop in U.S. crude inventories and a tightening global market. International Brent crude futures were trading at $47.63 per ...and more »

Growing bankruptcy crisis in global oil and gas industry - World Socialist Web Site

Growing bankruptcy crisis in global oil and gas industryWorld Socialist Web SiteLower oil prices have bankrupted dozens of major oil and gas companies since 2015. Moreover, a sharp increase in bankruptcies in the month of April suggests that the worst is yet to come. A total of 69 major oil and gas companies, with $34.3 billion in ...and more »

Oil prices subdued in Asia after touching 2016 highs - Inquirer.net;

Oil prices subdued in Asia after touching 2016 highs - Inquirer.net

Inquirer.netOil prices subdued in Asia after touching 2016 highsInquirer.netSINGAPORE, Singapore—Oil prices dipped in Asia on Thursday as investors locked in profits after the previous day's surge to six-month highs that was fuelled by a surprise decline in US stockpiles. The Department of Energy said Wednesday that ...and more »

Oil Trades Near $46 After Surprise US Crude Inventories Drop - Bloomberg;

Oil Trades Near $46 After Surprise US Crude Inventories Drop - Bloomberg

BloombergOil Trades Near $46 After Surprise US Crude Inventories DropBloombergOil traded around $46 a barrel after a government report showed an unexpected decline in U.S. crude inventories amid supply disruptions in Nigeria. Futures fell 0.5 percent in New York after rising 3.5 percent Wednesday to a six-month high. Crude ...and more »

How a pair of key oil-inventory reports can be so wildly different - MarketWatch;

How a pair of key oil-inventory reports can be so wildly different - MarketWatch

MarketWatchHow a pair of key oil-inventory reports can be so wildly differentMarketWatchThe oil market waits each week to find out whether U.S. crude supplies fell or rose, but a series of reports, released less than 24 hours apart, delivered a distinctly disparate picture to industry participants. The American Petroleum Institute, a ...and more »

USD/CAD Loonie Rises After US Oil Inventories Shrinks - MarketPulse (blog);

USD/CAD Loonie Rises After US Oil Inventories Shrinks - MarketPulse (blog)

MarketPulse (blog)USD/CAD Loonie Rises After US Oil Inventories ShrinksMarketPulse (blog)The Canadian dollar has reversed some of the week's earlier losses after the release of the U.S. crude inventories at 10:00 am EDT on Wednesday. The Energy Information Administration (EIA) issued the latest weekly report that showed inventories shrunk ...and more »

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up - Oil & Gas 360;

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up - Oil & Gas 360

Oil & Gas 360Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand UpOil & Gas 360Crude oil inventories fell today, giving markets a pleasant surprise, and sending WTI prices up above $46 per barrel. 3 month chart wti. Economist expected a small build for the week ended May 6, 2016, with the average estimate at 80 MBO. The numbers ...and more »

Oil jumps on first US drawdown since March; Brent up 4 percent - Reuters;

Oil jumps on first US drawdown since March; Brent up 4 percent - Reuters

ReutersOil jumps on first US drawdown since March; Brent up 4 percentReutersNEW YORK Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the U.S. government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.and more »

Oil Up 3% As EIA Reports 3.4M Barrel Crude Inventory Drop - OilPrice.com;

Oil Up 3% As EIA Reports 3.4M Barrel Crude Inventory Drop - OilPrice.com

OilPrice.comOil Up 3% As EIA Reports 3.4M Barrel Crude Inventory DropOilPrice.comThe Energy Information Administration (EIA) is reporting a 3.4-million barrel drop in U.S. crude oil inventory in official data released this morning. The drop completely contradicts data from the American Petroleum Institute (API) yesterday, which ...and more »

WTI Crude Oil Price Forecast: Stock Drop Makes Oil Go Pop - DailyFX;

WTI Crude Oil Price Forecast: Stock Drop Makes Oil Go Pop - DailyFX

DailyFXWTI Crude Oil Price Forecast: Stock Drop Makes Oil Go PopDailyFXThe inventory numbers on Wednesday were expected to show a continual building of oil inventories or stock after the recent API report had shown U.S. crude inventories rose 3.45m bbl last week. As recent U.S. data has underwhelmed investors, many were ...and more »

Fmr. Shell Oil President: America Loves Oil, Oversupply Will Come Down - Fox Business;

Fmr. Shell Oil President: America Loves Oil, Oversupply Will Come Down - Fox Business

Fox BusinessFmr. Shell Oil President: America Loves Oil, Oversupply Will Come DownFox BusinessWeekly inventory data from the Energy Information Administration showed an unexpected drawdown in U.S. crude oil stockpiles, sending oil and energy stocks higher on the session. Continue Reading Below. On Wednesday morning, the EIA said inventories ...and more »