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US oil prices open above $50 for first time since May, but headwinds persist - Daily Mail

US oil prices open above $50 for first time since May, but headwinds persistDaily MailSINGAPORE, Aug 1 (Reuters) - U.S. oil opened above $50 per barrel for the first time since late May on Monday, supported by strong fuel demand, but ongoing high supplies from producer club OPEC kept prices from rising further. U.S. West Texas ...and more »

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 price at two-month high, ends above $50 a barrel - The Star Online;

Oil price at two-month high, ends above $50 a barrel - The Star Online

The Star OnlineOil price at two-month high, ends above $50 a barrelThe Star OnlineBenchmark Brent crude rose 0.3 percent to settle at $52.65. Brent earlier hit $52.92 a barrel, its highest since May 25. U.S. light crude oil rose nearly 1 percent to settle $50.17 a barrel. NEW YORK: Oil prices rose to two-month highs on Monday ...and more »

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

Factbox: What the United States supplies to Venezuela's PDVSA: diluents and fuelsReutersHOUSTON (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 »

Oil at two-month high, ends above $50 a barrel - Yahoo Finance UK;

Oil at two-month high, ends above $50 a barrel - Yahoo Finance UK

Yahoo Finance UKOil at two-month high, ends above $50 a barrelYahoo Finance UKAn oilfield worker walks next to pipelines at PDVSA's Jose Antonio Anzoategui industrial complex in the state of Anzoategui April 15, 2015. 2015. REUTERS/Carlos Garcia Rawlins. More. By Julia Simon. NEW YORK (Reuters) - Oil prices rose to two-month ...and more »

OPEC/non-OPEC coalition seeks to shore up oil output cut compliance at Abu Dhabi meeting - Hellenic Shipping News Worldwide;

OPEC/non-OPEC coalition seeks to shore up oil output cut compliance at Abu Dhabi meeting - Hellenic Shipping News Worldwide

Hellenic Shipping News WorldwideOPEC/non-OPEC coalition seeks to shore up oil output cut compliance at Abu Dhabi meetingHellenic Shipping News WorldwideFaltering compliance with oil output cuts has moved the OPEC/non-OPEC producer coalition to call a meeting of technical experts next week in Abu Dhabi to discuss ways to firm up member commitments to uphold their quotas. The meeting, to be held August ...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 »

Venezuela Bonds Fall After US Announces Sanctions - Fox Business

Venezuela Bonds Fall After US Announces SanctionsFox BusinessVenezuelan bonds slipped Monday after the U.S. announced additional sanctions on the country but stopped short of targeting its oil sector. Continue Reading Below. Some investors said the Treasury Department's move to freeze the Venezuelan president's ...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 »

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 »

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 »

Can OPEC Boost Compliance Back To 100%? - OilPrice.com;

Can OPEC Boost Compliance Back To 100%? - OilPrice.com

OilPrice.comCan OPEC Boost Compliance Back To 100%?OilPrice.comA joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to their output quotas so far. The calling of the meeting, to be held on August ...and more »

Trump is prepared to slap sanctions on Venezuela - WZVN-TV

Trump is prepared to slap sanctions on VenezuelaWZVN-TVCARACAS (CNNMoney) -- The United States is considering sanctions that would strike at the only source of cash for troubled Venezuela: Oil. Two senior administration officials told CNN Sunday that sanctions could be announced as early as Monday.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 »

What next for Venezuela? Crisis and isolation - NBC2 News;

What next for Venezuela? Crisis and isolation - NBC2 News

NBC2 NewsWhat next for Venezuela? Crisis and isolationNBC2 News"The majority demand democracy -- and we have demonstrated that with 7.6 million people "The majority demand democracy -- and we have demonstrated that with 7.6 million people," Dixson Lynch, a paramedic, said Sunday as blasts fired nearby at a ...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 »