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Oil prices rise on talk that OPEC could extend supply cut

SINGAPORE (Reuters) - Oil prices rose early on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang......»»

Category: topSource: reutersMar 20th, 2017

Futures Movers: Oil ends lower as crude producers fail to ease global supply angst

Oil prices finish lower, pressured by another weekly rise in the U.S. oil-rig count and uncertainty over whether OPEC will extend its production cuts into the second half of the year......»»

Category: topSource: marketwatchMar 27th, 2017

Futures Movers: Oil prices rise moderately on hopes for more cuts from OPEC

On Thursday, OPEC sources said the cartel could extend the six-month deal to cut supply, or make more severe cuts, if oil stocks don’t drop by around 300 million barrels, according to a Reuters report......»»

Category: topSource: marketwatchFeb 17th, 2017

Oil futures end lower as U.S. crude supply rise outweighs support from OPEC talk

Oil futures ended lower Wednesday, pressured by data showing that U.S. crude inventories rose 5.3 million barrels for the week ended Nov. 11. However, prices found some support following a report indicating that Russia will support the Organization of the.....»»

Category: topSource: marketwatchNov 16th, 2016

Oil falls as U.S. drilling undermines drive to tighten markets

Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply......»»

Category: topSource: moneycentral16 hr. 39 min. ago

OPEC disappointment hits oil, stocks; sterling down on UK vote jitters

SINGAPORE (Reuters) - Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks......»»

Category: topSource: reutersMay 26th, 2017

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

SINGAPORE (Reuters) - Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts......»»

Category: topSource: reutersMay 25th, 2017

Oil prices rise in anticipation of extended OPEC-led production cut

SINGAPORE (Reuters) - Oil prices rose by one percent ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month cut in the first half of this year......»»

Category: topSource: reutersMay 24th, 2017

Oil prices rise as market expects extended production cut

Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year......»»

Category: topSource: foxnewsMay 24th, 2017

Oil prices stabilize as decision to extend cuts nears

Oil prices stabilized Tuesday as expectations of an extension to OPEC-led supply cuts supported prices, reversing losses earlier in the session after a White House proposal suggested selling off half the country's huge oil stockpile......»»

Category: topSource: moneycentralMay 23rd, 2017

Oil prices rise as Saudi and Russia talk about curbs

Saudi Arabia and Russia agree to extend oil output cuts for another nine months, sending prices higher......»»

Category: marketsSource: cnnMay 15th, 2017

Oil Rises as OPEC Cuts Outweigh U.S. Drilling Boom

Oil prices rose on Monday as talk of further supply cuts by major OPEC exporters outweighed the prospect of higher U.S. production as a drilling boom spreads across North America......»»

Category: topSource: foxnewsMay 8th, 2017

Oil rebounds on Saudi assurances Russia will extend supply cuts

NEW YORK (Reuters) - Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut......»»

Category: topSource: reutersMay 5th, 2017

Oil recovers some ground, rise in U.S. drilling caps gains

LONDON (Reuters) - Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless rise in U.S. drilling capped gains......»»

Category: topSource: reutersApr 24th, 2017

Oil recovers lost ground, but market remains under pressure

SINGAPORE (Reuters) - Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains......»»

Category: topSource: reutersApr 24th, 2017

Will Crude Prices Rise Even If OPEC Agrees to Extend Cuts?

Saudi Arabia is prepared to ask OPEC members to extend the cartel's crude oil production cuts for the second half of the year. Whether the move will drive crude prices higher is not clear......»»

Category: blogSource: 247wallstApr 12th, 2017

Futures Movers: Oil prices rise for 7th straight day on hopes of extension to OPEC output deal

Crude oil prices rise for a seventh straight session on Wednesday, boosted by expectations that major oil producers will extend their output cuts to accelerate a rebalance in the market......»»

Category: topSource: marketwatchApr 12th, 2017

Futures Movers: Oil prices fall as worries over global supply resurface

Crude oil futures push lower, in line with a pullback for assets across the globe spurred by U.S. political worries, but also after a rise in the U.S. oil rig count and after an OPEC meeting failed to impress investors......»»

Category: topSource: marketwatchMar 27th, 2017

U.S. oil hits November low as fresh glut fears overshadow OPEC cut talk

NEW YORK (Reuters) - Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June......»»

Category: topSource: reutersMar 21st, 2017

Oil Rises on Talk of Extended OPEC Supply Cuts

Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended......»»

Category: topSource: foxnewsMar 21st, 2017

Oil Falls 1% as Bullish Bets Fade with U.S. Output Rise

Oil prices fell more than 1 percent on Monday as investors made record cuts to bets on rising prices after strong drilling data from the United States fed concerns about the effectiveness of OPEC-led production cuts to curb a supply glut......»»

Category: topSource: foxnewsMar 20th, 2017