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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 dips on rising US crude inventories

Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang......»»

Category: topSource: foxnewsJul 19th, 2017

Oil dips on rising U.S. crude inventories, high OPEC supplies

SINGAPORE (Reuters) - Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high supplies from producer club OPEC revived concerns of a fuel supply overhang......»»

Category: topSource: reutersJul 18th, 2017

Oil dips on OPEC supply rise, but political risk supports

SINGAPORE (Reuters) - Oil dipped on Wednesday, pulled down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in the Korean peninsula and the Middle East put a floor under prices......»»

Category: topSource: reutersJul 5th, 2017

Oil prices rise on first drop in U.S. drilling in months

Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply......»»

Category: topSource: moneycentralJul 3rd, 2017

Oil prices rise on first drop in U.S. drilling in months

Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply......»»

Category: topSource: moneycentralJul 3rd, 2017

Oil prices rise on first drop in U.S. drilling in months

SINGAPORE (Reuters) - Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply......»»

Category: topSource: reutersJul 2nd, 2017

UAE Energy Minister, “No talk about further OPEC supply cuts”

UAE Energy Minister, “No talk about further OPEC supply cuts” $OIL OPEC and allied non-OPEC producers agreed on 25 May to extend an existing supply curb into Y 2018 There is no talk of fu.....»»

Category: topSource: livetradingnewsJul 2nd, 2017

Brent edges back above $45 as global oil prices rise

Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC-led efforts to balance the market......»»

Category: topSource: foxnewsJun 22nd, 2017

Here"s Why Oil Could Drift To $30 Again

An OPEC agreement to extend 2016's supply reduction isn't going to be enough to help support oil prices, Fereidun Fesharaki, founder and chairman of consulting group FGE believes. read more.....»»

Category: blogSource: benzingaJun 14th, 2017

Oil prices fall on OPEC output, rising crude supply

Oil prices fell around 1 percent on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production......»»

Category: topSource: foxnewsJun 14th, 2017

After oil drop, some OPEC delegates question if supply cut deal enough

LONDON (Reuters) - Two weeks after an OPEC-led deal to extend oil output cuts until March, some OPEC delegates are questioning whether the agreement will be enough to reduce a glut in supplies and lift prices......»»

Category: topSource: reutersJun 9th, 2017

Futures Movers: Oil prices extend losses as concern grows over still-heavy global supply

On the heels of a sharp fall for oil following the OPEC meeting last week, the U.S. oil benchmark has pulled back when trying to get back above $50 a barrel......»»

Category: topSource: marketwatchMay 31st, 2017

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: moneycentralMay 29th, 2017

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