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Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia's willingness to stick with OPEC-led supply cuts......»»

Category: topSource: reutersApr 16th, 2019

Oil rises on tightening supplies; ample U.S. output caps gains

Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production......»»

Category: topSource: reutersApr 18th, 2019

Futures Movers: Oil prices decline, look to post positive weekly return

Oil futures head lower on Friday, pulling back after ending higher for the month of February, as traders weigh data showing a drop in OPEC output to its lowest in four years against a backdrop weak U.S. economic data and record domestic production......»»

Category: topSource: marketwatchMar 1st, 2019

OPEC cuts oil supply steeply but sees growing 2019 headwinds

OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged headwinds confronting its efforts to prevent a glut this year including weaker demand and higher rival output......»»

Category: topSource: reutersFeb 12th, 2019

Oil gains with Wall Street, but rising U.S. fuel stocks weigh

Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production......»»

Category: topSource: reutersJan 16th, 2019

Oil rises; lifted by OPEC cuts, steadying stock market

Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets......»»

Category: topSource: reutersJan 7th, 2019

Oil prices edge up, but set for first annual drop since 2015

Oil prices edged higher on Monday, the last day of 2018, but were en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending OPEC-led production cuts......»»

Category: topSource: reutersDec 31st, 2018

Futures Movers: Oil prices move higher as Libyan production suffers outage

Oil futures moved up Tuesday from the roughly one-week lows scored a day earlier as the market continues to weigh the efficacy of an OPEC-plus production cut and as a short-term production disruption in Libya proved supportive to prices......»»

Category: topSource: marketwatchDec 11th, 2018

Futures Movers: Oil slips, can’t extend Friday’s OPEC-led price surge

Oil futures churn lower on Monday in a bout of consolidation after an announced OPEC-led production cut on Friday triggered a rally in prices for the session and the week......»»

Category: topSource: marketwatchDec 10th, 2018

Futures Movers: Oil prices edge higher as traders sort through talk ahead of an expected OPEC output cut

Oil prices edge higher on Wednesday as global traders awaited clarity on a possible, but far-from-assured, output cut by major producers gathering in Vienna......»»

Category: topSource: marketwatchDec 5th, 2018

Ahead of OPEC meeting, Trump urges producers to keep oil flowing

U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide......»»

Category: topSource: reutersDec 5th, 2018

Oil futures end with a modest gain as traders continue to weigh talk of output cut

Oil futures settled modestly higher on Tuesday as traders continued to weigh the likelihood of an output-cut agreement later this week between major oil producers. The CME OPEC .....»»

Category: topSource: marketwatchDec 4th, 2018

Futures Movers: Oil slips back toward $50 ahead of looming G-20, OPEC production talks

Oil prices fell Friday, flirting with a revisit of $50 a barrel, after bouncing Thursday on reports that Russian officials are signaling a likely output cut in tandem with other major producers......»»

Category: topSource: marketwatchNov 30th, 2018

Futures Movers: Oil prices gain on hopes for a production cut

Oil trades higher Tuesday, with U.S. prices extending a bounce from a more than one-year low, on hopes Saudi Arabia will lead its allies in OPEC and outside the organization to cut output......»»

Category: topSource: marketwatchNov 27th, 2018

Oil slips on record Saudi output; markets eye G20 and OPEC meetings

Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week......»»

Category: topSource: reutersNov 27th, 2018

Brent crude slips as investors fear another glut

Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts......»»

Category: topSource: reutersNov 19th, 2018

Oil snaps record losing streak as stronger OPEC cuts seen likely

Oil popped higher amid strengthening signals that OPEC and allied producers are considering production cuts as soon as next year......»»

Category: topSource: moneycentralNov 14th, 2018

Oil Price Tumbles As Trump Says OPEC Shouldn"t Cut Production

Having surged higher at last night's futures open on the heels of headlines about Saudi's about-face on production, President Trump has reversed those gains as he tweeted:.....»»

Category: blogSource: zerohedgeNov 12th, 2018

Futures Movers: Oil prices turn higher as Saudi Arabia signals OPEC is closer to an output cut

Oil prices flipped positive on Monday after weeks of losses had plunged the commodity into a bear market. The recovery came as OPEC and its allies signaled, if weakly, a willingness to again cut production amid hefty global supply......»»

Category: topSource: marketwatchNov 12th, 2018

World stocks rebound with earnings in focus; oil slips

Stocks bounced back on Tuesday across the world, supported by earnings expectations, while oil prices fell on evidence of higher U.S. oil production and increasing U.S. crude inventories......»»

Category: topSource: reutersOct 16th, 2018

OPEC oil output boost in September limited by Iran losses: Reuters survey

OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola......»»

Category: topSource: reutersOct 1st, 2018