New York Mercantile Exchange
Oil Retreats as Investors Look for Signs of OPEC Deal Compliance
published Aug 7th 2017, 12:18 pm, by Jessica Summers and Nico Grant (Bloomberg) —Oil fell as investors sought reassurance that the world’s largest oil producing countries are complying with their supply-cut deal. Futures slid as much as 2.1 percent in New York. Russia and Kuwait were said to meet producers
Oil Rises as Saudis See Market Balanced by June, U.S. Rigs Drop
published Jan 16th 2017, 1:08 pm, by Robert Tuttle and Grant Smith (Bloomberg) —Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as the market reaches a balance. Futures rose 0.5 percent in New York after losing
Oil Rises as Saudi Arabia Said to Comply With OPEC Output Cuts
published Jan 5th 2017, 2:56 pm, by Mark Shenk (Bloomberg) —Oil rose as Saudi Arabia was said to meet its pledged output cut this month and U.S. stockpiles fell the most in almost four months. The kingdom is going for full compliance with OPEC cuts so other countries do the
Oil Closes Near $51 as Kuwait Said to Cut Sales to U.S., Europe
published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised
Oil Set for Weekly Drop as Resilient Supply Seen Sustaining Glut
published Sep 15th 2016, 5:56 pm, by Perry Williams (Bloomberg) — Oil headed for a weekly loss on speculation a global crude glut will persist as disrupted supply returns and demand growth slows. Futures fell 0.7 percent in New York, extending a weekly decline to 5 percent. OPEC members Libya
Oil Slides Under $35 as Glut Worsens While Fed Sinks Commodities
©2015 Bloomberg News NZJ9AJ6S972B (Bloomberg) — Oil traded below $35 a barrel and headed for a third weekly decline amid a worsening U.S. supply glut and the first interest rate increase by the Federal Reserve in almost a decade. Futures held losses in New York after closing Thursday at the lowest
Oil Climbs to Three-Week High as Refineries Increase Demand
©2015 Bloomberg News NX9EOA6KLVR7 (Bloomberg) — Oil advanced on speculation U.S. refineries increased crude demand for a third week. West Texas Intermediate futures rose 3.8 percent. Refinery utilization rates probably rose by 0.3 percentage points last week, according to a Bloomberg survey. An Energy Information Administration report Wednesday is expected
