published Jun 12th 2016, 5:52 pm, by Stephen Stapczynski (Bloomberg) — Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1 percent in New York after dropping 4.2 percent in the previous two

published Apr 26th 2016, 2:17 pm, by Mark Shenk (Bloomberg) —Oil closed at the highest level in more than five months in New York amid signs that a global surplus is gradually diminishing. Futures rose 3.3 percent. BP Plc Chief Executive Officer Bob Dudley, who in February joked that swimming pools might

published Apr 20th 2016, 7:03 pm, by Stephen Stapczynski (Bloomberg) — Oil traded near $44 a barrel after U.S. crude production slipped to the lowest since October 2014 and Iraq said producers plan a new push to agree on an output freeze in talks as early as next month. Futures

published Apr 10th 2016, 5:54 pm, by Emma O’Brien (Bloomberg) — U.S. oil topped $40 a barrel for the first time this month, extending Friday’s surge amid easing concern over a global glut ahead of a meeting of major producers. Commodity-linked currencies held on to gains. West Texas Intermediate crude

published Apr 5th 2016, 7:58 pm, by Ben Sharples (Bloomberg) — Oil extended gains for a second day after Kuwait said a deal to freeze output can be reached without Iran and U.S. industry data showed crude stockpiles declined. Futures rose as much as 2.7 percent in New York after

©2016 Bloomberg News O2EW216TTDSC (Bloomberg) — Oil rebounded from the lowest level in more than 12 years amid the most volatile prices since 2009 as speculation swirls over whether producers will act to bolster the market. Futures rose as much as 5.9 percent in New York, after closing at the

©2016 Bloomberg News O0TFPZ6TTDS1 (Bloomberg) — Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 1 percent in New York after slipping 5.3 percent Monday. Stockpiles probably rose

©2015 Bloomberg News NZ6AHO6JTSEB (Bloomberg) — Oil headed for the biggest weekly decline since March amid speculation OPEC’s decision to effectively scrap production targets will keep the market oversupplied. Futures fell as much as 0.9 percent in New York and have dropped 8.8 percent this week. Prices are down for

©2015 Bloomberg News NZ3RLI6K50XV (Bloomberg) — As commodity prices tumble to the lowest since the global financial crisis, the dividends paid by the world’s largest oil producers and miners look increasingly hard to justify. Take the world’s largest 500 companies by sales. Of the 20 expected to pay the highest

©2015 Bloomberg News NYL2V4SYF01S (Bloomberg) — For Russia, $30 is the number to watch. Crude prices at that level will push the economy to depths that would threaten the nation’s financial system, according to 63 percent of respondents in a Bloomberg survey. Lower prices for the fuel are next year’s