Posts Tagged

oil prices

Oil Drum
Business Headlines

©2015 Bloomberg News NYEGX16JIJUR (Bloomberg) — Oil held gains after rising for a third day on signs the pace of drilling is slowing in the U.S. amid a global oversupply. Futures were little changed in New York after advancing 0.4 percent Wednesday. The number of rigs targeting oil fell by 9

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bigstock-Oil-Industry-refinery-factor-84373907
Business Headlines

©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

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bigstock-OPEC-Countries-77108321
Business Headlines

©2015 Bloomberg News NW2VS56KLVR5 (Bloomberg) — Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut. Futures rose as much as 0.5 percent in New York after advancing 9 percent last week. Demand will grow and non-OPEC supply is due to contract,

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bigstock-OPEC-Countries-77108321
Business Headlines

©2015 Bloomberg News NUQRSFSYF01T (Bloomberg) — A summit between OPEC and non-OPEC oil producers that Venezuela is proposing should focus on supporting prices rather than limiting volume, the country’s oil minister said Tuesday. Venezuela seeks a fair price for oil that will support economic growth and energy demand, Oil Minister Eulogio Del

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Oil Drum
Business Headlines

©2015 Bloomberg News NT1WIG6TTDS0 (For Bloomberg fair value curves, see CFVL ) (Bloomberg) — Oil headed for the longest run of weekly declines since January amid signs the global glut that’s driven prices to the lowest in six years will be prolonged. Futures were little changed in New York, down

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Falling Oil Price. High quality 3D render illustrating the falling price of oil.
Business Headlines

©2015 Bloomberg News NSJY7H6KLVR9 (Bloomberg) — Oil in London traded near $50 a barrel after reaching a six-month low amid speculation Iranian supplies will exacerbate a global surplus as demand from the U.S. to China slows. Brent futures gained 1.7 percent, paring a 5.2 percent fall on Monday that brought

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The bears are treading on the stock market.
Business Headlines

©2015 Bloomberg News NS65YW6K50Y5 (Bloomberg) — Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies amid a global glut. Futures slid as much as 1 percent in New York, dropping for a fifth day. Oil exports from southern

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JACKSONVILLE, FL-APRIL 7: Shell gas station on April 7, 2012 in
Business Headlines

©2015 Bloomberg News NQ24D46JIJUU (Bloomberg) — Oil advanced for the first time in four days amid speculation that U.S. crude stockpiles will decline further, easing a supply surplus. Inventories probably shrank for a seventh week as refiners processed more crude to meet increased fuel consumption in the summer, according to

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Falling Oil Price. High quality 3D render illustrating the falling price of oil.
Business Headlines

©2015 Bloomberg News NOKORU6KLVR8 (Bloomberg) — Oil halted a four-day decline to trade near $60 a barrel before U.S. government data forecast to show crude stockpiles slid for a third week. Futures were little changed in New York after dropping 2.2 percent in the past four trading sessions. Inventories probably

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Oil and gas platform in the gulf or the sea, Offshore oil and ri
Business Headlines

©2015 Bloomberg News NO5PVF6TTDS3 (Bloomberg) — Oil held gains after rising for an eighth week as U.S. drillers reduced the number of active rigs to the fewest in more than four years. Futures were little changed in New York after capping a 0.4 percent gain on Friday, the longest run of

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