Oil’s rally from worst week in two years restricted by shale fears
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.
WTI
Updated: Oil set for worst week in a year
Oil was headed for its worst week in almost a year as the global risk-asset rout troubled investors already concerned over growing U.S. supply.
Oil prices ravaged by financial turmoil
Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market.
Oil set for the longest losing streak in two months
Oil is set for the longest losing streak in two months as a global rout sparked by a plunge in U.S. equities bled into Asian hours, dragging down everything from commodity markets to energy stocks.
Oil loses steam on threat of inventory growth and dollar’s gain
Oil’s slowing down as danger signs flash ahead.
Oil set for weekly gain as crude stockpiles and dollar decline
Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened.
Brent recorded above $71 for first time since 2014
Brent crude rose above $71 per barrel earlier today for the first time since 2014 thanks to a drop in US oil stocks.
Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Crude dip could jeopardise North Sea projects, oil economist warns
A leading oil economist has warned that a worldwide drop in crude prices could impact on future North Sea projects designed to maximise recovery from the UKCS.
Hedge funds exit before Opec-driven oil rally disappears
Hedge funds jumped out of the oil market just in time.
Oil busts, leery bankers and $100bn for distressed deals
The long wait may finally be over.
Enbridge, Marathon agree to buy $2b Bakken pipe stake
A unit of Enbridge Inc. and Marathon Petroleum Corp. have agreed to pay a combined $2 billion in cash for a stake in the Bakken pipeline system from an affiliate of Energy Transfer Partners LP and Sunoco Logistics Partners LP.
Oil slides after biggest monthly loss in year as US adds rigs
Oil fell after its biggest monthly decline in a year as U.S. producers increased drilling and crude and fuel stockpiles remained at the highest seasonal level in at least two decades.
Oil heads for weekly loss as ample US stockpiles sustain glut
Oil is set for a weekly decline as the U.S. heads toward the end of its summer-driving season with ample crude and motor fuel stockpiles.
Schlumberger joins Halliburton in calling bottom of oil downturn
The world’s two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.
Oil drops below $50 amid Asia demand concern
Oil has dropped below $50 amide signs US shale drilled have been adapting to lower prices.
Oil dips as recent gains seen as unsustainable
Oil declined for a fourth day on concern recent gains were unsustainable, while shuttered Canadian operations started to reopen.
Shale drillers hold off retiring rigs as cash flows improve
Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.
Oil gains as US output continues to decline
Oil headed for a second weekly advance as U.S. crude production continued to decline and wildfires in Canada expanded.
Range Resources will win from reduced royalty rates as production grows
Range Resources will have to pay reduced royalty rates to Trinidad and Tobago's state-owned oil company which will be be of increasing benefit as production increases.
Oil rises most in two months on US output drop and freeze talks
Oil climbed the most in almost two months as U.S. crude output continued to slide before a meeting between suppliers to discuss freezing production.
Goldman says $35 oil is Goldilocks price for US explorers
Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs.
Commodities slump hits stock market
Top-flight shares plunged into the red after commodity falls weighed on heavyweight oil firms and miners.
Oil dips as crude stockpiles expand again
Oil dropped a second day after US crude stockpiles expanded again, keeping supplies at the highest level in more than eight decades.
Oil price hits $42 a barrel
Oil rose above $42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth week on expectations of a production freeze by major exporters, stronger seasonal demand and dollar weakness.