Tag: Energy Markets

Crude prices fall after Saudi Arabia cuts Asian prices

Oil prices came under renewed pressure on Monday, after Saudi Arabia cut prices for its Asian customers and demand worries lingered following last week’s weaker-than-expected...

U.S. oil prices finish with a slight gain as OPEC+ keeps plan to boost output in place

U.S. oil futures on Wednesday finished with a slight gain, but global prices posted a modest loss, after major oil producers made no changes to...

Stock futures steady as Wall Street gets ready to test records, while oil prices stumble

U.S. stock futures were inching higher on Monday, with major indexes set to hold on to records set late last week after a dovish message...

Oil slumps on OPEC compromise expectations, COVID variant concerns

Oil futures fell Thursday, extending a slump that began in the previous session after data showed a rise in U.S. fuel supplies and after reports...

OPEC Reaches Compromise With U.A.E. Over Oil Production

OPEC reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the cartel member can eventually pump as part of...

Stock futures pause for breath with S&P 500, Nasdaq at records

U.S. stock-index futures were in a holding pattern near record highs on Tuesday as investors returned from a three-day weekend. Investors were also keeping tabs...

OPEC+ calls off output talks again Monday, leading crude oil prices to surge

Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt...

What’s next for oil prices as OPEC+ deadlocks, with more talks set for Monday

Never underestimate OPEC’s reserves of last-minute drama. The Organization of the Petroleum Exporting Countries and its allies, including Russia, had appeared on track Thursday to...

How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy

Oil companies often find religion in the wake of a boom-and-bust cycle, including after last year when crude prices crashed into negative territory for the...

Oil prices surge to more than 2-year high ahead of OPEC+ meeting

Oil prices surged to the highest level in more than two years on Tuesday, as investors awaited a meeting of the Organization of the Petroleum...

Oil prices mixed even as China data points to strong rebound for demand

Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report from China...

Oil prices fall as U.S. data show hefty rise in gasoline supplies

Oil prices headed lower on Wednesday, with gasoline futures leading the losses in the sector as traders parsed U.S. government data showing a more-than-3-million-barrel decline...

Dow logs record as cold snap lifts energy stocks, and rise in yields buoys banks

The Dow industrials eked out a record gain, but the other main equity benchmarks limped lower, as progress toward President Joe Biden’s $1.9 trillion coronavirus...

Oil prices move up as traders eye signs of improving energy demand

Oil futures moved up on Tuesday, shaking off earlier weakness, as signs of improving energy demand put global benchmark prices on track to tally an...

Energy stocks and bonds shine after brutal slump, even as Biden moves to curb fossil fuels

About nine months ago, oil futures did a crazy thing and briefly crashed into negative territory, marking a low point of a historic bear market...

Oil futures gain nearly 8% for the month

Oil futures on Friday finished sharply higher for the month, finding support as traders remained hopeful that efforts to rein in global supplies will offset...

European markets tread water as COVID-19 fears weigh on stimulus hopes ahead of earnings season

European indexes traded around flat on Tuesday, with COVID-19 infections and lockdown measures remaining top-of-mind in Europe as expectations continue that massive fiscal stimulus is...

U.S. oil books over 2% gain as weekly crude stockpiles seen falling; Brexit deal nears

Crude-oil futures closed sharply higher Wednesday as a report from the Energy Information Administration showed a drop in U.S. inventories, and favorable geopolitical developments appeared...

Oil prices on track for 7th straight weekly rise

Oil futures were little changed Friday, but remained on track for a seventh straight weekly rise as traders remained optimistic about vaccine rollouts and prospects...

How to read what oil prices — and the Dow — are saying about prospects for a ‘normal’ economic recovery

Don’t let the green energy revolution fool you into thinking crude oil prices no longer have much to say about the economic outlook. So cautions...

Oil prices end higher as OPEC+ agrees to a gradual increase in output for 2021

Oil futures ended higher Thursday, even though major producers agreed to a gradual increase in crude production starting in January, defying earlier expectations for an...

Oil prices fall as OPEC+ debates expansion of output cuts

Oil futures fell Monday, under pressure as the Organization of the Petroleum Exporting Countries and its allies debate the fate of existing output curbs in...

Oil prices rise, brushing off unclear U.S. presidential election outcome

Storage in focus. Johannes Eisele/Agence France-Presse/Getty Images Oil futures rose Wednesday, brushing off an unclear outcome in the U.S. presidential election as investors focus on...

Oil prices climb as U.S. stock drawdown eases supply glut fears

TOKYO (Reuters) – Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about...

Oil prices climb more than $1 ahead of WTI June contract expiry

SINGAPORE (Reuters) – Oil prices jumped by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing...