Global oil benchmarks pulled apart in sign of market discord
Long-established relationships between the world’s most important oil prices are being strained by conflicting forces across the globe.
WTI
Oil’s rally to 3-year high choked by fear of Opec output revival
Oil’s rally to its highest level since 2014 was curtailed this month after two of the world’s biggest crude suppliers signaled they may scale back historic output cuts that helped drain a global glut.
Oil holds losses as market turmoil adds to fear over Opec output
Oil held losses below $67 as global risk assets slid on renewed trade tensions between the U.S. and China as well as political turmoil in Europe, with concerns simmering that OPEC may ease its output curbs.
Oil rebounds as Opec signals deal extension
Oil rebounded from the biggest loss in more than a week as OPEC hinting at extending output cuts fanned optimism and investors anticipated a drop in U.S. stockpiles.
Brent holds near $70 as Middle East tensions offset stock slide
Brent held near $70 a barrel after Saudi Arabia intercepted multiple ballistic missiles fired by Houthi forces in Yemen.
Chinese oil contract to rival US WTI and UK’s Brent is born
China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.
Oil set for first monthly drop since August on US stockpile fear
Oil is poised for its first monthly decline in six months as a rally at the start of the year fades on growing fears over booming U.S. shale supply.
Oil heads for second weekly gain after surprise stockpile drop
Oil headed for a second weekly increase as a surprise pullback in U.S. crude inventories compounded signs that a global glut is easing.
Brent drops from 2-week high as US warns of ‘phenomenal’ surge
Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.
Oil finds relief in weaker dollar as equities recover from rout
Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout.
Oil set for first weekly gain this month as US dollar weakens
Oil headed for its first weekly gain this month as a weaker dollar boosted the allure of commodities priced in the U.S. currency.
Oil struggles near $60 amid rising US supply fears
Oil is being held back after its worst week in two years as fears over rising U.S. crude supplies curb investor optimism.
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.
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.