crude oil prices

Silhouette of an oil worker using machinery at sunset

OPEC Oil Production Hits Record in November

Oil prices may not turn entirely on supply and demand, at least when it comes to OPEC. Crude has spiked over $50. Last month, on a barrels produced a day ...
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Oil Barrels

Crude Oil Price Dips on Inventory Report, Worry Over OPEC Cuts

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial ...
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oil rig

EIA Forecast Sees Higher Pump Prices Ahead, Slightly More US Crude Production

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). By the end of 2016, the EIA is forecasting an average ...
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thumbs up

Analysts Keep Upgrading Oil & Gas Stocks in Wake of OPEC Production Cuts

Last week's oil production cut announced by OPEC has really put in a solid floor for oil stocks. Some of the second tier and offshore drillers and exploration companies even ...
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Oil pumps

OPEC Agreement Continues to Push Oil Prices Higher

Crude oil prices have climbed above $52 a barrel for benchmark West Texas Intermediate (WTI) and above $55 a barrel for Brent as the OPEC agreement to cut production appears, ...
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Silhouette of an oil worker using machinery at sunset

15 Major Oil and Gas Analyst Upgrades After OPEC Production Cuts

The week of November 28 to December 2 was less robust in the equity markets than in prior weeks since the election, but do not dare tell that to the oil ...
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fracking

Oil Rig Count Rises by 3, Hedge Funds Punt Ahead of OPEC Meeting

In the week ended December 2, the number of rigs drilling for oil in the United States totaled 477, up by three from the prior week and down by 68 compared ...
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Industrial

Why One Analyst Sees Value and More Upside for Rio Tinto and BHP Billiton

The post-election rally has been massive, and the commodities miners and the companies that will supply into infrastructure have seen their shares rally. That may be more muted for companies ...
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Pump Jacks Against at Dusk

WildHorse Resource Announces Potential Pricing for IPO

WildHorse Resource Development filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company noted in the filing that it ...
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Saudi Arabia

Did OPEC Production Cut Make More Speculative Oil Stocks Rally Too Much?

On a day that the Organization of Petroleum Exporting Countries (OPEC) announces a production cut, which is actually just announcing a formalized cut after previously stating that a cut was ...
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Oil Barrels

Crude Oil Price Soars on OPEC Deal, Inventory Change Not a Factor

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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crude oil terminal

Hedge Funds Added Long Positions Ahead of OPEC Meeting

The Thanksgiving Day holiday delayed the release of the Commodity Futures Trading Commission's (CFTC's) weekly Commitments of Traders report until Monday afternoon. The report indicates that hedge funds, included under ...
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Pump Jacks Against at Dusk

If Crude Production Cuts Don’t Happen, Price Could Tumble $10 a Barrel

Crude oil prices have been volatile for the past six months, hitting a high near $54 a barrel in June and a low of around $43 a barrel in early ...
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Silhouette of an oil worker using machinery at sunset

Short Sellers Grow More Selective in Major Oil

The short interest data have been released for the November 15 settlement date. After the election was decided with the Republican candidate taking the White House, short interest for major ...
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fracking

Oil Rig Count Rises by 3; OPEC Supply Cut Talks Flounder

In the week ended November 23, the number of rigs drilling for oil in the United States totaled 474, up by 3 compared with the prior week and a total ...
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