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Industry News from Energy Services

  • May 24th, 2011

Crude Oil Rises As Dollar Slips, Goldman Sachs Boosts Brent Price Forecast

Oil rose the most in almost a week in New York as the dollar declined, boosting commodities’ appeal as an alternative investment, and Goldman Sachs Group Inc. and Morgan Stanley increased their oil-price outlooks. ›

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  • May 13th, 2011

Oil Gains Near $100 As Dollar Falls

Oil rose about $1 on Friday, taking benchmark U.S. crude futures back near $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar. ›

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  • May 9th, 2011

Brent Rises After Last Week’s Record Rout

Brent crude rose above $110 a barrel on Monday on a weaker dollar and concerns over global oil supplies, after losing $16 last week in its biggest ever decline in dollar terms. ›

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