- November 21st, 2016
Oil prices climb on expectation of OPEC-led output cut
Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years. ›
Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years. ›
Oil prices fell on Friday as a strengthening U.S. dollar beat back renewed hope that OPEC might finally agree production cuts. ›
Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks. ›
Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session. ›
Prompt British gas prices for day-ahead delivery rose on Tuesday morning as expectations of a dip in temperatures boosted demand. ›
Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. ›
Oil sank to a three-month low in London as Iran increased output and U.S. explorers operated the most rigs since February, signaling the persistence of a global supply glut. ›
Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. ›
British wholesale gas prices edged lower on Friday morning as strong imports created oversupply, but worries about supplies over the winter limited the falls. ›
French week 1 baseload power prices were up 15 percent and those for week 2 were up 8 percent on Friday after overnight news of further delays in restarting some of the country’s nuclear reactors triggered replacement purchases. ›