ReutersOil extends gains to sixth day on dip in US outputReuters"After the steep drop in oil prices of recent weeks, I believe that especially hedge funds saw nice buying momentum and lower U.S. crude production was the trigger to act," said Hans …
ReutersOil prices edge up to two-week high on dip in US outputReuters"After the steep drop in oil prices of recent weeks, I believe that especially hedge funds saw nice buying momentum and lower U.S. crude production was the trigger to act," said …
The EconomistWhat Rosneft's purchase of Essar's oil refinery meansThe EconomistSuch is the story of the Essar Group, which is in the final stages of selling its crown jewel, India's second-biggest private oil refinery, to a consortium led by Ro …
ReutersOil prices rise to two-week high on dip in US outputReutersLONDON Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Cr …
ReutersOil up almost 2 percent on weaker dollar, short-coveringReutersIt was the fourth straight session of gains for oil, which also got some support after the chief executive of U.S. shale oil producer Pioneer Natural Resources Co (PXD.N) said Saudi Arab …
ReutersOil prices up 2 percent on weaker dollar, short coveringReutersTim Evans, Citi Futures' energy futures specialist, said in a note that oil's upswing was "a technical correction after the declines of the past five weeks" helped alon …
ReutersEuro rallies, weak dollar lifts oilReutersIan Taylor, head of the world's largest independent oil trader Vitol, told Reuters that Brent prices would stay in a range of $40-$55 a barrel for the next few quarters. "In the third quarter we sho …
ReutersOil prices up on weaker dollar, but supply glut caps gainReutersLONDON Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar but worries over persistent oversupply capped gains. Brent crude futures LCOc1, the interna …
ReutersOil settles up; extends gains as API reports US crude drawReutersNEW YORK Oil prices settled up on Tuesday on expectations of OPEC output curbs, then extended gains in post-settlement trade as an industry group's data showed an unexpected draw i …
ReutersOil drifts as dollar offsets bullish OPEC outlookReutersOil prices are up 13 percent from three weeks ago after the Organization of the Petroleum Exporting Countries proposed its first output cut or freeze in eight years to rein in a global crude gl …