The Hot New Statistic Oil Traders Are Eyeing Is 71 Years OldBloombergEvery week since 1944, Baker Hughes Inc. would release its survey of how many rigs were out drilling for U.S oil and gas. And every week, oil and gas traders would, for the most part, ove …
ReutersOil falls as supply glut makes rallies tough to sustainReutersAttempts by Islamic State militants to capture Iraqi oil facilities has forced traders "to price in some geopolitical risk premium related to the increased turmoil spreading across t …
ReutersOil falls towards $61, rally's sustainability in questionReuters"U.S. refinery outages, through seasonal maintenance and industrial action, will weaken U.S. crude demand, exacerbating the crude stock excess in the near term," oil strat …
NJ.comFires rage on after oil train derails in West VirginiaNJ.comMOUNT CARBON, W.Va. -- Fires burned for hours yesterday after a train carrying 109 tankers of crude oil derailed in a snowstorm alongside a West Virginia creek, sending fireballs into the sk …
ReutersOil falls toward $61 as rally's sustainability in questionReuters"U.S. refinery outages, through seasonal maintenance and industrial action, will weaken U.S. crude demand, exacerbating the crude stock excess in the near term," oil stra …
ReutersOil falls below $62 as analysts doubt recent rallyReuters"U.S. refinery outages, through seasonal maintenance and industrial action, will weaken U.S. crude demand, exacerbating the crude stock excess in the near term," oil strategists Gare …
Christian Science MonitorWhy oil markets have become so volatile [Recharge]Christian Science MonitorYo-yo: Mixed signals make for turbulent oil markets. On the one hand, ample US oil stocks and Saudi price cuts kept downward pressure on oil prices last wee …
ReutersOil steadies near $58 as US rig count offsets Chinese dataReutersBut the falling number of U.S. oil rigs, at its lowest since December 2011, reduced the impact of the Chinese data on oil prices, which have dropped more than 50 percent since June. St …
ReutersOil climbs, Brent posts best two weeks since 1998ReutersU.S. crude oil futures have seen daily price swings of up to 9 percent since last week as bulls and bears squared off positions on mixed signals about crude supplies. Many analysts think the ma …
Reuters UKOil climbs, Brent heads for best two weeks since 1998Reuters UKU.S. crude oil futures have seen daily gyrations of up to 9 percent since last week as bulls and bears squared off positions on mixed signals the market could remain oversupplied thro …