Oil futures rise on Friday, on track to score a roughly 5% gain for the week as U.S. prices touch highs above $80 a barrel for the first time in almost seven years.
U.S. oil futures look to stretch their gains into a fourth straight session on Tuesday, a day after the Organization of the Petroleum Exporting Countries and its allies decided not to accelerate its plan for gradually relaxing production cuts. Natural-gas futures also rally, with prices on track for the highest finish since 2008 on tight supplies.
Oil futures rise Wednesday, shaking off earlier declines, as official government data show that U.S. crude inventories climbed for the first time in eight weeks, but gasoline stockpiles posted a modest climb.
Oil futures lose ground Wednesday, with the U.S. benchmark slipping away from a nearly seven-year high as prices struggle to hold above the key $80 mark.
Oil futures climbed Monday, with U.S. prices settling at their highest in almost three years. Natural-gas futures, meanwhile, rallied back to their highest level since February 2014. "Both oil and natural gas are expected to continue higher in the months ahead as fundamentals decidedly favor the bulls right now, while momentum and technicals both point to higher prices in the near to medium term," said Tyler Richey, co-editor at Sevens Report Research. U.S. crude inventories have fallen sharply...
Natural-gas futures extend a pullback on Thursday from multiyear highs, a day after remarks by Russian President Vladimir Putin said Mosco would raise natural-gas supplies to Europe. Oil prices, meanwhile, look to recoup some of their recent losses from a larger-than-expected rise in U.S. crude inventories.
Oil futures trade lower on Thursday, extending losses from a day earlier when data revealed a weekly rise in U.S. crude inventories after seven consecutive weeks of declines on the back of storm disruptions in the Gulf of Mexico.
Oil futures pull back in Tuesday dealings, after the front-month contract for Brent crude touched highs above $80 a barrel for the first time in almost three years.
Oil futures finished higher on Thursday to recoup some price losses suffered a day earlier. Prices found support after Bloomberg News reported that the U.S. Energy Department said it has no plans to tap the nation's Strategic Petroleum Reserve. That contradicted comments reported by the Financial Times from Energy Secretary Jennifer Granholm on Wednesday, who raised the possibility of a release of oil from the SPR. Oil also moved higher along with the stock market after U.S. lawmakers reached a...
Gold futures decline on Wednesday for a second session in a row, with strength in the U.S. dollar helping to set prices up to post another finish at their lowest in sevens weeks.
Oil futures on Friday head lower, pressured by a report that OPEC and its allies will discuss a further increase to global output than had been previously expected among its members at its Monday gathering.