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 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 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 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.
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 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...
Oil futures begin the week with additional gains, with the U.S. benchmark on track to finish above $80 a barrel for the first time in nearly seven years.
Natural-gas futures fell by just over 10% on Wednesday after Russian President Vladimir Putin said his country would boost supplies of the fuel to Europe. The news pulled prices down just one day after they settled at their highest since late 2008. Meanwhile, oil futures also declined as data from the Energy Information Administration revealed a second straight weekly rise in U.S. crude inventories. Every dip in oil prices will be a "buying opportunity for energy traders as the U.S. will not be...
Oil futures rally on Monday, with U.S. prices heading for their highest finish since 2014, after the Organization of the Petroleum Exporting Countries and its allies kept its current agreement to gradually raise crude production each month, including a 400,000 barrels per day increase in November.
Oil futures see mixed trading on Tuesday, with U.S. prices attempting to stretch their streak of gains into a fourth session, but global crude benchmark prices on the decline after the International Monetary Fund lowered its global economic growth forecast.
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.
Natural-gas futures rallied on Tuesday, with tight global supplies ahead of the winter heating season lifting prices to their highest finish in almost 13 years. Oil futures also climbed, with U.S. benchmark prices settling at their highest since October 2014 as traders bet that supplies won't be enough to meet growing demand. November natural gas rose 55 cents, or 9.5%, to settle at $6.312 per million British thermal units, the highest front-month contract finish since December 2008, according...