Energy Financial
Oil prices up on expected drop in US crude stocks
Oil prices up on strong demand Oil prices rose slightly on Tuesday on strong demand for crude, an expected drop in US crude stocks and the extension of OPEC’s supply cut agreement. By 1:41 p.m. EST, Benchmark Brent had risen 46 cents $62.91/barrel and US WTI was up 24 cents to $57.71/barrel. The Canadian Crude […]
Oil prices fall on rising US output, profit taking
Oil prices down over 1 per cent Monday Oil prices fell over 1 per cent on Monday on profit-taking and concerns over rising US crude production, but remained close to recent two-year highs after OPEC extended its supply cut agreement last week. By 1:49 p.m. EST, US WTI had fallen by 80 cents to $57.56 […]
Oil prices pare early session gains after Flynn plea
Oil prices originally buoyed by OPEC deal announcement Oil prices pared early gains on Friday as concerns about President Donald Trump’s exposure to Robert Mueller’s probe into Russian meddling in the US election campaign last year impacted the market. Wall Street’s main indexes all fell by over 1 per cent following an ABC report that […]
Oil prices drop on rising US output, OPEC meeting
Oil prices fall despite decline in US crude stocks Oil prices fell on Wednesday in volatile trading as OPEC ministers offered conflicting statements on the possible extension of the OPEC supply cut agreement one day before the cartel meets in Vienna. By the end of the session, benchmark Brent futures had fallen by 50 cents […]
Oil prices dip on OPEC pact jitters, Keystone pipeline restarts
Oil prices briefly pressured by fire at Texas refinery Oil prices slipped on uncertainty over the outcome of OPEC’s meeting this week as well as an expected boost in crude supplies following the restart of the Keystone pipeline. By 1:51 p.m. EST, US WTI had fallen 8 cents to $58.03/barrel and Brent was down by […]
Oil prices drop on US output, concerns Russian compliance in OPEC deal
Some analysts look for oil prices to drop even if OPEC extends pact US oil prices fell by over 1 per cent on Monday due to higher production in the United States as well as concerns that Russian crude output may soon be on the rise. By 1:06 p.m. EST, US WTI had recouped some […]
Red Deer’s Predator Drilling expands into Permian Basin, buys Midland Texas competitor
Assets include six, one thousand horsepower single drilling rigs Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all equity transaction. The experience and successful business practices of the J. B. Hunt family will […]
Keystone pipeline shut down prompts rise in oil prices
Oil prices hit two-year high US oil prices hit a two-year high Friday on reduced crude stocks in the wake of the shutdown of the Keystone pipeline after a spill in South Dakota last week. Earlier in the session, US WTI crude hit $58.92/barrel, the highest its been since July 2015, and Brent crude prices […]
Lower inventories, Keystone shut down boost oil prices
Oil prices rise in thin trading on Thursday In spite of rising US crude production, oil prices rose in thin trading on the Keystone pipeline shutdown and data showing a decline in US crude stocks. US WTI hit a two-year high, rising 54 cents to sit at $58.56/barrel by 1:30 p.m. EST. Benchmark Brent rose […]
Oil prices rise on US crude stock drop, Keystone pipeline interruption
US oil prices reach near two-year high early in session Oil prices rose on Wednesday after report from the US Energy Information Administration showed US crude stockpiles had fallen, even though the data showed a drop smaller than the American Petroleum Institute reported on Tuesday. By 10:19 a.m. EST, Brent crude prices were up 36 […]
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