Oil prices fall after nine straight days of gains Oil prices fell on Wednesday after nine straight days of gains as investors grew concerned about a rising US dollar and OPEC’s ability of reign in production. Brent crude futures were down almost 3.3 per cent to $48/barrel by 11:56 a.m. EDT and WTI crude futures […]
Oil prices fall on increasing OPEC exports, strong US dollar Read More »
Oil prices rise on signs US production may be slowing Oil prices rose slightly in trading on Tuesday as the market reacted to tentative signs that the recent steady rise in US crude production may be slowing. Brent settled down 7 cents to $49.61 and US WTI crude futures were trading up 1 cent to
Oil prices down by pennies, Brent crude nears $50/barrel Read More »
Oil prices up 1.5 per cent Monday Oil prices rose on Monday, resuming the longest stretch of daily gains in over five years after data showed US drilling activity dropped for the first time since January, but analysts are concerned that rising OPEC production could cap gains. Brent crude futures were up 71 cents to
Oil prices rise on moderating US output Read More »
Oil prices up for seventh straight session Oil prices rose for the seventh straight session on Friday due to a weaker US dollar and data showing stronger demand from China and Baker Hughes reported a drop in the US rig count for the first time since January. Despite the boost, oil prices were set for
Oil prices up Friday, but H1 drop biggest since 1998 Read More »
Oil prices up slightly Oil prices edged up just under 1 per cent on Thursday extending the rally into a sixth session after the United States Energy Information Administration reported a small reduction in US crude production. Brent crude futures settled the day 11 cents to $47.42/barrel, after having touched a two-week high of $48.03
Oil prices rise to two-week high on US output reduction Read More »
Oil prices up despite increase in US crude stocks Oil prices rose above the $47/barrel mark on Wednesday despite data from the US Energy Information Administration showing an increase in crude stocks. Brent futures settled up 66 cents to $47.31/barrel and US WTI was up 50 cents, landing at $44.74/barrel. Investors were encouraged by a
Oil prices rise on reduced US production Read More »
Suncor announced plans to repurchase up $2 billion of the company’s shares over next twelve months, together with an early repayment of a $1.25USD billion bond, according to a press release. “Our business continues to deliver strong cash flow even at current commodity prices,” said Steve Williams, Suncor president and CEO. “We have made commitments
Oil prices up in early trading Tuesday Oil prices rose 2 per cent on Tuesday thanks to a weaker US dollar, short covering and analysts expectations that there will be a drop in US crude inventories for the third consecutive week. According to Reuters, oil prices may have also been helped by comments made by
Weaker greenback boosts oil prices, but supply weighs down gain Read More »
Fossil fuel divestment would cost nation’s top 11 pension funds up to $4.9 trillion over long term A first of its kind study finds public pension funds could lose trillions of dollars if they divested from fossil fuel related investments, according to a release from Independent Petroleum Association of America(IPAA). The new report, authored by Prof.
Study reveals oil & gas divestment of pensions could cost trillions – IPAA Read More »
Alberta oil sands producers break even at $41 or lower Oil prices rose on Monday after falling to seven-month lows last week, but growing US crude output along with an increase in demand for short sale contracts signalled that investors see a possible drop in prices on the horizon. Brent crude futures settled up 29
