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5:53 a.m. Today - By Sara Sjolin
Oil futures struggle for direction on Thursday, a day after heavy selling that came on the back of data showing U.S. oil production has jumped to an over two-year high.
3:33 p.m. Aug. 16, 2017 - By Myra P. Saefong
Oil prices settle lower Wednesday after the Energy Information Administration report revealed a weekly climb in domestic production to their highest level in over two years.
3:24 p.m. Aug. 15, 2017 - By Myra P. Saefong
WTI oil prices cut much of their earlier losses Tuesday to finish just a few cents lower, holding ground at a three-week low.
3:25 p.m. Aug. 14, 2017 - By Myra P. Saefong
Oil fall sharply Monday, with concerns over rising crude output from OPEC members and U.S. shale-oil producers pushing prices to their lowest finish in three weeks.
3:53 p.m. Aug. 11, 2017 - By Myra P. Saefong
Oil ends higher Friday, finding some support as the number of active U.S. oil rigs rose only slightly, but prices are still lower for the week after reports of a climb in July OPEC crude production, and as tensions tied to North Korea keep investors on edge.
3:43 p.m. Aug. 10, 2017 - By Myra P. Saefong
Oil pulls back Thursday as U.S. prices fail to hold above $50 a barrel despite several weeks of declines in U.S. crude inventories. Natural-gas futures climb on a smaller-than-expected rise in U.S. supplies of the fuel.
4:52 p.m. Aug. 9, 2017 - By Sue Chang
Oil futures finish higher on Wednesday after U.S. government data showed a sharp decline in crude inventory. However, a broader so-called risk-off move in financial markets on mounting tensions between the U.S. and North Korea as well as concerns that global supplies aren’t falling as much as hoped kept price moves in check.
3:38 p.m. Aug. 8, 2017 - By Sue Chang
Saudi Arabia—the world’s largest producer of crude oil—is expected to cut sales of oil supplies to Asia by up to 10% in September, to tackle the global crude glut, according to multiple reports Tuesday.
3:13 p.m. Aug. 7, 2017 - By Sue Chang
A two-day gathering in Abu Dhabi, United Arab Emirates will discuss members’ compliance level to the output pact the cartel signed with 10 other oil suppliers, including Russia, in late 2016
4:13 p.m. Aug. 4, 2017 - By Mark DeCambre
Oil futures finish sharply higher on Friday, but books a weekly loss, as investors focus on a decline in rigs drilling for oil against next week’s OPEC meeting to assess compliance to an agreement to check global production.
3:38 p.m. Aug. 3, 2017 - By Sara Sjolin
Oil futures give up early gains and trade lower Thursday afternoon, as buying appetite faded and as investors awaited a highly anticipated OPEC meeting next week.
3:28 p.m. Aug. 2, 2017 - By William Watts
Oil futures gain ground in a choppy session as traders grapple with a smaller-than-expected decline in crude inventories amid a mixed bag of government data.
3:20 p.m. Aug. 1, 2017 - By William Watts
Oil futures trade lower on Tuesday, threatening to halt a winning streak at five days amid concerns global supplies may remain robust despite efforts by major producing countries to tamp down output.
4:17 p.m. July 31, 2017 - By William Watts
Oil erases early losses, with the U.S. benchmark closing at a two-month high above $50 a barrel as investors watch the aftermath of Venezuela’s controversial weekend vote.
3:10 p.m. July 28, 2017 - By Myra P. Saefong
Oil log a weekly gain of more than 8%—the largest such rise since early December, with prices getting a lift from renewed production-curb commitments from OPEC members as well as uncertainty in Venezuela.
3:46 p.m. July 27, 2017 - By Myra P. Saefong
Oil prices notch another two-month high Thursday, as support from four weeks of falling U.S. crude supplies contributes to a fourth-consecutive session of gains.
3:31 p.m. July 26, 2017 - By Myra P. Saefong
Oil prices finish at their highest level in about two months Wednesday, buoyed by data showing a fourth-consecutive week of declines in U.S. crude inventories.
3:24 p.m. July 25, 2017 - By Myra P. Saefong
Oil settles at their highest level in seven weeks a day after an OPEC meeting drew fresh pledges from Saudi Arabia and Nigeria.
3:51 p.m. July 24, 2017 - By Myra P. Saefong
Oil rises Monday, as news that Saudi Arabia has pledged to lower crude exports and Nigeria plans to limit its production sends prices higher for the first time in three sessions.
3:32 p.m. July 21, 2017 - By Myra P. Saefong
Oil ends at its lowest level in more than a week Friday, with expectations for a rise in OPEC output pressuring prices ahead of an coming meeting of major producers.
3:19 p.m. July 20, 2017 - By Myra P. Saefong
Oil pulls back after three weeks of declines in U.S. crude supplies lifted prices a day earlier to their highest levels in six weeks.
3:23 p.m. July 19, 2017 - By Myra P. Saefong
U.S. government data show a sizable weekly decline in U.S. crude stockpiles for a third week in a row, prompting oil prices to settle at their highest level in about six weeks.
3:07 p.m. July 18, 2017 - By Myra P. Saefong
Oil prices get a boost Tuesday from a report that Saudi Arabia is considering cutting crude exports, even as the latest data show U.S. production trending higher this year.
3:21 p.m. July 17, 2017 - By Myra P. Saefong
Oil prices finish with a loss Monday as expectations for a monthly rise in U.S. shale-oil production help push prices back in the wake of a more than 5% climb last week.
3:06 p.m. July 14, 2017 - By Myra P. Saefong
Oil prices scores a fifth straight day of gains on Friday to score a weekly rise of more than 5%.
3:36 p.m. July 13, 2017 - By Myra P. Saefong
Oil prices tally a fourth session of gains Thursday, to settle at a nearly two-week high.
3:35 p.m. July 12, 2017 - By Myra P. Saefong
Oil prices settle higher Wednesday after the U.S. government confirmed a sharp decline in domestic crude supplies for a second week in a row.
3:21 p.m. July 11, 2017 - By Myra P. Saefong
Oil climbs Tuesday as a lower 2018 forecast on U.S. crude production and speculation of possible output curbs in Libya and Nigeria fuel the strongest session gain for prices in over a week.
3:11 p.m. July 10, 2017 - By Myra P. Saefong
Oil ends modestly higher Monday following news that Libya and Nigeria have been invited to OPEC’s meeting with other major producers later this month,
3:13 p.m. July 7, 2017 - By Myra P. Saefong
Oil prices end at a nearly two-week low Friday as a rise in U.S. crude production and a higher rig count provokes concerns that OPEC-led efforts to bring balance the market are doomed to fail.
3:10 p.m. July 6, 2017 - By Sara Sjolin
Oil prices climb Thursday, but off the session’s best levels, following U.S. government data that revealed the biggest decline for domestic crude supplies in five weeks, along with an increase in production.
3:31 p.m. July 5, 2017 - By Myra P. Saefong
Oil prices suffer their largest drop in a month on Wednesday, snapping their longest run of gains since 2010 after Russia ruled out any proposals to deepen the OPEC-led production cuts.
4:04 p.m. July 3, 2017 - By Myra P. Saefong
Oil prices notch an eighth-straight session gain Monday, the longest streak of wins for U.S. crude in more than seven years, buoyed by the first decline in U.S. oil-drilling activity since January.
3:19 p.m. June 30, 2017 - By Myra P. Saefong
Oil prices rally Friday to register a seventh straight session gain, as data showing the first decline in the number of active U.S. oil rigs in 24 weeks feed expectations for further declines in U.S. crude production.
3:29 p.m. June 29, 2017 - By Myra P. Saefong
Crude-oil prices tally a sixth-straight gain on Thursday, settling at a more than two-week high after a U.S. report revealed a sizable weekly decline in domestic crude production.
3:20 p.m. June 28, 2017 - By Myra P. Saefong
Oil prices settle higher Wednesday as U.S. government data reveal a sizable weekly decline in domestic crude production, though an unexpected rise in supplies kept gains in check.
2:57 p.m. June 27, 2017 - By Myra P. Saefong
Crude-oil prices advance Tuesday, with the commodity logging a fourth gain in a row as traders brace for a possible decline in U.S. supplies.
3:31 p.m. June 26, 2017 - By Myra P. Saefong
Oil settle higher Monday, after seesawing between losses and gains, as support from forecasts for a weather-related weekly decline in U.S. crude supplies outweighs pressure from expectations of further growth in U.S. output.
3:08 p.m. June 23, 2017 - By Myra P. Saefong
Oil prices end higher Friday, but suffer a loss for the week as the market continues to be plagued by a global glut.
3:31 p.m. June 22, 2017 - By Jenny W. Hsu
Oil climbs Thursday, with a second weekly decline in U.S. crude supplies helping prices recoup some of their recent losses, but rising domestic production continues to spook investors.
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