Financial

Oil prices rose after Saudi Arabia’s energy minister, Khalid al-Falih, made comments during a trip to India that the kingdom will lower its production to well below output caps during the first quarter of 2018.  [Read more]

Oil prices rose on Friday by well over one per cent after reports of a drop in Libyan production and OPEC’s Energy Minister Khalid al-Falih (left) said, while in India, “the oil markets, its clear, [Read more]

US oil prices rose nearly two per cent on Thursday after US Energy Information Administration data showed US crude stocks fell by 1.6 million barrels last week.  Phillips 66 photo. Oil prices rally on Thursday [Read more]

Oil prices were down slightly in trading on Wednesday as the US dollar recovered from last week’s three-year lows and expectations that US crude stocks rose again last week.  Repsol photo. US dollar a “trading [Read more]

Oil prices were mixed on Tuesday with Brent slightly down and US WTI up by over 1 per cent.  The discount between the two futures contracts is now at a six-month low.  Statoil photo. Canadian [Read more]

Oil prices rise, but concerns over higher US production tempered Monday gains.  Apache photo. Oil prices rise as border incidents in Syria bring Israel and Iran closer to direct confrontation Oil prices rose slightly in [Read more]

Oil prices rose on Friday.  Benchmark Brent was on track to end the week up over 3 per cent after a drop of over 8 per cent last week.   Oil prices up as US dollar [Read more]

One analyst says high US production, rising gasoline stocks and a shrinking price premium of Brent over WTI paints a bearish picture for oil prices.  Statoil photo. Oil prices mixed, premium of Brent over WTI [Read more]

Oil prices rose slightly on Wednesday after the US Energy Information Administration reported US crude stocks rose by 1.8 million barrels, 1 million barrels less than anticipated.  Oil prices rebound from earlier losses Oil prices [Read more]

Oil prices rose slightly on Monday after benchmark Brent hit two-month lows early in the session.  Anadarko photo.  Seasonal factors may also be factor in declining oil prices Oil prices rebounded slightly from earlier losses [Read more]

Oil prices were up slightly on Monday, helped by weaker US dollar and strong demand for crude.  Nexen photo. US oil prices up almost 1 per cent On Monday, slightly higher oil prices regained some [Read more]

Oil prices fell on Friday.  US WTI fell below the $60 mark for the first time since late December.  Seven Generations photo. Oil prices down over 9 per cent from 2018 high in late January [Read more]

Oil prices on track to fall for fifth consecutive day after EIA data showed US crude production hit 10.25 million b/d and the Forties pipeline restarted following a shutdown. Nexen photo. Oil prices down over [Read more]

Oil prices fell on Wednesday due to rising US crude stocks and a surprising increase in distillates inventories.  Repsol photo. US oil prices down over 3 per cent Wednesday Oil prices dropped to a one-month [Read more]

Oil prices fell on Monday as a rising US dollar made crude more expensive for non-US investors to buy greenback-dominated assets.  Nexen photo. Oil prices drop for third straight day Oil prices were caught in [Read more]

US oil prices fell over 2 per cent on Monday while price of North Sea oil hit its lowest in eight months.  Apache photo. Oil prices pressured Monday on market sell-off Oil prices dipped significantly [Read more]

Brent oil prices fell by over 2 per cent on Friday, but crude remains supported by strong demand and OPEC supply cut compliance.  Apache photo. Oil prices pressured by rising US production, dollar Oil prices [Read more]

On Thursday, US oil prices gained almost 2 per cent.  In January, both Brent and WTI increased for a fifth straight month.  Apache photo. Oil prices rose as falling output in Venezuela offset higher production [Read more]

Oil prices steadied during trading on Wednesday, despite data from the US Energy Information Administration showing a 6.8 million barrel rise in US crude stocks. Nexen photo. Oil prices recover during session despite 6.8 million [Read more]