Archives for 2016
Traders see low prices, more pain ahead for oil industry
The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. All but one of 15 senior oil traders and executives interviewed this week at the annual...
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Oil climbs on report of inventory decline
Oil advanced as weekly industry data showed a big decline in U.S. crude inventories, trimming supplies that are at the highest seasonal level in at least 30 years. Futures climbed as much as 2.2 percent...
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Energy Department warns against further shrinking of U.S. oil stockpile
The nation’s oil stockpiles, maintained in the event of a global shortage, are in need of immediate repair and must not shrink any more than already ordered by Congress , the U.S. Department of Energy said in...
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Market Currents: Oil choppy ahead of likely inventory draw
Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow’s Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed around; hark, here are five things to...
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Prominent trader doubts OPEC freeze accord
One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices. While it’s “easier” to have talks on freezing supplies now than it was...
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