The EIA forecasts U.S. shale oil production to rise in March at the highest pace since May last year, given that energy companies are increasing their drilling activities, taking advantage from crude prices hovering over $50 a barrel.
read more... 14/02/2017
Crude oil prices tumbled by about 2 percent, the lowest level since mid-January, dragged down by a stronger dollar and evidence of increasing U.S. crude output.
read more... 14/02/2017
Crude oil prices closed the Friday’s session higher on evidence that OPEC members achieved more than 90 percent of output reductions under a landmark deal that took effect in January.
read more... 13/02/2017
Crude oil prices extended gains on Thursday with U.S. prices climbing on data that gasoline demand could bolster in the world's biggest oil market, although robust crude supplies meant that fuel markets remain under pressure.
read more... 10/02/2017
Crude oil prices posted a slight increase on Wednesday as investors covered short positions after a build in U.S. crude stockpiles was not as massive as many considered.
read more... 09/02/2017