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Oil hits August high on potential producer action to prop up market

By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market. Brent crude oil futures rose to a high for the month of $47.40 a barrel on Monday before dipping back to $47.30 per barrel at 0644 GMT (2:44 a.m. ET), up 33 cents from their last settlement, and 11.3 percent above the last close…

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Oil hits August high on potential producer action to prop up market

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Oil falls on persistent glut fears, China data supports

By Ron Bousso LONDON (Reuters) – Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. U.S. West Texas Intermediate (WTI) futures were down 50 cents at $45.18 a barrel. While the price collapse over the past two years has led to

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Oil falls on persistent glut fears, China data supports

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With oil price near $50, resilient U.S. shale producers eye new chapter

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization

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With oil price near $50, resilient U.S. shale producers eye new chapter

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

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Oil jumps to 2016 highs as dollar drops on Fed decision

By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it

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Oil jumps to 2016 highs as dollar drops on Fed decision

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As U.S. shale sinks, pipeline fight sends woes downstream

By Tom Hals WILMINGTON, Del. (Reuters) – Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S. energy producers are trying to use Chapter 11 bankruptcy protection to shed long-term contracts with the pipeline operators that gather and process shale gas before it is delivered to consumer markets. The attempts to shed the contracts by Sabine …

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As U.S. shale sinks, pipeline fight sends woes downstream

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Oil below $30 fans wipeout fears among U.S. shale survival artists

By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…

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Oil below $30 fans wipeout fears among U.S. shale survival artists

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Last-minute cold weather brings little relief to U.S. apparel

Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said. Shoppers came out…

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Last-minute cold weather brings little relief to U.S. apparel

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Oil ends 2015 down 35 percent; long, painful hangover seen

NEW YORK/LONDON (Reuters) – Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may …

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Oil ends 2015 down 35 percent; long, painful hangover seen

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Oil hovers near 11-year lows on abundant supply, slowing demand

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports. International benchmark Brent and U…

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Oil hovers near 11-year lows on abundant supply, slowing demand

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