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Oil Edges Lower As Focus On Output Cut Compliance

Oil Edges Lower As Focus On Output Cut Compliance Oil edged lower Monday with the focus on compliance with agreed output cuts. Brent crude shed 6 cents, or 0.11%, to $55.39 at 08:00 ET. U.S. crude lost 10 cents, or 0.19%, to $52.27. Trading was thin, with the U.S. markets closed for a public holiday. OPEC and non-OPEC producers have agreed to cut output by some 1.8 million barrels a day in the first six months of this year. Saudi Arabia and Kuwait have already moved to decrease production but…

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Oil prices rise as Saudi Arabia discusses supply cuts Energy 

Oil rises as Saudi tells Asian customers of output cuts

Oil rises as Saudi tells Asian customers of output cuts Oil Buz Investors Oil rises The commodity is trading at $51.27 per barrel at 10:40 GMT this morning, 0.96% higher from the New York close. Crude oil witnessed a high of $51.33 per barrel and a low of $50.76 per barrel during the session. In the New York session yesterday, crude oil fell 2.57% to close at $50.78 per barrel, after the API disclosed that US crude oil stockpiles rose 1.5 million barrels last week. Separately, Iraqi Oil Minister, confirmed…

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Buz Investors oil edge higher The commodity is trading at $52.28 per barrel at 10:40 GMT this morning, 0.95% higher from the New York close. Crude oil witnessed a high of $52.34 per barrel and a low of $51.76 per barrel during the session. In the New Energy 

World stocks and oil edge higher; sterling reels from Brexit pain

World stocks and oil edge higher; sterling reels from Brexit pain Oil Buz Investors oil edge higher The commodity is trading at $52.28 per barrel at 10:40 GMT this morning, 0.95% higher from the New York close. Crude oil witnessed a high of $52.34 per barrel and a low of $51.76 per barrel during the session. In the New York session yesterday, crude oil fell 2.14% to close at $51.79 per barrel, pressured by mounting fears that relentless Iraqi crude exports and rising US oil production would overshadow OPEC’s efforts…

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Buz Investors Oil down on concerns The commodity is trading at $53.08 per barrel at 10:40 GMT this morning, 1.15% lower from the New York close. Crude oil witnessed a high of $53.83 per barrel and a low of $52.97 per barrel during the session. In the New Energy 

Oil down on concerns rising U.S. production could dampen output cut deal

Oil down on concerns rising U.S. production could dampen output cut deal Oil Buz Investors Oil down on concerns The commodity is trading at $53.08 per barrel at 10:40 GMT this morning, 1.15% lower from the New York close. Crude oil witnessed a high of $53.83 per barrel and a low of $52.97 per barrel during the session. In the New York session on Friday, crude oil fell 0.7% to close at $53.70 per barrel, after Baker Hughes disclosed that US oil rig count increased by 4 to 529 last…

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Oil prices edge up on OPEC hopes, but doubts linger Energy 

Oil prices edge up on OPEC hopes, but doubts linger

Oil prices edge up on OPEC hopes, but doubts linger Oil Buz Investors Oil prices edge up The commodity is trading at $54.24 per barrel at 10:40 GMT this morning, 0.89% higher from the New York close. Crude oil witnessed a high of $54.24 per barrel and a low of $53.46 per barrel during the session. In the New York session yesterday, crude oil rose 0.13% to close at $53.76 per barrel, after the EIA reported that US crude oil inventories dropped 7.1 million barrels to 479.0 million barrels last…

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Oil prices rise as Saudi Arabia discusses supply cuts Energy 

Oil prices rise as Saudi Arabia discusses supply cuts

Oil prices rise as Saudi Arabia discusses supply cuts Oil Buz Investors Oil prices rise The commodity is trading at $53.27 per barrel at 10:40 GMT this morning, 0.15% lower from the New York close. Crude oil witnessed a high of $53.42 per barrel and a low of $53.04 per barrel during the session. In the New Yor k session yesterday, crude oil rose 1.46% to close at $53.35 per barrel, after the API disclosed that US crude oil inventories fell more than expected by 7.4 million barrels last week….

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Oil prices stablilze on expected drop in US inventories Energy 

Oil prices stablilze on expected drop in US inventories

Oil prices stablilze on expected drop in US inventories Oil Buz Investors Oil prices stablilze The commodity is trading at $52.46 per barrel at 10:40 GMT this morning, a tad lower u from the New York close. Crude oil witnessed a high of $52.96 per barrel and a low of $52.38 per barrel during the session. In the New York session yesterday, crude oil fell 4.58% to close at $52.47 per barrel, surrendering its previous session gains. Immediate downside, the first support level is seen at $51.32 per barrel, while…

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Oil makes shaky gains on optimism Energy 

US oil settles at $53.77, down 29 cents

US oil settles at $53.77, down 29 cents Oil Buz Investors US oil settles down The commodity is trading at $53.94 per barrel at 10:40 GMT this morning, 0.17% higher from the New York close. Crude oil witnessed a high of $54.09 per barrel and a low of $53.77 per barrel during the session. In the New York session yesterday, crude oil fell 0.26% to close at $53.85 per barrel, after the EIA reported that US crude oil inventories unexpectedly rose 0.6 million barrels to 486.1 million barrels last week….

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Oil prices steady after industry group reports rise in US crude Energy 

Oil prices steady after industry group reports rise in US crude

Oil prices steady after industry group reports rise in US crude Crude Oil Buz Investors Oil prices steady At 10:40 GMT, the commodity is trading at $53.97 per barrel, 0.58% higher from the New York close. During the session, crude oil traded at a high of $54.07 per barrel and a low of $53.46 per barrel. The commodity declined in the New York session yesterday, closing 0.26% lower at $53.66 per barrel, after the API disclosed that US crude stockpiles surprisingly advanced 4.2 million barrels last week. Meanwhile, Iraq indicated…

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China could derail OPEC’s effort to balance oil markets Energy 

China could derail OPEC’s effort to balance oil markets

China could derail OPEC’s effort to balance oil markets Crude Oil Buz Investors China could derail OPEC This morning at 10:40 GMT, the commodity is trading at $54.23 per barrel, 0.63% higher from the New York close. The commodity traded at a high of $54.29 per barrel and a low of $53.74 per barrel this morning. Yesterday, crude oil traded 1.41% higher in the New York session and closed at $53.89 per barrel, on increased optimism among investors as OPEC’s production cut deal is set to take effect from January…

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