- Oil futures score first gain in 5 sessions
May 24, 2016
Oil futures settled higher on Tuesday for the first time in five sessions as traders bet that recent supply disruptions will prompt a decline in weekly U.S. crude-oil inventories.
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- Booming petrol demand from US to India buoys oil price
May 19, 2016
Driving season arrives early, taking US gasoline consumption to 9.755m barrels per day.
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- Iran's speedy oil revival unlikely to mean change in OPEC stance
May 16, 2016
Iran’s success in boosting crude output to the most since late 2011 is no incentive for it to join OPEC partners in curbing production to shore up prices. With crude rallying, analysts see no immediate need for action.
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- Venezuela's meltdown: Oil disruptions happening
May 15, 2016
On Friday, U.S. intelligence officials told reporters they saw the potential for an economic and political meltdown in Venezuela.
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- Supply outages, US output cuts buoy oil prices
May 14, 2016
Benchmark West Texas Intermediate crude has been hovering around $46 a barrel, a six-month high, as U.S. oil production cutbacks shrink the supply glut and leave markets more sensitive to supply disruptions.
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