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OPEC figures show over 90% compliance with supply cut: Sources

OPEC figures show over 90% compliance with supply cut: Sources

Fri, Feb 10, 2017

The Organisation of the Petroleum Exporting Countries (OPEC) has delivered more than 90% of pledged oil output curbs in January whereby making a strong start to implementation of its first production cut in eight years.

Oil prices fall for fourth day after stockpile build

Oil prices fall for fourth day after stockpile build

Wed, Nov 02, 2016

Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official US stockpile figures later in the day after less comprehensive industry data showed a surprise build in inventories.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

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Oil prices dip after reaching June highs following US crude stock draw

Oil prices dip after reaching June highs following US crude stock draw

Thu, Oct 06, 2016

Oil prices dipped on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in US crude inventories. US West Texas Intermediate (WTI) crude oil futures were trading at $49.63 per barrel at 0051 GMT, down 20 cents from their last settlement.

Oil prices rise on report of US crude stock draw

Oil prices rise on report of US crude stock draw

Wed, Oct 05, 2016

Oil prices rose in early trading on Wednesday after a report that US fuel inventories may have fallen for a fifth straight week, but contracts remained near the $50 mark where many traders currently see fair value for crude.

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